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Demand for Slovakia's Eastring gas pipeline could hit 12 bcm in first year -Study

Gasoil News - Published on Fri, 21 Sep 2018

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Reuters reported that Slovakia’s proposed Eastring gas pipeline, aimed at reducing southeastern Europe’s reliance on Russian supplies, could be operational by 2025 and draw initial demand of 12 billion cubic metres (bcm) a year, according to a feasibility study. The USD 2.6 billion, two-way pipeline would link Europe’s main gas transmission corridor from Russia via Ukraine and Slovakia with the border of Southeastern Europe - the Black Sea or Turkey. If the project wins final approval, construction could start in 2022 with the pipeline becoming operational at the beginning of 2025, Mr Rastislav Nukovic, general director of pipeline operator Eustream, said after the company disclosed the study’s findings.

Mr Nukovic said that “The positive outcomes of the feasibility study represent an important milestone in common project development and move us closer toward investment decisions.”

The pipeline would ensure southern countries, almost exclusively dependent on Russian gas, would receive gas even if Russian supplies via Ukraine were disrupted. It would also allow for new sources of natural gas in Turkey and the Balkans to be transferred further into Europe.

Hungarian, Romanian and Bulgarian gas companies would also be involved in the project, which would be eligible for EU funding.

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Posted By : Nanda Koijam on Fri, 21 Sep 2018
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