Home » 2018 » February » 27 » Transgaz Romania, through Eurotransgaz SRL, bought Vestmoldtransgaz from Rep. Moldavia
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Transgaz Romania, through Eurotransgaz SRL, bought Vestmoldtransgaz from Rep. Moldavia

By Edwig Ban
The National Gas Transmission Company TRANSGAZ SA informs all stakeholders that on 27.02.2018, the Public Property Agency under the Ministry of Economy and Infrastructure from the Republic of Moldova published the award to Eurotransgaz SRL in Chisinau of the investment contest for the privatization of the State Enterprise Vestmoldtransgaz as a sole asset complex.
Eurotransgaz SRL, a company established in Chisinau, having as sole associate the National Gas Transmission Company Transgaz SA, submitted on 28.12.2017 a binding offer for the complete procurement of Vestmoldtransgaz from the Republic of Moldova.
Over the following two years, Eurotransgaz SRL will carry out an investment process in the Republic of Moldova, which will include the construction of a gas pipeline between Ungheni and Chisinau, as well as the equipment necessary for the operation of this pipeline in an efficient, safe and competitive manner while providing alternative routes and sources of supply for the market in the region.
The National Gas Transmission Company Transgaz SA Romania is the technical operator of the National Gas Transmission System (NTS) ensuring the meeting of the national strategic goals for domestic and international gas transmission in conditions of efficiency, transparency, safety, non-discriminatory access and competitiveness, as well as the research and design in its specific domain of activity, complaint with the European and national laws, the quality, performance, environmental protection and sustainable development standards.
Vestmoldtransgaz was established in 2014 to manage the Iasi-Ungheni gas transport network and to provide natural gas transport services on the territory of the Republic of Moldova.
Vestmoldtransgaz was privatized by the Government of the Republic of Moldova at a price of 180 million Moldovan lei (8.8 million euros), subject to the investment of 93 million euros in the next two years. The Chisinau authorities have argued their decision by "the need to speed up construction work on the Ungheni-Chisinau pipeline and not to avoid borrowing for this purpose."
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