In an interview for Bursa daily, Cristian Colteanu, General Electric (GE) President and Director General for Romania, Bulgaria and the Republic of Moldova, has emphasized that GE is a reliable partner for states in Central and Eastern Europe. In Romania, GE has been active for over 30 years as a supplier of technology and investor.
Romania now has the extraordinary chance of becoming an important player on the regional energy market and can become an energy hub for the CEE area, playing an important role for the neighboring countries’ energy security.
Cristian Colteanu emphasized that energy security, independence and efficiency are without doubt the main goals for several governments in the region, and CEE states can benefit from EU funds in order to implement projects for sustainable development. From this point of view, GE will continue to contribute to the modernization of domains in which its technology is applicable.
The failure of the South Stream natural gas pipeline has made energy security the top priority on the agenda of our Western Balkans neighbors, Colteanu pointed out.
The explorations and exploitations in the Black Sea have two big advantages: the oil and natural gas resources are on EU territory, and their transport on land, through the pipeline planned by Transgaz, also takes place on European territory, being a very important component of energy security.