Transgaz
Encyclopedia
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.
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.
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
transmission system in Romania
Romania
Romania is a country located at the crossroads of Central and Southeastern Europe, on the Lower Danube, within and outside the Carpathian arch, bordering on the Black Sea...
. The company handled in 2006 a quantity of 15.85 billion m³ of natural gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
.
The company has a total transport capacity of 30 billion m³ of natural gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
and a pipe network of 13,000 km.
Transgaz is a partner in the Nabucco Pipeline
Nabucco Pipeline
The Nabucco pipeline is a proposed natural gas pipeline from Erzurum in Turkey to Baumgarten an der March in Austria diversifying natural gas suppliers and delivery routes for Europe. The pipeline attempts to lessen European dependence on Russian energy...
project.
Connections to other countries
- HungaryHungaryHungary , officially the Republic of Hungary , is a landlocked country in Central Europe. It is situated in the Carpathian Basin and is bordered by Slovakia to the north, Ukraine and Romania to the east, Serbia and Croatia to the south, Slovenia to the southwest and Austria to the west. The...
through the Arad–Szeged pipelineArad–Szeged pipelineThe Arad–Szeged pipeline is a natural gas pipeline from Arad in Romania to Szeged in Hungary diversifying natural gas suppliers and delivery routes for the two countries and connects the two natural gas national grids. The pipeline attempts to lessen the two country's dependence on Russian energy... - UkraineUkraineUkraine is a country in Eastern Europe. It has an area of 603,628 km², making it the second largest contiguous country on the European continent, after Russia...
through Cernauti-SiretSiretSiret is a town in Romania, Suceava County, one of the oldest towns in, and a former capital of, the former principality of Moldavia. It is located 2 km from the border with Ukraine, being one of the main border passing points in the North of the country, having both a road border post and a...
natural gas pipeline - BulgariaBulgariaBulgaria , officially the Republic of Bulgaria , is a parliamentary democracy within a unitary constitutional republic in Southeast Europe. The country borders Romania to the north, Serbia and Macedonia to the west, Greece and Turkey to the south, as well as the Black Sea to the east...
through Negru VodaNegru VodaNegru Vodă is a town in Constanţa County, Dobruja, south-eastern Romania.The name is probably derived from the legendary Radu Negru , founder and ruler of Wallachia.It has an area of .-Villages:...
natural gas pipeline and Giurgiu–Ruse pipelineGiurgiu–Ruse pipelineThe Giurgiu–Ruse pipeline will be a natural gas pipeline from Giurgiu in Romania to Ruse in Bulgaria diversifying natural gas suppliers and delivery routes for the two countries and connects the two natural gas national grids...
Listing on the Bucharest Stock exchange
On 26 November 2007, Transgaz issued an IPO on the BSEBucharest Stock Exchange
The Bucharest Stock Exchange is a stock exchange in Bucharest, capital of Romania. On December 1, 2005, Bucharest's electronic over-the-counter stock market, Rasdaq, was merged with the 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
Bucharest Stock Exchange
The Bucharest Stock Exchange is a stock exchange in Bucharest, capital of Romania. On December 1, 2005, Bucharest's electronic over-the-counter stock market, Rasdaq, was merged with the Bucharest Stock Exchange....
surpassing Transelectrica
Transelectrica
Transelectrica , is a joint - stock 100% state-owned company, its shares being held by the Ministry of Economy and Commerce. August 26th2006 marks the public listing of 10% of the company's shares on the Bucharest Stock Exchange ....
which earned US$308 million in 2006.
External links
- Transgaz - company website