EU Member States have accepted, on Tuesday, the European Commission’s (EC) proposal to invest 217 million euros in 15 trans-European energy infrastructure projects, according to the EC. Of this amount, Transgaz will receive 179.3 million euros for development in Romania of a gas pipeline that will link Romania to Bulgaria and Hungary, part of of the broader BRUA pipeline, intended to reach Austria.

Of the 15 projects selected by the Commission, 9 are in natural gas (which will receive financial assistance of 207 million euros) and 6 in the electricity sector (which will benefit from a total aid of 10 million euros). Divided on other considerations, of the 15 projects, only two are construction works, with a total funding of 188 million euros. The other 29 million euros will provide the necessary funding for studies and analysis for 13 projects.

“With this funding we will help secure supplies and we fully integrate the European energy market by connecting networks across Europe. We must continue to modernize our energy networks to bring any isolated country in the European energy market”, said the European Commissioner for Energy, Miguel Arias Cañete.

In total, for 2014-2020 were allocated 5.35 billion euros for energy infrastructure of trans-European energy infrastructure under Projects of Common Interests label.