24.9 C
Bucharest
September 18, 2021
BUSINESS

Future gas deposits require EUR 750 M-investment

The boosting of the natural gas storage capacity in underground deposits and the rehabilitation of the national gas transport system requires investments of over EUR 750 M, the state-owned company Transgaz Medias (TGN), the transport network operator, estimated, quoted by Mediafax.

“New deposits are scheduled to be laid out in semi-depleted (e.n. nearly exhausted) deposits, in the best possible position in relation to areas in need, and in salt caverns, for areas with daily fluctuations and daily timetables for consumption,” according to a study by the company, quoting information from a Government energy strategy bill.

The sum needed to supplement the gas storage capacity is EUR 500 M. Existing gas deposits have a total annual capacity of 3 bln cubic metres.

Investment for the boosting of deliverability by 50 pc will amount to EUR 180 M, by 2012.

Related posts

ECB keeps interest rates on hold at 0.25 pc

Nine O' Clock

PM Boc admits: Loan from IMF, EC and WB, used to finance deficit

FieldStar and InterDecor join P3 Bucharest A1’s community

NINE O'CLOCK