Romania, Turkey sign memorandum on electric energy transport

Minister-delegate for Energy Constantin Nita and Turkish Minister of Energy and Natural Resources Taner Yildiz signed on Thursday a Memorandum of Understanding on cooperation in the development of interconnections in the electric energy sector, which will allow the setting up of an alternative facility for the exchange of electricity between the two countries, including via a submarine cable, the Economy Ministry informs in a press release. The two ministers approached the latest developments in the energy sectors of the two countries, regional cooperation topics and the strategic interconnection projects, the release reads. In turn, Taner Yildiz, Turkey’s Minister of Energy and Natural Resources, stated at a press conference held at the Turkish embassy in Bucharest that one of the three or four topics discussed with Romanian officials was the undersea cable. “It was decided to redo the feasibility study; we also went over the financial aspect of this project. Each side set a deadline for the other. Given current energy prices and new available technologies, this project could materialize,” Yildiz mentioned.
He also noted feasibility studies on air energy transport over Bulgaria will be carried out in coming months, in order to determine which project is most viable from an economic standpoint. Romania and Turkey may also conduct explorations of deposits in the Black Sea. “The explorations in the Black Sea may be conducted jointly by Romania and Turkey. There is also the possibility of collaboration with a third party company. The exact details have not been settled yet,” the Turkish Minister said. On Friday, Minister Taner arrived in Sofia, Bulgaria to meet with Dragomir Stoinev, Minister of Energy. Following discussions between the two, Bulgaria and Turkey will most likely sign an agreement in March on building a pipeline connecting the two countries’ gas transport systems, BTA informs.

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