The Vertical Corridor is an EU- and US-backed initiative to transport gas from Greece through Bulgaria and Romania to Ukraine, with the aim of reducing dependence on Russian gas. Although existing infrastructure can transport 10 billion cubic meters of gas, high costs and tariffs imposed by Romania and Moldova make the project unsustainable. Discussions to expand the capacity of the Greece-Bulgaria interconnector are under way, and Bulgaria plans to increase its import capacity. The European Commission is seeking ways to speed up the project, with a 2030 deadline for Europe's energy independence.
Sources
Latest News
23:08
Nicușor Dan argues that anyone who repressed during the Revolution has no place in a high position, but Pahonțu is not in this situation.
22:38
A commercial ship caught fire in the Black Sea. Nicușor Dan: It was hit and seems to have sunk.
22:20
Nicușor Dan, after the trilateral meeting in Chișinău: Romania, the Republic of Moldova, and Ukraine will continue collaboration in the fields of infrastructure, energy, and security.
22:01
Péter Magyar: Paks operates at maximum capacity / The nuclear power plant in Romania, previously cited as an example, has been shut down for two weeks.
21:38
UEFA has conducted the draw for the main stage of the Champions League / Liverpool and Real for Chivu
See more news