Romania Eyes Expanding Cooperation With SOCAR On More Projects Minister (Exclusive)
Date
9/21/2024 12:17:10 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 4. Romania is
looking forward to expanding its cooperation with Azerbaijan's
state oil company SOCAR on more projects, Sebastian-Ioan Burduja,
Romania's energy minister, said in an exclusive interview with
Trend .
"The Memorandum of Understanding signed in Sofia sets out
directions of cooperation between SOCAR and four distribution
system operators for the supply of additional gas from Azerbaijan
to Europe. We are looking forward to expanding our cooperation with
SOCAR on more projects. The company has proven to be a reliable
partner and investor in Romania, as it is expanding its operations
across sectors in the Romanian energy market," he said.
Burduja went on to add that one of these projects is an LNG
terminal in the Black Sea will open a new gas transport corridor
from the Caspian region, particularly from Azerbaijan, serving as a
new entry point for imported gas volumes into the EU market.
"This corridor can be considered the shortest, most direct, and
independent gas transport route, connecting Caspian gas sources
with EU countries. The feasibility study has been completed,
yielding favorable conclusions for implementation. For Romania, the
project will ensure the diversification of gas import entry points,
while also benefiting the EU by diversifying sources and supply
routes. Liquefied natural gas will ensure secure, reliable, and
accessible energy deliveries, and I am confident that this project
can have a significant positive impact on the energy security of
Central and Southeastern European states. Therefore, we hope it
will also receive the support of the European Commission for its
prompt implementation," the minister added.
He noted that the Romanian government is a pro-business one.
"All serious investors are welcomed. Romania is the fastest
growing economy in the EU over the last 2 decades, as well as
currently the second largest FDI recipient in CEE region, after
Poland. We have one of the most business-friendly regulation and
tax systems and energy is particularly an attractive field," said
the minister.
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