The State Secretary of the Ministry of Energy, Constantin Borosan, participates in the 9th annual meeting of the Delphi Economic Forum, which started on April 10 in the historic Greek city of Delphi under the patronage of the President of the Hellenic Republic, Katerina Sakellaropoulou, and will end on April 13.

This year, the Forum's discussions address global changes such as geopolitical tensions, environmental challenges, innovative initiatives and economic sustainability, social inclusion and societal development.

In his speech, Constantin Borosan referred to the major importance of the vertical gas transportation corridor, recently joined by the Republic of Moldova, in ensuring the energy security of Central and South-East Europe.

"The vertical corridor is already contributing to Moldova's energy security, which was demonstrated as early as November 2022, when our country transported gas through the Trans-Balkan gas pipeline, proving its technical and economic feasibility," Constantin Borosan said.

The State Secretary reiterated that Moldova's accession to the vertical corridor helped the country to diversify its gas supply sources and minimized its dependence on the Russian concern Gazprom, as from December 2022 Moldova will procure gas from alternative sources. A new concept for a commercial product with a single entry-exit tariff is being worked on with Ukraine

The vertical corridor allows the transportation of natural gas from Greece through Bulgaria, Romania to the Republic of Moldova and underground storage in Ukraine. At the beginning of April, Energocom imported liquefied natural gas through the new Alexandroupolis terminal in Greece on a test basis on the same route.

Constantin Borosan also held bilateral meetings and discussions on the sidelines of the event with representatives of Greek energy companies, the Greek state-owned DEPA, which supplies natural gas to Energocom, as well as Gastrade, which operates the Alexandropolis LNG terminal, and the operator of the Greek gas transportation system, Desfa.