(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 30. The Solidarity Ring
could transport up to 5-9.5 billion cubic meters of gas per year,
Trend reports with reference to Hungarian FGSZ, which was one of
the signatories of the memorandum of understanding signed April 25
in Sofia on this initiative.
"The MoU supports the realization of the Solidarity Ring
transmission corridor – the joint initiative of Bulgartransgaz,
Transgaz, FGSZ, Eustream aiming to offer additional natural gas
transmission capacities on the TSOs' networks. In a short-time and
with incremental capacity improvements to the existing
infrastructure, this truly cross-border initiative could transport
up to 5-9.5 bcm/y of gas from Azerbaijan to Eastern, Central and
Western Europe via Bulgaria, Romania, Hungary, and Slovakia," said
the company.
Slovakian Ministry of Economy told Trend that the MoU does not
include any contractual arrangements and as such does not represent
a "contract".
"The aim of the MoU is to promote and encourage cooperation of
gas transmission system operators from Slovakia, Hungary, Romania
and Bulgaria in order to ensure diversified supply of additional
gas volumes to the European Union utilising the capacities of the
STRING project promoted by the respective TSOs," said the
ministry.
A signing ceremony of the "Memorandum of Understanding for
encouraging cooperation among Bulgartransgaz (Bulgaria), Transgaz
(Romania), FGSZ (Hungary), Eustream (Slovakia) and the State Oil
Company of the Azerbaijan Republic (SOCAR)" was held in Sofia April
25.
The Memorandum of Understanding sets out directions of
cooperation between SOCAR and four distribution system operators
for the supply of additional gas from Azerbaijan to Europe. The
additional gas will be supplied through the upgraded transmission
network systems of Bulgaria, Romania, Hungary and Slovakia called
the "Solidarity Ring".
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