Romania’s Transgaz gets €138m loans from EIB for key pipeline projects

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Traditional energy

Region:

Europe

Romania's natural gas transport company Transgaz is to receive a €100 million loan from the European Investment Bank for bringing Black Sea offshore gas to the Bulgaria-Romania-Hungary-Austria (BRUA) pipeline and the national gas system.

This was the second tranche of a €150 million loan from the EIB dedicated to transporting Romania's Black Sea offshore gas.

EIB also extended a €38 million loan to Transgaz for the construction of the Ungheni-Chisinau pipeline in the Republic of Moldova, a project that would allow Romanian gas to be delivered to Moldova's industrialized area around the capital city.

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