Works on the pipeline connecting Iasi (Romania) to Ungheni (Republic of Moldova) have been completed on the Romanian side and Transgaz, the state-owned gas transmission company, will shortly take over the operation of the project, said Saturday Razvan Nicolescu, the delegate minister of energy, reports Mediafax newswire.

The two countries need to invest EUR 28 million in the pipeline, out of which EUR 7 million are granted by the EU. Romania has invested EUR 9 million in this project, which aims to diversify the gas supply of the Republic of Moldova, which is currently relying on Russian imports.

Nicolescu said he would check out the building works on Monday and talk with officials from the Republic of Moldova about the interconnection project.

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The pipeline can transport up to 1 billion of cbm, enough to cover one third of the gas consumption of the Republic of Moldova.

 The aim of the project is to ensure a higher level of energetic security for The Moldova Republic and Eastern Romania, with the diversification of available gas sources. Beneficiaries of the project will be businesses and residential consumers, educational institutions, social services and charity organizations in the region.

Ovidiu Posirca