Transgaz is a state-owned company, which is the technical operator of the national

natural gas Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbo ...

transmission system in

Romania Romania ( ; ro, România ) is a country located at the crossroads of Central, Eastern, and Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, Serbia to the southwest, Moldova to the east, and ...

. The company handled in 2017 a quantity of 12.87 billion m³ of

. The company has a total transport capacity of 30 billion m³ of

and a pipe network of 13,000 km. Transgaz is a member of the

European Network of Transmission System Operators for Gas The European Network of Transmission System Operators for Gas (ENTSOG) is an association of Europe's transmission system operators (TSOs). ENTSOG was created on 1 December 2009 by 31 TSOs from 21 European countries. Creation of the ENT ...

Connections to other countries

Hungary Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Pannonian Basin, Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the ...

through the Arad–Szeged pipeline *

Ukraine Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian inv ...

through Cernauti-

Siret Siret (; german: Sereth; hu, Szeretvásár; uk, Серет, Seret; yi, סערעט, Seret) is a town, municipality and former Latin bishopric in Suceava County, northeastern Romania. It is situated in the historical region of Bukovina. Siret is ...

natural gas pipeline *

Bulgaria Bulgaria (; bg, България, Bǎlgariya), officially the Republic of Bulgaria,, ) is a country in Southeast Europe. It is situated on the eastern flank of the Balkans, and is bordered by Romania to the north, Serbia and North Macedo ...

through Negru Voda natural gas pipeline and Giurgiu–Ruse pipeline *

Moldova Moldova ( , ; ), officially the Republic of Moldova ( ro, Republica Moldova), is a landlocked country in Eastern Europe. It is bordered by Romania to the west and Ukraine to the north, east, and south. The unrecognised state of Transnistr ...

through Iași-

Ungheni Ungheni () is a municipality in Moldova. With a population of 35,157, it is the seventh largest town in Moldova and the seat of Ungheni District. There is a bridge across the Prut and a border checkpoint to Romania. There is another border ...

gas pipeline that was inaugurated on 27 August 2014.

Shareholders

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

On 26 November 2007, Transgaz issued an

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

on the

BSE BSE may refer to: Medicine * Bovine spongiform encephalopathy, also known as mad cow disease, a neurodegenerative disease of cattle * Breast self-examination Stock exchanges * Bahrain Stock Exchange, Bahrain * Baku Stock Exchange, Azerbaijan * B ...

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

surpassing Transelectrica which earned US$308 million in 2006. On 15 April 2013, there was a SPO on the

for 15% of the company that raised US$95 million.

External links

Transgaz
- company website

References

{{Authority control Oil and gas companies of Romania Natural gas pipeline companies Companies listed on the Bucharest Stock Exchange Mediaș Companies of Sibiu County

Connections to other countries

Shareholders

Listing on the Bucharest Stock exchange

See also

External links

References