Pipelines, Storage & Power

Moldova-Romania pipeline faces finance hurdles

Loans agreed with Moldova to fund the country’s section of its interconnector with Romania cannot be accessed now Transgaz is solely responsible for the project Loans agreed with Moldova to fund the country’s section of its interconnector with Romania cannot be accessed now Transgaz is solely responsible for the project.
By Silvia Favasuli 16 August 2018 0 32174
A gas metering station. A Russian gas metering station. (Gazprom)

Construction work on the Moldova-Romania interconnector is set to be delayed because of financing issues, and Bucharest looks in no mood to hurry things along. 

Moldovan Parliamentary Speaker Andrian Candu said in an interview with Radio Moldova last week that construction work on the Ungheni-Chisinau pipeline – Moldova’s section of the interconnector – would start by the end of August.

But financing for the Moldovan section, which has been costed at €92 million ($105 million) and accounts for 70% of the approximate €150 million total cost of...