Onești-Gheraesti-Letcani Gas Pipeline
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Onești-Gheraesti-Letcani Gas Pipeline is a proposed natural gas pipeline.[1]
Location
The pipeline would run from the Technological Node Onești with the Technological Node Lețcani in Romania.[1][2]
Project Details
- Operator: SNTGN Transgaz SA[1]
- Owner: SNTGN Transgaz SA[1]
- Parent Company: Transgaz
- Proposed capacity:
- Length: 165 km / 102.62 mi[1]
- Diameter: 700 mm / 28 inches[3]
- Cost: €131 million (US$155 million)[4]
- Financing: A loan of €74 million (US$87 million) from Romanian Commercial Bank, also to cover another Transgaz gas pipeline investment project[5]
- Status: Operating[6]
- Start Year: 2021
Background
The pipeline is listed as a part of the European Network of Transmission System Operators for Gas (ENTSOG) 2020 Ten Year Network Development Plan which states the project is "delayed" due to "obtaining the necessary endorsements, agreements and permits, extension of the procurement procedure durations."[1] It is also listed as delayed in the Transgaz 2021-2030 network development plan.[7]
Financing
In October 2020, Transgaz agreed a loan of €74 million (US$87 million) from Romanian Commercial Bank to finance the Onești-Gheraesti-Letcani pipeline project as well as the company's interconnection project between the National Gas Transmission System and the international gas transmission pipeline T1 and reverse flow at Isaccea Phase II (Onesti – Silistea).[5] Romanian Commercial Bank is a subsidiary of Austria's Erste Bank. In July 2020, Transgaz also agreed a 300 million lei (approximately US$75 million) loan with Banca Transilvania to finance its general working capital needs.[8]
CEO of Romanian Transgaz Ion Sterian noted that the project had been completed as of October, 2021, and is now fully operational.[6]
Articles and resources
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 European Network of Transmission System Operators for Gas (November 25, 2020). "TYNDP 2020 Annex A.2 – Project Tables". ENTSOG. Retrieved December 2, 2020.
{{cite web}}: CS1 maint: url-status (link) - ↑ European Network of Transmission System Operators for Gas (October 2020). "TYNDP Transmission Map" (PDF). ENTSOG. Retrieved December 3, 2020.
{{cite web}}: CS1 maint: url-status (link) - ↑ European Network of Transmission System Operators for Gas (November 25, 2020). "TYNDP 2020 Annex A.2 – Project Tables". ENTSOG. Retrieved December 2, 2020.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Romania will build two gas pipelines Onesti-Gheraesti and Gheraesti-Letcani with a total length of 169 km, which will be connected to the Iasi-Ungeni gas pipeline", InfoMarket, Sep. 19, 2017
- ↑ 5.0 5.1 "Funding agreement concluded with Romanian Commercial Bank", Bucharest Stock Exchange, Oct. 29, 2020
- ↑ 6.0 6.1 "Ion Sterian, Transgaz: Onești-Gherăești-Lescani gas pipeline has been completed - energynomics.ro". www.energynomics.ro. Retrieved 2022-07-15.
- ↑ SNTGN TRANSGAZ SA MEDIAŞ (2021). "PLANUL DE DEZVOLTARE A SISTEMULUI NAȚIONAL DE TRANSPORT GAZE NATURALE" (PDF). Transgaz. Retrieved August 31, 2021.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Romania's Transgaz signs 360 mln lei (74 mln euro) loan deal with BCR", SeeNews, Oct. 30, 2020
