EUR 179 m funding contract for four-nation gas pipeline signed in Budapest
Budapest, September 9 (MTI) – EU officials and energy ministers signed a 179 million euro funding contract for the Bulgaria-Romania-Hungary-Austria (BRUA) gas pipeline project at the end of a two-day meeting of the Central and South Eastern Europe Gas Connectivity (CESEC) working group in Budapest on Friday.
The BRUA interconnector is one of the key energy infrastructure projects promoted by the EU with a grant allocated from its Connecting Europe Facility (CEF) fund.
Miguel Arias Canete, EU commissioner for Climate Action and Energy, assessed the meeting as the most successful event moving key EU cross-border energy infrastructure projects ahead since the creation of CESEC in February 2015.
The working group was set up by Austria, Bulgaria, Croatia, Greece, Hungary, Italy, Romania, Slovakia and Slovenia and the EU to coordinate efforts to facilitate cross-border projects that diversify gas supplies to the region in the aftermath of Russia’s cancellation of the South Stream project.
Maros Sefcovic, European Commission Vice-President for Energy Union, called the agreements signed in Budapest “a milestone” in setting up a system that will ensure safety and diversity in south-eastern Europe’s energy supplies.
Photo: MTI
Source: MTI
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