UPDATED NOVEMBER 4, 2019 AT 21:00

Eusteram continues to work on Eastring pipeline

Slovak pipeline operator expects the importance of this bi-directional interconnection to grow over time.

Gas transmitter EustreamGas transmitter Eustream(Source: Sme)

The Slovak pipeline operator Eustream has designed the Eastring gas pipeline to increase energy security in the region of south-eastern Europe and make competition on the gas market more vibrant. While it continues to work on the pipeline connecting Bulgaria, Romania, Hungary and Slovakia, it is holding talks with several possible partners to make it economically attractive.

“Eastring is an ambitious and demanding project, the essence of which lays in the bi-directional interconnection of the area of ​​Turkey with access to huge natural gas deposits, and places of the biggest consumption, the European Union,” Rastislav Ňukovič, general director of Eustreamtold the Hospodárske Noviny daily.

Related articleRussia's Nord Stream 2 is almost finished. Slovakia could lose millions Read more 

There are still many more steps until an investment decision is made, while Eustream expects the importance of this project to grow in the long term. This is why it is continuing in the project and discussing it with several potential partners.

“In particular, we are negotiating with a Turkish partner about the possibility of reserving a certain capacity, which would make the project economically attractive now,” said Ňukovič, not specifying the Turkish partner.

Related articleStudy shows construction of Eastring gas pipeline is feasible Read more 

The feasibility study has shown that several alternatives are technically, as well as economically feasible, Ňukovič said in an earlier interview with Euractiv. The feasibility study has recommended a 1,208 km route while the price tag was estimated at €2.6 billion.

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