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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
Public
Traded as BVB: TGN
Industry Gas
Founded 2000
Headquarters Medias, Romania
Key people
Ion Sterian, CEO
Revenue Increase467 million (2017)
Increase157.6 million (2017)
Increase131.8 million (2017)
Total assets Decrease1.147 billion (2017)
Total equity Decrease814 million (2017)
Number of employees
4,628 (2017)
Parent Romanian Government (58.5%)
Website www.transgaz.ro

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.

Contents

Connections to other countriesEdit

ShareholdersEdit

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

The current shareholder structure, as of 2018:

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.

On 15 April 2013, there was a SPO on the BSE for 15% of the company that raised US$95 million.[2]

See alsoEdit

External linksEdit

ReferencesEdit

  1. ^ "Moldova no longer 100% dependent on Russian gas amid EU pipeline inauguration". moldova.org. 27 August 2014. Retrieved 27 August 2014. 
  2. ^ "Romania Raised $95 Million From IMF-Pledged Transgaz Sale". Reuters. 17 April 2013. Retrieved 8 May 2013.