Transgaz

Transgaz

Infobox_Company
company_name = Transgaz
company_type = Public
foundation = 2000
location = Medias, Romania
key_people = Florin Muntean, CEO
num_employees = 4.800 (2007)
revenue = US$450 million (2007)
industry = gas
parent = state owned

Transgaz is a state-owned company, which is the technical operator of the national natural gas transmission system in Romania. The company handled in 2006 a quantity of 15,85 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 partner in the Nabucco Pipeline project.

Connections to other countries

*Hungary through Szeged-Arad natural gas pipeline (to be built by the end of 2010)
*Ukraine through Cernauti-Siret natural gas pipeline
*Bulgaria through Negru Voda natural gas pipeline

Listing on the Bucharest Stock exchange

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.

ee also

*Nabucco Pipeline

External links

* [http://www.transgaz.ro/ Transgaz] - company website


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