“The two countries do not have a connection, and a new connection increases safety of supply and diversification increases competition,” Janos Zsuga, the CEO of MOL Foldgazszallito is reported as saying. Transgaz’ CEO Ioan Rusu added that the main purpose of the agreement is for the two companies to maintain reliability of supply. MOL is also in the process of expanding its gas connection with Ukraine; the 100-km expansion, which the firm earlier estimated to cost around $275 million, is on track for completion by 2010, Mr Zsuga said.
