Transgaz
| Company type | Public |
|---|---|
| BVB: TGN | |
| Industry | gas |
| Founded | 2000 |
| Headquarters | Medias, Romania |
Key people | Florin Muntean, CEO |
| Revenue | US$ 500 million (2008) |
Number of employees | 4,500 (2008) |
| Parent | state owned |
Transgaz is a state-owned company, which is the technical operator of the national natural gas transmission system in Romania. The company handled in 2006 a quantity of 15.85 billion m³ of natural gas.
The company has a total transport capacity of 30 billion m³ of natural gas and a pipe network of 13,000 km.
Transgaz is a partner in the Nabucco Pipeline project.
Connections to other countries
- Hungary through the Arad–Szeged pipeline
- Ukraine through Cernauti-Siret natural gas pipeline
- Bulgaria through Negru Voda natural gas pipeline and Giurgiu–Ruse pipeline
- Moldova through Iași-Ungheni gas pipeline that was inaugurated on 27 August 2014.[1]
Listing on the Bucharest Stock exchange
On 26 November 2007, Transgaz issued an IPO on the BSE aiming to earn around US$84 million for developing on the local market and abroad but at the end of the IPO offer the company earned a total sum of US$2.52 billion making it the largest IPO on the BSE surpassing Transelectrica which earned US$308 million in 2006.
On 15 April 2013, there was a SPO on the BSE for 15% of the company that raised US$95 million.[2]
See also
External links
- Transgaz - company website
References
- ^ "Moldova no longer 100% dependent on Russian gas amid EU pipeline inauguration". moldova.org. 27 August 2014. Retrieved 27 August 2014.
- ^ "Romania Raised $95 Million From IMF-Pledged Transgaz Sale". Reuters. 17 April 2013. Retrieved 8 May 2013.
