Transgaz | Romania Feed

Natural gas transmission company Transgaz (TGN.RO) has called its shareholders to approve, among others, the distribution of RON66 million as dividends from its 2023 profit.

In one of his rare public appearances, Ion Sterian, chief executive officer of Transgaz (TGN.RO), the national natural gas transmission company, says that the Black Sea will not turn Romania into a regional player as people keep saying, because the estimated amount of natural gas will not be enough to at least cover domestic consumption.

Transgaz, a company majority owned by the Romanian state, will also operate the natural gas transmission system of the Republic of Moldova, on the basis of a 5-year contract signed by its subsidiary, Vestmoldtransgaz, with Moldovatransgaz.

National gas transmission company Transgaz and E.ON Romania, a group focused on energy and natural gas distribution and supply, have sealed a partnership via which the two companies plan to work together to strengthen Romania’s energy security by aligning and correlating the development strategies regarding the natural gas infrastructure with the European Green Deal provisions and other European legal provisions in the field.

Through the seven Pillar II mandatory private pension funds, to which they contribute 3.75% of their gross monthly income, several million Romanian employees have come to own 20% in Transgaz (TGN.RO), the company that operates the country’s natural gas transmission system, ZF has calculated from the latest Pillar II reports.

Romania’s national gas transmission company Transgaz (TGN.RO) on Wednesday evening notified the Bucharest Stock Exchange of its board of directors having approved, subject to voting by a General Meeting of Shareholders, an increase in share capital by incorporating the reserves made from the net profit in the previous financial years in amount of RON1.77 billion.

Shareholders of Romanian state-owned gas natural transmission company Transgaz (TGN.RO) approved on Tuesday (Jan 25) the conclusion of a legal consultancy contract for analyzing and negotiating the legal, financial and commercial terms for the association with the Three Seas Initiative Investment Fund (3SIIF) in order to get financing worth a total EUR626 million for the development of gas hydrogen blend transmission infrastructure projects.

Evergent Investments (formerly SIF Moldova), a financial investment company with a capitalization of RON1.25 billion, liquidated its holdings in OMV Petrom (SNP.RO), Alro Slatina (ALR.RO) and Transgaz (TGN.RO) in the third quarter, i.e., in July, August and September, data from the quarterly report published on Monday evening show.

Romania’s energy regulator ANRE has announced that state-owned gas natural transmission company Transgaz and natural gas distribution operators in Romania carried out investments worth a total RON1.7 billion in 2020.

Romanian state-owned gas natural transmission company Transgaz (TGN.RO) ended 2020 with a net profit of RON229.8 million, down 34% on the year, according to calculations by Ziarul Financiar (ZF) based on the company’s preliminary financial report published on the stock market Monday evening.

Romania's natural gas transmission company Transgaz (TGN.RO) said in a market report Friday that Allianz SE, parent company of Allianz-Tiriac Pensii Private, has exceeded the 5% holding threshold on February 8.