EurOil: Transgaz gets funding for Romanian gas system development

The technical operator of Romania’s natural gas transport system, Transgaz, has received funding worth RON1.93bn (€388mn) that will go towards building gas pipeline length, connections and capacity, and enhance gas supply through the country’s National Natural Gas Transportation System Development Plan, Romanian media reported this week. 

UniCredit Bank Romania has coordinated a syndicated loan designed to meet with Transgaz’s goal of lining up a competitive financing mix for the multi-faceted project.

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