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The Natural Gas Transportation System: The Rural Stakeholders

Author

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  • Laurentiu Radu

    (The Bucharest University of Economic Studies, Romania)

Abstract

The purpose of the following article is to highlight the level of interest of the local stakeholders regarding the construction and development of the natural gas transportation system. The European Council highlighted the need to modernize and expand the gas transportation infrastructure along with the importance of interconnecting the energy systems of the European Countries in order to ensure a secure and competitive energy market for all its members. In Romania the natural gas transportation system is owned by Transgaz S.A. Medias, company which is listed on the Bucharest Stock Exchange market. The ministry of Economy is the majority stockholder, with 58,51% while the rest of the stocks being in the hold of legal entities and individual persons. Because of its important strategic position, Romania can benefit from important amounts of European funds in order to expand the gas infrastructure. At this time, the company managed to secure an 179,32 million euro grant and is on its way to build one of the largest gas pipelines from Romania, the BRUA pipeline which will create a gas highway between Bulgaria, Romania, Hungary, Austria.

Suggested Citation

  • Laurentiu Radu, 2017. "The Natural Gas Transportation System: The Rural Stakeholders," International Conference on Competitiveness of Agro-food and Environmental Economy Proceedings, The Bucharest University of Economic Studies, vol. 6, pages 174-182.
    • Handle: RePEc:aes:icafee:v:6:y:2017:p:174-182
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