Romania’s Petrom might export gas through the Nabucco pipeline, official says

The Austrian based OMV is Petrom’s main shareholder. Transgaz is Romania’s gas transport company.

The Petrom official noted Nabucco should be Europe’s alternative to Russia’s South Stream. Gheorghe explained Petrom would not export the gas extracted in Romania but the one coming from imports.

The Nabucco project refers to the construction of a 3,300 kilometers long pipeline which will transport gas from the Middle East and Asia to EU countries.

The pipeline will traverse several southeastern European countries. Turkey, Bulgaria, Hungary, Austria and Romania associated towards the construction of the pipeline, in a move to cut dependency from Russia’s gas. Transgaz is part of Nabucco, together with Botas (Turkey), Bulgargaz (Bulgaria), MOL (Hungary) and OMV (Austria).

South Stream should traverse the Black Sea, Bulgaria, Greece and Southern Italy.

Source: NewsIn