Transgaz is a state-owned company, which is the technical operator of the national natural gas transmission system in Romania. The company handled in 2017 a quantity of 12.87 billion m³ of natural gas.
 | |
| Company type | Public |
|---|---|
| BVB: TGN | |
| Industry | Gas |
| Founded | 2000 |
| Headquarters | Mediaș, Romania |
Key people | Ion Sterian, CEO |
| Revenue |  €467 million (2017) |
| €157.6 million (2017) | |
| €131.8 million (2017) | |
| Total assets |  €1.147 billion (2017) |
| Total equity | €814 million (2017) |
Number of employees | 4,628 (2017) |
| Parent | Romanian Government (58.5%) |
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 member of the European Network of Transmission System Operators for Gas.
Connections to other countries
edit- 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]
Shareholders
editAlthough state-owned, Transgaz was partially privatised in 2007 and 2013 respectively.
The current shareholder structure, as of 2018:
- Ministry of Economy: 58,5097%
- Other shareholders: 41.4903%
Listing on the Bucharest Stock exchange
editOn 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
editExternal links
edit- Transgaz - company website
References
edit- ^ "Moldova no longer 100% dependent on Russian gas amid EU pipeline inauguration". moldova.org. 27 August 2014. Archived from the original on 29 September 2014. Retrieved 27 August 2014.
- ^ "Romania Raised $95 Million From IMF-Pledged Transgaz Sale". Reuters. 17 April 2013. Retrieved 8 May 2013.