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    EBRD becomes shareholder in pipe to bring Romanian gas to Moldova


The pipeline provides Moldova with an alternative to Russian gas.

by: Joseph Murphy

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Complimentary, Natural Gas & LNG News, Europe, Infrastructure, Pipelines, News By Country, Moldova, Romania

EBRD becomes shareholder in pipe to bring Romanian gas to Moldova

The European Bank for Reconstruction and Development (EBRD) has acquired a 25% stake in a pipeline that will bring Romanian gas to Moldova's capital of Chisinau, the project's Romanian operator Transgaz said on August 25.

The EU lender has obtained a 25% interest in Vestmoldtransgaz, the Transgaz subsidiary that operates the Ungheni-Chisinau pipeline that runs from the Romanian border to Chisinau. It paid €20mn ($24mn) for the interest.


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The Ungheni-Chisinau pipeline was commissioned in August last year, providing Moldova, a country nearly totally reliant on Russia for its gas deliveries, with an alternative supply option.

Extending for 120 km, the Ungheni-Chisinau pipeline connects at the Romanian border with the 43-km Iasi-Ungheni pipeline that was put into operation in 2014. The EU played a key role in financing both projects.