Transgaz

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.

Transgaz
TypePublic
BVB: TGN
IndustryGas
Founded2000
HeadquartersMediaș, Romania
Key people
Ion Sterian, CEO
RevenueIncrease€467 million (2017)
Increase€157.6 million (2017)
Increase€131.8 million (2017)
Total assetsDecrease€1.147 billion (2017)
Total equityDecrease€814 million (2017)
Number of employees
4,628 (2017)
ParentRomanian 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

Shareholders

Although state-owned, Transgaz was partially privatised in 2007 and 2013 respectively.

The current shareholder structure, as of 2018:

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

References
  1. "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.
  2. "Romania Raised $95 Million From IMF-Pledged Transgaz Sale". Reuters. 17 April 2013. Retrieved 8 May 2013.
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