“We’ve closed the circle with all Caspian states. We are in advanced talks with Azerbaijan, Turkmenistan and Kazakhstan for the gas supply of Nabucco pipeline. These countries have also expressed their interest to take part in other projects in Romania, like Kazakhstan with Constanta-Trieste oil pipeline. We have the advantage of being a Black Sea riparian country”, said Tudor Serban.

He added that over the last eight months, the Ministry of Economy had made significant progress and that it had made an evaluation of the companies it owned.

“It will be a challenging period, and apart from the projects currently in progress, we still have to improve efficiency. As for the two companies that will result from the reorganization of the energy sector, we have to find solutions to upgrade efficiency at the two companies”, Serban added.

The deputy managing director of Romgaz, Lucian Stancu said earlier in June that the national gas supplier held talks with companies in with Azerbaijan, Turkmenistan and Kazakhstan to secure gas supply commitments for Nabucco pipeline.

The Director of Design and Research of Transgaz, Vlad Pavlovschi said the company would negotiate the acquisition of gas to be transported via Nabucco pipeline. Each country will have a maximum 2bln cubic meter-reserve.