Greece, Bulgaria, Romania, Hungary Agree to Nat Gas Vertical Corridor

Energy Trade

Gas systems operators from Greece, Bulgaria, Romania and Hungary have signed a memorandum of understanding to cooperate on the realization of the Vertical Corridor, which will enable the bi-directional flow of natural gas from north to south and south to north.

The memorandum was signed by DESFA (Greece), Bulgartransgaz (Bulgaria), Transgaz(Romania), FGSZ (Hungary), ICGB (Bulgaria), and Gastrade (Greece) in the context of the 22nd World LNG Summit in Athens, reported news portal Offshore-energy.biz.

By signing the MoU, the companies affirmed their commitment, jointly and individually, to developing the necessary projects for implementing the Vertical Corridor.

The memorandum will be valid for three years with the possibility of an extension for another year.

ADVERTISEMENT

Business Confidence Worsens, Consumer Confidence Improves Analysis

Business Confidence Worsens, Consumer Confidence Improves

Parliament Negates Mandatory Membership in MOK Parliament

Parliament Negates Mandatory Membership in MOK

Haulier Koncsek Trans Invests HUF 150 mln in Garage Upgrade Transport

Haulier Koncsek Trans Invests HUF 150 mln in Garage Upgrade

Budapest Leaders Unveil Plans to Scale Back Traffic on Thoro... City

Budapest Leaders Unveil Plans to Scale Back Traffic on Thoro...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.