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Project Insights

BRUA pipeline shows new signs of life

A new capacity auction may boost the prospects for the Bulgaria-Romania-Hungary-Austria pipeline, as well as for proposed projects offshore Romania A new capacity auction may boost the prospects for the Bulgaria-Romania-Hungary-Austria pipeline, as well as for proposed projects offshore Romania.
By The Wildcat 21 December 2018 Europe & Russia / Pipelines, Storage & Power 0 33778
A platform in the Black Sea off Romania. (Petrom)

Bidders who booked capacity on the Romania-Hungary segment of the proposed Bulgaria-Romania-Hungary-Austria (BRUA) gas pipeline exercised their step-back option by the envisaged deadline of 14 December – a move that, somewhat paradoxically, represents a positive step towards the completion of the project.

Hungarian transmission system operator FGSZ said on Tuesday that it would hold a new binding capacity auction, the results of which will be published on 28 January. But this new phase will not grant a step-back option to interested bidders.

BRUA – or BRUSKA,...