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.
|Traded as||BVB: TGN|
|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
|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 countriesEdit
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 exchangeEdit
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.
- Transgaz - company website
- "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.