The construction of a gas pipeline Ungheni-Kishinev is costly, and from the point of view of the risk analysis, the project is nonfeasable for a commercial company, so that it should be done on European funds, appreciated on Wednesday the chair of the National Authority for Regulation in Energy (ANRE),Niculae Havrilet. ‘ The construction of a pipeline to link Ungheni and Kishinev is an ample investment element, very costly and generally hard to recover, when it is done out of a company’s money. That is why, for commercial companies which are interested to invest, from the risk analysis, it is clear that such a project is non-feasable, although it is important to access structural funds, European funds, funds for joint interests. Thus, in Moldova, there is a network of transport, the network through which gas is handled now. The doubling of this network with a new pipeline would produce a risk for investment, both for those who invested in the existing pipeline, and for those who would invest in a new pipeline’ Havrilet said, while he was at the launching of the report Expert Forum regarding the interconnection of the gas market and the deregulation of the energy market. According to Havrilet, the Ungheni area has few consumers and only through the construction of a new pipeline to link it to Kishinev, region with important consumption in Moldova, we could consider that export to the Republic of Moldova becomes a significant one and can ensure the independence from Russian gas. ‘I think, however, that it is important to link Romania to Moldova to ensure the independence, so that we see the necessary level of investments, the risk of not recovering the investments and the fact that the new pipeline should be integrated in the transport system of the Republic of Moldova’ the ANRE representative said.
On Monday, December 23, Romanian police brought Nica Robert Florin back to the country. The man convicted of possession of high-risk drugs, bodily harm, and driving under the influence of alcohol, is listed among Romania’s Most Wanted category and was also wanted internationally. Romanian authorities revealed at the beginning of October that they had indications […]
An investigation by the famous British newspaper Financial Times revealed that the campaign of former Romanian presidential candidate Călin Georgescu was supported by a Russian network also used during the pandemic in France and Germany to instill fear of vaccines. The newspaper’s investigation began in continuation of those by Bulgarian and Romanian journalists at BG...
Bucharest’s District 3 City Hall will once again organize a special New Year’s Eve event in Titan Park, with a program of live concerts, multimedia shows, and even a simulation of the Northern Lights. The event, set to begin at 8:00 PM on December 31, will focus on the theme of infinity. “If you missed […]
Traffic on Lot 1 of the A7 Ploiești-Buzău highway, stretching 21 kilometers in southern Romania, was officially opened on Monday, December 23. With this opening, 102 kilometers of the total 320 kilometers of the highway are now usable. The Moldova Highway, as it has been called, is meant to connect Romania's economically underdeveloped eastern regions to […]
The Dutch technology investor Prosus NV, also the majority shareholder of Romania’s largest online retailer eMAG, is set to buy the online travel agency Despegar.com Corp, focused on Latin America, for approximately USD 1.7 billion. The purchase consideration will be funded from existing cash resources, the company said. Founded in Argentina in 1999, Despegar is one […]
The new Forestry Code, which passed the Parliament vote on December 17 and was signed into law by president Klaus Iohannis on December 20, includes provisions that protect all forests in Ilfov, the county surrounding Bucharest, making them the cornerstone of the future green belt around the capital city. Moreover, it legislates green belts nationwide, […]
