USTDA Strengthens Support for Energy Security in Romania
September 25, 2015
(USTDA)
BUCHAREST, Romania – Yesterday, the U.S. Trade and Development Agency awarded a
grant to Romania’s national gas transmission company, Transgaz S.A., a public
joint stock company. The grant funds a feasibility study to improve and confirm
the technical design and economic and financial specifications for constructing
the Romanian section of the Bulgaria-Romania-Hungary-Austria Connector (BHRA)
and the Black Sea-Shore-Podisor Connector gas pipeline projects.
The grant was signed at the U.S. Embassy in Bucharest by U.S. Ambassador to
Romania Hans Klemm and Transgaz S.A. Director General Petru Ion Vaduva. Also
present at the grant signing were the Minister of Economy, Mihai Tudose; the
Minister of Energy, Andrei Dominic Gerea; Ambassador Mihnea Constantinescu,
Special Representative for Energy Security; and U.S. Deputy Chief of Mission
Dean Thompson.
“The proposed upgrades to the Romanian National Transmission Network, evaluated
by this study, will facilitate increased bilateral trade and support energy
security throughout the region,” said Ambassador Klemm.
“Transgaz believes that this study will be instrumental in providing comfort to
all market participants that the integration of the Romanian National Network
with neighboring countries will soon become a reality,” stated Director General
Petru Vaduva. “This integration will establish the much-needed connection
between Southern and Central Europe, while ensuring the security of supply and
transparency of pricing in the region.”
The projects are a critical piece necessary to increase pipeline capacity and
upgrade the gas transmission network’s operating pressure, and ultimately
enhance energy security in the region. Through the modernization and
construction of the new pipelines, Transgaz intends to distribute anticipated
new gas resources from the Black Sea, as well as conduct bi-directional gas
trade with neighboring countries.
This grant builds on a USTDA-funded reverse trade mission in 2013 that hosted 17
Romanian business leaders and government officials in the United States. The
visit helped demonstrate advanced U.S. upstream oil and gas production
technologies, practices and regulations meant to help Romanian stakeholders plan
for the development of offshore resources along the Black Sea.
The opportunity to conduct the USTDA-funded feasibility has been posted to the
Federal Business Opportunities (FBO) website. A link to the FBO announcement
can be found at http://www.ustda.gov/businessopps/.
Interested U.S. firms should submit proposals according to the instructions in
the FBO announcement.
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