Photo: Moldovagaz/Facebook
“In the framework of the Transatlantic Gas Security Summit, we held a meeting on the “Vertical Corridor” to define interconnections, capacity, clear deadlines. The Vertical Corridor involves integrating gas flows from Greece, Bulgaria and Romania to Central Europe, Moldova and Ukraine, utilizing the potential of Black Sea gas and strengthening Romania’s position as a regional hub. Analyses show potential additional profits of up to 250 million euros per year for Romanian companies due to increased transit and liquidity on the market,” Bogdan Ivan noted.
Two companies will gain potential profits
According to economica.net, the Romanian companies the minister was referring to are Transgaz SA, which transits gas through Romania, and its subsidiary Vestmoldtransgaz SRL.
Both of them received authorizations to apply, as of November 1, a 50% discount to the regulated tariffs for the reservation of pipeline transit capacity for the import of natural gas intended for winter deliveries to Ukraine via the Vertical Corridor routes, at all relevant connection points. The authorization decisions were issued on October 24 by the energy regulators of Bucharest and Chisinau.
Earlier, the gas transportation system operators of Greece (DESFA), Bulgaria (Bulgartransgaz), Romania (Transgaz), the Republic of Moldova (Vestmoldtransgaz) and Ukraine (GTSOU) agreed to extend a separate preferential pricing system for capacity reservation along the Vertical Corridor for volumes destined for Ukraine.
Thus, both Romanian companies involved in gas transit to Ukraine expect a significant increase in profits. Moldovan companies are not involved in transit.
