Joint feasibility study for gas pipeline from Turkey to Austria via Bulgaria, Romania and Hungary

abarrelfullabarrelfull wrote on 07 Jul 2014 08:56

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MOL Hungarian Oil and Gas Company announces that it signed a co-operation agreement with four other interested regional gas companies regarding their mutual interest in investigating the creation of a new gas transportation route through Central and Eastern Europe (CEE). The other partners in the consortium are BOTAS, BULGARGAZ, OMV Erdgas GmbH and TRANSGAZ.

The parties intend to jointly explore the possibility of the construction of a natural gas pipeline through Turkey - Bulgaria - Romania - Hungary and Austria by conducting a feasibility study. This will evaluate the project`s long term potential and development. Work on the feasibility study is expected to commence in spring 2003 and should last approximately one and a half years.

This new pipeline route would, for all countries involved, increase the importance of their role in gas transit to Central and Western Europe.

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