Press release

PRESS RELEASE

SNTGN Transgaz SA and VESTMOLDTRANSGAZ concluded a

Cooperation Agreement

Yesterday, 24.08.2016, SNTGN TRANSGAZ SA and VESTMOLDTRANSGAZ, the gas company of the Republic of Moldova signed a Cooperation Agreement in Chisinau, in the field of the interconnection of gas transmission systems.

The event took place on the occasion of the meeting of the Moldavian-Romanian Group in the energy field for the implementation of the projects necessary for the interconnection of the gas and electricity networks in the two countries.

The document signed by Mr. Ion Sterian – Chairman of Transgaz’ Board of Administration and by Mr. Iurie Dolghier – the Administrator of Vestmoldtransgaz stipulates the general principles related to the cooperation of the two gas transmission system operators, mainly for the development of the project related to the interconnection of the gas transmission systems in Romania and the Republic of Moldova.

 During the meeting of the joint group, the specialists of the Ministry of Economy of the Republic of Moldova, the Ministry of Economy, Commerce and Business Environment Relations and of the Romanian Ministry of Energy approached mostly the draft of the Regulation related to the operation of the Coordination group in the investment field and the procedure for its approval, aspects related to financing design works and the establishment of Transgaz’ Representative office in Chisinau.

The specialists of the joint group in the investment field are coordinated by the Vice minister of Economy Valeriu Triboi and by the President of the Department of Privatization and State Property Administration from the Ministry of Economy, Commerce and Business Environment Relations in Romania, Mihaela Preda.

SNTGN Transgaz SA is the technical operator of the national gas transmission system and it is responsible for its operation under quality, safety, efficiency and environmental conditions.

Corporate Communication Department

                                                 PRESS RELEASE

SNTGN Transgaz SA Mediaș informs all those concerned of the following:

1. By Order No. 39/10 August 2016 issued by the National Energy Regulatory Authority it was approved the regulated revenue, the total revenue and the transmission tariffs for gas transmission activity  the National Transmission System for the fifth year of the third regulatory period (1 October 2016 - 30 September 2017).

The total revenue approved for gas year 2016-2017 amounts to RON 1.101.667,33 thousand, similar to the previous gas year.

The diminishing of the gas transmission tariffs for the short-term (quarter, month, day) capacity booking products, as compared to the tariffs for the short-term capacity booking products of the previous gas year, and the seasonality specific to the gas transmission activity are factors which lead Transgaz to estimate the decreasing of the 2016 – 2017 gas year regulated revenue recovery from the using of the long-term booking products as compared to the previous gas year.

This re-orientation of the network users in the direction of using the short-term capacity booking products will have an impact on the achievement of revenue from the gas transmission activity in the sense of increasing revenue from the transmission activity during the winter season quarters and diminishing of revenue from the transmission activity during the summer season quarters.

2. By Order No. 40/10 August 2016 issued by the National Energy Regulatory Authority it was approved the total revenue amounting to RON 56,2 million and the transmission tariffs for gas transmission through the Isaccea 1 – Negru Vodă 1 pipeline for the period 1 October 2016 - 30 September 2017. These tariffs will be used as start-up price in the auctions organized compliant with Order No. 34/2016 of the National Energy Regulatory Authority.

THE INSTITUTIONAL COMMUNICATION DEPARTMENT

Press release

Press release 22.07.2016

Press release Memorandum Azerbaidjan

PRESS RELEASE

The conclusion of a Memorandum of Understanding between

Transgaz and PVGASCITY JSC

Yesterday,12.07.2016, SNTGN TRANSGAZ SA Romania and PVGASCITY JSC signed a Memorandum of Understanding in Vietnam.

The Memorandum was concluded on the occasion of the visit of the Romanian Prime Minister, Dacian Ciolos in the Socialist Republic of Vietnam, who opened the Romanian-Vietnamese Business Forum, organized under the auspices of the two countries' Chambers of Commerce and Industry.

Under the Memorandum signed in Hanoi, TRANSGAZ and PVGASCITY JSC espressed their intention to support mutually beneficial projects and to develop new lines of cooperation in the gas field. This Memorandum outlines the basic principles, the responsibilities and the framework for the coordination of the two partners' activities underlying the development of their future cooperation relationship. The Parties agreed to cooperate for a period of 1 (one) year, after having identified a set of measures on priority issues and after having defined their strategic vision and based on a market survey.

The Memorandum was signed by, Mr. Ion Sterian - the Chairman of Transgaz' Board and by Mr. Ciprian Alic the Director of the EU Funds and International Relations Division, on behalf of the Romanian party and by Mr. Bui Xuan Nang, Deputy Director of PVGASCITY JSC on behalf of the Vietamese party.

PVGASCITY JSC is authorized to build, operate and maintain gas distribution networks to residential and industrial areas in Vietnam. 

SNTGN Transgaz SA is the technical operator of the national gas transmission system and it is responsible for its operation under quality, safety, efficiency and environmental conditions.

Corporate Communication Department

16.06.2016

PRESS RELEASE

On 16.06.2016 Mr Klaus Iohannis, the President of Romania, together with the delegation of the Romanian Embassy of Romania in Sofia, visited Marten Site, Bulgaria, were the HDD works for the Danube undercrossing were initiated.

Mr President met the representatives of the companies involved in the project: Transgaz, Bulgartransgaz and  the constructor Habau.

Mr Ion Sterian, the Chairman of the Board of Administration of Transgaz, and Mr Petru Văduva, the Director – General of our Company, presented the interconnection project and discussed with Mr Iohannis about the project opportunities.

The Interconnection Bulgaria - Romania is the only project ensuring gas transmission on the southern gas route Azerbaijan-Turkey-Greece to Austria, through the Romanian section. The gas pipeline from Bulgaria to Austria via Romania and Hungary (BRHA - PCI 7.15, Project of Common Interest on the first list of PCIs) is significant at the regional level since after commissioning the pipeline will provide integration of gas sources from the Southern Corridor with the Central and Western European markets.

The implementation of this project ensures supply of gas from the Southern Corridor (the TANAP and TAP projects), the LNG terminals and other potential sources to the Balkans, Southern European and Central European countries, thus completing the Vertical Corridor between Greece-Bulgaria-Romania, to Hungary and Central Europe.

The project benefits from EU funding through the EEPR, according to Funding Decision C(2010)5962-06.09.2010, the maximum value of the grant amounting to EUR 4.5 million for the Romanian section and to EUR 4.1 million for the Bulgarian section.

The date of project completion according to the EC Funding Decision is 31.12.2016.

The project includes the building of two gas metering stations (at Giurgiu in Romania and at Ruse in Bulgaria), enabling gas flow in both directions.

The Institutional Communication Department

PRESS RELEASE

On 6 June 2016 the inspectors of the European Commission – Directorate General for Competition and of the Romanian Competition Council came to the headquarters of SNTGN Transgaz SA in Mediaș, the Representative Office in Bucharest and the EU Funds and International Relations Division for the performance of an inspection.

The inspection is based on Art. 20, paragraph (4) of Council Regulation (EC) No. 1/2003 on the implementation of the rules on competition laid down in Articles 81 and 82 of the Treaty which became Art. 101 and 102 of the Treaty on the Functioning of the European Union.

SNTGN Transgaz SA provides support to the representatives of the European Commission – Directorate General for Competition and of the Competition Council by making available to them of all documents and information requested.

                                                INSTITUTIONAL COMMUNICATION DEPARTMENT

PRESS RELEASE

TRANSGAZ AND BULGARTRANSGAZ MADE ANOTHER IMPORTANT STEPT FORWARD IN THE COMPLETION OF THE INTERCONNECTION BETWEEN THE NEIGHBOURING ROMANIAN AND BULGARIAN GAS TRANSMISSION SYSTEMS

On 30 May 2016, Transgaz and Bulgartransgaz signed the contract with the Association INSPET SA – leader – SC HABAU PPS Pipeline Systems SRL – appointed as Contractor of the works for the construction of the DN 500 Back-up Danube Crossing (including the Danube Undercrossing) Pipeline to interconnect the gas transmission systems of Romania and Bulgaria, as a result of the public procurement procedure conducted in compliance with the Romanian applicable laws.

The ceremony for the conclusion of the trilateral contract took place at Transgaz’ Representative office in Bucharest and was attended by the representatives of the two gas transmission systems operators of Romania and Bulgaria as well as by the representatives of the Association INSPET-HABAU.

The Back-up Danube Undercrossing Pipeline to interconnect the gas transmission systems of Bulgaria and Romania will be completed by the end of 2016 and will have a maximum bidirectional capacity of 1.5 bcma.

The completion of the interconnection project Bulgaria-Romania is utterly important in terms of the security of gas supply to the region, allowing for the integration of the Southern Corridor gas sources into the Central and Western European markets.

Corporate Communication Department