11.6 C
February 27, 2021

Romania and Bulgaria to merge ‘energy markets’

The Romanian Ministry of Economy, Commerce and the Business Environment and the Bulgarian Ministry of Economy, Energy and Tourism signed a memorandum for the set-up and implementation of a project to merge their energy markets, HotNews.ro reports. On this occasion, Ion Ariton, the Minister of Economy, and his Bulgarian counterpart, Traycho Traykov, also addressed the project to interconnect the national gas facilities in Giurgiu-Ruse, the opportunity of setting up a hydropower plant on the Danube and the Romanian side’s potential to export electrical power into South-Eastern Europe. As regards the Giurgiu-Ruse interconnecting pipeline, Transgaz completed the technical project regarding the building of the gas pipeline which will join Romania and Bulgaria. Romania and Bulgaria have an agreement regarding the joining of their gas networks. According to the authorities, the Giurgiu-Ruse pipeline may be completed by the end of 2011.

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