Romgaz, Transgaz and Complexul Energetic Turceni (Turceni EnergyComplex), three of the biggest energy companies controlled by theRomanian state, want to invest one billion euros in a technology,which is burgeoning in Europe.
After talks running for years on liquefied natural gas terminals(the AGRI project) or submarine power cables that would carryelectricity to Turkey failed to yield any results, Romania is nowin a European-level competition with the biggest member states, tobuild a project for the storage of carbon dioxide.
Roughly speaking, the carbon dioxide that would normally bereleased into the atmosphere by CEN Turceni, one of the biggestlocal polluters, would be sequestered through installations,injected through Transgaz's pipes and buried as deep as 5kilometres underground, in a carbon storage facility held byRomgaz. The one billion-euro project of the three companies,however, has weak chances of becoming reality unless it receives EUfunding covering around half the costs.
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