Pipelines, Storage & Power

Capacity auction results dampen BRUA prospects

Not enough bookings were received in the latest capacity auction for the Romania-Hungary interconnection point of the BRUA pipeline, meaning developers have one last round to attract the interest they need Not enough bookings were received in the latest capacity auction for the Romania-Hungary interconnection point of the BRUA pipeline, meaning developers have one last round to attract the interest they need.
By Silvia Favasuli 29 January 2019 0 33881
Exploration in Romania's section of the Black Sea. (OMV Petrom)

The failure of the second auction for booking capacity on the Romania-Hungary interconnection point has cast further doubt on the prospects of the Bulgaria-Romania-Hungary-Austria (BRUA) pipeline.

Hungarian transmission system operator (TSO) FGSZ and its Romanian counterpart Transgaz said in a joint report on Monday that capacity bookings at the Horia-Csánadpalota interconnection point had failed to meet the target they had set for proceeding with the project.

The Hungarian TSO said it would need a further HUF 12.25 billion ($44 million) worth of capacity bookings...