Romania and European Union will fund Moldova’s joining the Romanian gas transportation network, Liviu Dragnya, Romanian Vice Premier, Minister of Regional Development, told journalists last week.
“We have signed the contract with the Moldovan Vice Premier, Minister of Economy Valerii Laer to provide 5.2 million Euro worth grant, which will cover costs for construction of the Moldovan section of the Ungen-Yassy gas pipeline together with the European funds,” Dragnya said. He added that total cost of construction of 43-km-long pipeline will be 26.5 million Euro. The construction will be carried out by three Romanian companies.
Moldovan experts said that the pipeline will not solve the problem of Moldova’s access to the gas suppliers alternative to Gasprom.
Moldova’s annual demand in natural gas totals 1.3 billion cub.m., which it imports from Russia. Romania receives the missing volume from Russia as well, reported http://www.biztass.ru.--0--
Economics
-
Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
-
Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
-
Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
-
Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
Leave a review