# Transgaz

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Transgaz Type Public Traded as BVB: TGN Industry Gas Key people Ion Sterian, CEO Revenue €467 million (2017) Operating income €157.6 million (2017) Net income €131.8 million (2017) Total assets €1.147 billion (2017) Total equity €814 million (2017) Number of employees 4,628 (2017) Parent Romanian Government (58.5%)

**Transgaz** is a state-owned company, which is the technical operator of the national [natural gas](/source/Natural_gas) transmission system in [Romania](/source/Romania). The company handled in 2017 a quantity of 12.87 billion m³ of [natural gas](/source/Natural_gas).

The company has a total transport capacity of 30 billion m³ of [natural gas](/source/Natural_gas) and a pipe network of 13,000 km.

Transgaz is a member of the [European Network of Transmission System Operators for Gas](/source/European_Network_of_Transmission_System_Operators_for_Gas).

## Connections to other countries

- [Hungary](/source/Hungary) through the [Arad–Szeged pipeline](/source/Arad%E2%80%93Szeged_pipeline)

- [Ukraine](/source/Ukraine) through [Cernauti](/source/Cernauti)-[Siret](/source/Siret) natural gas pipeline

- [Bulgaria](/source/Bulgaria) through [Negru Voda](/source/Negru_Vod%C4%83%2C_Constan%C8%9Ba) natural gas pipeline and [Giurgiu–Ruse pipeline](/source/Giurgiu%E2%80%93Ruse_pipeline)

- [Moldova](/source/Moldova) through the [Iași–Chișinău pipeline](/source/Ia%C8%99i%E2%80%93Chi%C8%99in%C4%83u_pipeline) that was inaugurated on 27 August 2014 (then going from Iași to [Ungheni](/source/Ungheni)).[1]

## Shareholders

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

The current shareholder structure, as of 2018:

- [Ministry of Economy](/source/Ministry_of_Economy_(Romania)): 58,5097%

- Other shareholders: 41.4903%

## Listing on the Bucharest Stock exchange

On 26 November 2007, **Transgaz** issued an [IPO](/source/Initial_public_offering) on the [BSE](/source/Bucharest_Stock_Exchange) 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](/source/Bucharest_Stock_Exchange) surpassing [Transelectrica](/source/Transelectrica) which earned US$308 million in 2006.

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

## See also

- [Arad–Szeged pipeline](/source/Arad%E2%80%93Szeged_pipeline)

- [Nabucco pipeline](/source/Nabucco_pipeline)

- [European Network of Transmission System Operators for Gas](/source/European_Network_of_Transmission_System_Operators_for_Gas)

- [Gazprom Transgaz Belarus](/source/Gazprom_Transgaz_Belarus)

## External links

- [Transgaz](https://www.transgaz.ro/) - company website

## References

1. **[^](#cite_ref-1)** ["Moldova no longer 100% dependent on Russian gas amid EU pipeline inauguration"](https://web.archive.org/web/20140929215304/http://www.moldova.org/moldova-no-longer-100-dependent-on-russian-gas-amid-eu-pipeline-inauguration/). moldova.org. 27 August 2014. Archived from [the original](http://www.moldova.org/moldova-no-longer-100-dependent-on-russian-gas-amid-eu-pipeline-inauguration/) on 29 September 2014. Retrieved 27 August 2014.

1. **[^](#cite_ref-2)** ["Romania Raised $95 Million From IMF-Pledged Transgaz Sale"](https://www.bloomberg.com/news/2013-04-17/romania-raised-95-million-from-imf-pledged-transgaz-sale-2-.html). [Reuters](/source/Reuters). 17 April 2013. Retrieved 8 May 2013.

v t e BET-20 companies of Romania Fondul Proprietatea Banca Transilvania Petrom Romgaz BRD – Groupe Société Générale Nuclearelectrica MedLife Digi Communications Transgaz Electrica One United Properties TeraPlast Transelectrica Alro Slatina Purcari Wineries Conpet Bucharest Stock Exchange

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