The new phase of the Pan-European pipeline project Eastring has been initiated together with partners from Bulgaria, Romania and Hungary
Bratislava, 7 September 2017 - Slovak gas transmission system operator Eustream has signed the contract on the Feasibility Study for the Eastring – the Pan-European pipeline directly connecting Central and South Eastern European countries. The contract was awarded to Hungarian engineering and consultancy company Euroil. Following the signing of the contract in late August, the works on the Feasibility Study were initiated on Tuesday, 5 September 2017 in Bratislava. The first working meeting was held with representatives of Euroil as well as representatives of all Eastring project partners, i.e. Bulgarian TSO Bulgartransgaz EAD., Romanian Transgaz S.A., Hungarian FGSZ Zrt and Eustream (photo).
“We have launched the new important phase of the project which will improve energy security for customers in Central and South Eastern Europe. Eastring is the EU’s Project of Common Interest (PCI) and we are happy that we can make this important step with the direct financial support from the European Union,” said Eustream’s CEO Rastislav Ňukovič.
The main purpose of the Feasibility Study is to define all necessary technical, economical, financial and environmental details of the future pipeline including optimal routing as well as to carry on the in-depth market testing. The 50 percent of the eligible costs of the feasibility study will be funded by European Commission under the Connecting Europe Facility fund. The Feasibility Study will be completed in June 2018 and its outcomes will serve as the basis for next decisions on the project parameters.
Eastring pipeline is the EU’s Project of Common Interest (PCI) that will serve as an interconnection between Western European liquid hubs and the Balkan region (an area with a potential to be a highly liquid region offering new natural gas sources from Caspian region/eastern Mediterranean/Middle East region). Project will enhance the security of supply for the Balkan region as well as for whole Europe by creating a new corridor for new natural gas sources, and will help to improve competition by enabling diversification of routes and sources. For more information please visit www.eastring.eu.