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March 28, 2023

Transgaz, Eustream sign MoU on development of Eaststring on Romanian and Slovakian territory

The Transgaz National Gas Transport Company and Slovakian similar company, Eustream announced the signing of a memorandum of understanding regarding the development of the Eastring gas transport corridor on the two countries’ territories, according to a press release of Transgaz sent to the Bucharest Stock Exchange (BVB) on Monday.

The memorandum was signed by the General Manager of Transgaz, Ion Sterian and Rastislav Nukovic, General Manager of Eustream.

By signing the MoU, among other provisions, the parties also express their agreement for the joint cooperation with the other transport systems operators in the Czech Republic, Ukraine, Hungary and Bulgaria in view of investigating the possibilities for developing the Eastring on Romanian and Slovakian territories.

“On this occasion, as General manager of SNTGN Transgaz SA, Mr. Ion Sterian underscored the positive perception and appreciation the Slovakian partners enjoy in Romania and expressed his confidence that the openness manifested by Eustream a.s. in developing the collaboration relation with SNTGN Transgaz SA will yield positive results in deepening and intensifying regional cooperation, by creating and harmonising the conditions for the development and integration of transport networks in the natural gas domain and in the energy domain in general. In Mr. Ion Sterian’s vision, the rapprochement between Transgaz and Eustream will facilitate the technological expertise exchanges in domains such as design and research, operation and development of transport systems, the dispatching of natural gas, the pipelines’ maintenance, the implementation and modernisation of SCADA, the transposition of the EU legislation and regulations in the energy field,” the release further reads.

The Slovakian partners pointed out, in their turn, the shared purpose of increasing the safety of the European-wide supply and the need to strengthen the progress obtained so far by the natural gas transport systems operators in Slovakia and Romania.

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