Transgaz
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| Company type | Public |
|---|---|
| BVB: TGN | |
| Industry | Gas |
| Founded | 2000 |
| Headquarters | Mediaș, Romania |
Key people | Ion Sterian, CEO |
| Revenue | Increase€467 million (2017) |
| Increase€157.6 million (2017) | |
| Increase€131.8 million (2017) | |
| Total assets | Decrease€1.147 billion (2017) |
| Total equity | Decrease€814 million (2017) |
Number of employees | 4,628 (2017) |
| Parent | Romanian Government (58.5%) |
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.
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 | edit source]- 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 the Iași–Chișinău pipeline that was inaugurated on 27 August 2014 (then going from Iași to Ungheni).[1]
Shareholders
[edit | edit source]Although 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
[edit | edit source]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
[edit | edit source]- Arad–Szeged pipeline
- Nabucco pipeline
- European Network of Transmission System Operators for Gas
- Gazprom Transgaz Belarus
External links
[edit | edit source]- Transgaz - company website
References
[edit | edit source]
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