Romanian Transgaz and Slovak Eustream signed Memorandum of Understanding on Eastring
9 February 2018, Bucharest
Romanian and Slovak natural gas transmission system operators Transgaz S.A. and Eustream signed the Memorandum of Understanding on the Eastring pipeline project.
The present Memorandum was signed by Mr. Ion Sterian, director general for and on behalf of Transgaz, and Mr. Rastislav Nukovic, director general for and behalf of Eustream, in the presence of HE Mr. Jan Gabor, the Ambassador of the Slovak Republic in Bucharest, HE Mr. Ambassador at Large, Pavol Hamzik, Mr. Mirek Topolanek, member of the Eustream board, and Mr Ciprian Alic, director of The EU Funds and International Relations Department, and Mr Bogdan Nicolae, adviser of the director general of Transgaz.

By signing this Memorandum both Parties declare that they will cooperate with the aim to investigate the possibility of developing the Eastring on the territory of their countries and hence, become project promoters.
Eustream and Transgaz already have a more than three year-long record of effective cooperation on the Eastring project. Today’s signature not only underlines this cooperation but is a solid base for further achievements in this project as well.

Similar Memoranda on Eastring have already been signed between Eustream and Bulgarian Bulgartransgaz as well as Memoranda on the political level between Slovak and Bulgarian/Hungarian government representatives.

Eastring is the project of bi-directional gas pipeline interconnector between Slovakia and the external border of the EU on the territory of Bulgaria. It will offer direct and most cost-effective transmission route between West EU liquid hubs and the Balkan region/Turkey – an area with a potential to be a highly liquid region offering gas from various sources.

Eastring pipeline has repeatedly obtained the status of the Project of Common Interest (PCI) for the European Union. At the beginning of last year, the European Commission approved the financial support for the Eastring project by funding its feasibility study under the Connecting Europe Facility (CEF). The main purpose of the Feasibility Study, which will be completed in June 2018, is to define all necessary technical, economical, financial and environmental details of the future pipeline including optimal routing as well as to carry on the in-depth market testing.

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