The gas transmission operators of Bulgaria, Romania, Hungary and Slovakia said that the project could transport up to 5 billion cubic metres (bcm) of natural gas per year through their integrated gas transmission networks in a short time and with minimal improvements to the existing infrastructure.
Bulgartransgaz, Transgaz, FGSZ and Eustream propose joint action regarding the expansion of the cooperation between the European Union and Azerbaijan by transporting additional natural gas quantities through their existing networks.
In July, the EU and Azerbaijan signed an agreement to double gas imports from the country to Europe which seeks to phase out its energy dependence on Russia. The TSOs have submitted to the European Commission their joint proposal, highlighting the significant opportunities and benefits of the implementation of the project to the EU’s energy priorities.
Based on the cooperation between the companies over the years and with the help of EU funds, the operators are confident that such a project would provide a secure alternative route for gas supplies in sufficiently large volumes.
The companies emphasize that in a short time and with minimal improvements to the existing infrastructure, the project could transport up to 5 billion cubic metres (bcm) of gas per year from Turkey and Greece to Eastern, Central and Western Europe via Bulgaria, Romania, Hungary and Slovakia, whereas further upgrade to 20 bcm per year can be considered. This would enable European consumers to receive more natural gas quantities from the Southern Gas Corridor pipelines.
The TSOs emphasised that such a project could be implemented quickly and at low costs, contributing significantly to ensuring liquidity on the European gas market. The initiative also contributes to implementing the objectives and priorities set out in the Commission’s REPower EU plan.