Romania Bets on Own Gas, New Pipeline as South Stream Scrapped
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Romania plans to build a new pipeline to transport future gas output from the Black Sea after projects preparing alternative transportation routes, Nabucco and South Stream, where scraped.
The country, which has the lowest reliance on Russian gas among eastern European Union members, wants to invest about 230 million euros ($283 million) to link the coast in the east with its existing gas grid, Energy Minister Razvan Nicolescu said in a phone interview today. The government will seek to tap EU funds to cover part of the cost of the construction, which will start in 2017, Nicolescu said.