Sunday, February 28, 2021

Adevarul: historical contract between Transgaz and Gazprom terminated



The contract between the Romanian company Transgaz and the Russian company Gazprom for the transit of gas through the territory of Romania between Ukraine and Bulgaria has been terminated after negotiations between the two companies and the European Commission, Adevarul newspaper writes today.

On Monday, Transgaz briefed the Bucharest Stock Exchange to terminate by mutual agreement the contract for the transmission of Russian natural gas supplied by Gazprom through pipelines from the border with Ukraine and Bulgaria. The Romanian company Transgaz informs that the historic contract for the transmission of natural gas through the T3 transit pipeline through the territory of Romania to third countries, concluded with Gazprom and valid until 31.12.2023, has been terminated by agreement between the parties. in a report sent to the Bucharest Stock Exchange, BTA reports.

The termination of the contract with Gazprom creates the necessary framework for concluding interconnection agreements through the interconnection points Isakcha 2,3 and Negru Voda / Kardam 2,3. Ensuring free access of third countries to the reservation of capacities on the T2 and T3 transit pipelines guarantees collection of the amounts for payment from the historic contract and creates preconditions for increasing the use of the natural gas transport infrastructure in Romania, Transgaz stressed. The company emphasizes that the contract with Gazprom was terminated after negotiations between the European Commission, Transgaz and Gazprom.

Former Energy Minister Razvan Nicolescu told Adevarul that solutions must be found to transport gas other than Russian. Nicolescu said the termination of the contract with Gazprom was not a surprise and was expected. According to him, there is no problem for Transgaz if another natural gas circulates through the pipeline, but if it remains empty, it will lead to losses for the company. The former minister hopes that solutions will be found to use this infrastructure.

Asked whether Transgaz could use the pipeline to transport Romanian gas to other countries, Nicolescu said it could be a solution and that the pipeline could be used to transit gas from Greece to Ukraine or the Republic of Moldova.

Adevarul notes that the Trans-Balkan gas pipeline crosses Dobrogea from north to south, between Isakcha and Negru Voda, through a system of three transit pipes through which Gazprom transports the gas it needs in Southeast Europe. This pipeline was built during the communist era with funding from Gazprom, and the Russian giant had the right to use it exclusively. The contract with Gazprom for the Isacca-Negru Voda 2 pipeline was originally signed with Romania in 1987, valid until 2011, but has since been extended successively year after year, although its provisions have violated EU free trade regulations. competitive access to cross-border interconnectors of European gas pipelines. The Russian side did not accept a change or termination of the contract, Adevarul writes. The contract for the Isakca-Negru Voda 3 pipeline, which offered Gazprom a monopoly on transport capacity, was signed in 1999 and valid until 2023. Due to the contracts between Transgaz and Gazprom signed with agreements between Romania and Russia in 1970, 1986 and 1996, the European Commission launched in 2012 an infringement procedure against the Romanian state, which was suspended in the meantime before Romania was brought before the EU court, the newspaper recalls.

Romania rejected the conventions with Russia in 2011, but due to the mechanisms provided in their texts, the agreements signed on their basis remained in force, the newspaper recalls.

Adevarul writes that Transgaz wants to modernize the measuring stations in Isakca and Negru Voda. The T3 transit pipeline connects Bulgaria and Ukraine, transiting through Romania between Isaccea and Negru Voda (the Trans-Balkan Corridor). The plan for development of the national system for natural gas transmission in the period 2020-2029, prepared by Transgaz, envisages modernization of the Isakcha 3 and Negru Voda metering stations to provide a reverse connection on the T3 transit pipeline from the border with Ukraine and Bulgaria. 3. The connection of the gas transmission pipeline Isakca 1 – Negru Voda 1 with the national gas transmission network was a request of the European Commission and one of the commitments requested by the Directorate-General for Competition, the newspaper recalls.





#Adevarul #historical #contract #Transgaz #Gazprom #terminated

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot Topics

The European Agency and the WHO also gave a recommendation for the elderly – the Society

The first quantities of Astrazeneka's vaccine, 150,000 doses, arrived in Serbia over the weekend, and Marija Gnjatović from the Institute for the Application...

The “SEHA” Radiology Conference explores the latest innovations and technological developments – UAE – News and Reports

The Abu Dhabi Health Services Company, "SEHA", organized the 10th session of the "SEHA" International Conference on Radiology recently, which comes in line...

Suspect confesses to killing critical Maltese journalist in 2017 | NOW

A suspect in the killing of Maltese anti-corruption journalist Daphne Caruana...

Related Articles

The European Agency and the WHO also gave a recommendation for the elderly – the Society

The first quantities of Astrazeneka's vaccine, 150,000 doses, arrived in Serbia over the weekend, and Marija Gnjatović from the Institute for the Application...

The “SEHA” Radiology Conference explores the latest innovations and technological developments – UAE – News and Reports

The Abu Dhabi Health Services Company, "SEHA", organized the 10th session of the "SEHA" International Conference on Radiology recently, which comes in line...

Suspect confesses to killing critical Maltese journalist in 2017 | NOW

A suspect in the killing of Maltese anti-corruption journalist Daphne Caruana...