Type Public Industry gas Revenue US$ 500 million (2008) Founded 2000 Key person Florin Nicolae Muntean | Traded as BVB: TGN Key people Florin Muntean, CEO Parent state owned Headquarters Mediaș, Romania Number of employees 4,500 (2008) | |
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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 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.
Contents
Transgaz is a partner in the Nabucco Pipeline project.
Connections to other countries
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.
On 15 April 2013, there was a SPO on the BSE for 15% of the company that raised US$95 million.