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Thursday, October 14, 2004

Romania will have access to Egypt’s gas

The pipe construction will begine in 2006 and it will be completed by 2010. The pipe will link Austria to Egypt and it will cross Romania. In the meantime disscutions are underway regarding a joint venture between Egypt and Romania, which will produce oil/gas extraction and transport equipment. Egypt will play a major role on the gas market in Romania says Dan Ioan Popescu (ministry of economy and commerce).

This can bring an escape from the russian / ucrainean potential monopoly on this market in Eastern Europe and for EU countries as well.

Posted by Mircea : 10/14/2004 02:08:00 pm