Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Romania, Serbia sign gas interconnector memorandum

Romania, Serbia sign gas interconnector memorandum

September 4, 2024

Romania's Energy Minister Sebastian Burduja and his Serbian counterpart Dubravka Dedovic Handanovic on Monday signed a memorandum of understanding on a gas interconnector construction project between Romania and Serbia, Burduja reported in a social media post on Monday."This strategic project will connect the natural gas transmission system in Serbia, through the Mokrin technological node, with the BRUA line in Romania, opening new opportunities for diversifying energy sources and increasing the competitiveness of gas prices. The Arad-Mokrin interconnector will play an essential role in energy security and regional integration of energy markets. We want to start construction next year, so that this project becomes a reality by 2028 at the latest," Burduja said.He added that this investment will offer Romania two benefits for all Romanians: a more competitive market, which will bring the lowest price to consumers, energy security, de-insulation of energy systems and diversification of supply sources."At the same time, we are working closely with Serbia for the development of electricity interconnections, and the Resita-Pancevo strategic project is advancing through Transelectrica's efforts. At the end of this year, circuit 2 will be ready, and in the first part of 2025 the entire project will be finished, including circuit 1. This partnership with a reliable historical ally, makes sure that Romania fully pledges to act as a key player in the region, with a strong, competitive, stable and future-oriented energy sector."In Romania, the natural gas transmission pipeline will be coupled to the Bulgaria-Romania-Hungary-Austria (BRUA) pipeline (Petrovaselo, Timis County) about 86 km long (the border between Romania and Serbia - Comlosu Mare, Timis County), according to data released by the Ministry of Energy. In Romani, the pipeline runs through Recas, Lenauheim, Remetea Mare, Giarmata, Pischia, Sanandrei, Ortisoara, Satchinez, Biled, Sandra, Gottlob, Comlosu Mare, designed to ensure the bidirectional flow of a gas flow of at least 1.6 billion Smc/year (183,000 Smc/h).Romania and Serbia will make every effort to start the actual construction next year, with the investment project being estimated to be completed by 2028.Burduja also said that in Q1 2024, Romania provided almost 30% of the gas production of the entire European Union. "The national company Romgaz continues to have big plans: Neptun Deep, the EUR 4 billion investment in the Black Sea, will double the production of Romanian gas from 2027; and in Caragele they are drilling more than ever, with an investment programme in excess of RON 1 billion."According to Burduja, Romania has all the assets to be an energy hub in the gas market and a pillar of stability for neighbouring countries. "Transgaz is working incessantly for the completion of BRUA - the Black Sea line at the Western border, the Tuzla-Podisor segment is the last one missing, and works there are advanced - and on making operational the Vertical Corridor, an alternative to Russian gas for the entire region."  

The text of this article has been partially taken from the publication:
http://actmedia.eu/daily/romania-serbia-sign-gas-interconnector-memorandum/109766
Read in full - click here
Romanian Social Democrats elect new leadership, only one candidate running for party leader

Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]

Black Friday sales processed by PayU Romania top EUR 100 mln by early afternoon

The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]

Romanian smartphone retailer Contakt to launch IPO on Bucharest Exchange

Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]

Romania draws fewer foreign tourists than in the communist era, Travel Agencies Association warns

Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...

InterCapital launches two new ETFs on the Bucharest Stock Exchange

InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]

Romania, Bulgaria and Republic of Moldova approve Maspex’s takeover of Purcari Wineries

The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries.  The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]