News and announcements

During March 3rd – 4th, 2008 The National Gas Company, ROMGAZ SA, in co-operation with The National Gas Transmission Company, TRANSGAZ SA, organised the first work session on “Sustainable Development – A Joint Objective”. Ms. Maria DOBROTA, on behalf of the Regional Agency for Environmental Protection, Sibiu and Mr. Nicolae SIMESCU, as member of TRANSGAZ’ Board of Administration participated in the above mentioned event, as guests. Such first meeting was meant to introduce environmental protection policies and achievements thereof, to ensure experience exchange in order to improve the environmental performance of the two companies. The meeting was deemed highly successful and therefore the companies decided to set systematic meetings, the following being planned for the second semester of the current year.

 The National Gas Transmission Company, TRANSGAZ SA Medias, notifies investors that the first meeting between the company’s management and over 30 financial analysts, representatives of key financial - banking institutions and investment funds, was held in Bucharest on February 26th, 2008.

With the purpose of fulfilling its obligations regarding the assurance of natural gas supply security by building interconnections with the gas transmission systems of the neighbouring countrie, as well as with the purpose of achieving the investment objectives specified within the development strategy and the minimal investment programe established for 2007 - 2012, Transgaz, as the operrrator of the National Transmission Sustem, concluded on January 22nd, 2008, in Szeged-Hungary, a Memorandum of Understanding with the Hungarian company MOL, for the completion of the interconnection pipeline between the two transnission sustems, on the Arad - Szeged rouse. The technical parameters of the interconnection pipeline on Romanian territory are: total length - 61.7 km (out of which 36.7 km already built); nominal diameter -700 mm. The concluded Memorandum specifies the steps which are to be taken by the two Parties in order to achieve the construction and commissioning of the interconnection by the end of 2009.

With the purpose of fulfilling its obligations regarding the assurance of natural gas supply security by building interconnections with the gas transmission systems of the neighbouring countries, as well as with the purpose of achieving the investment objectives specified within the development strategy and the minimal investment program established for 2007 - 2012, Transgaz, as the operator of the National Transmission System, concluded on January 22nd, 2008, in Szeged-Hungary, a Memorandum of Understanding with the Hungarian company MOL, for the completion of the interconnection pipeline between the two transmission systems, on the Arad - Szeged routte. The technical parameters of the interconnection pipeline on Romanian territory are: total length - 61.7 km (out of which 36.7 km already built); nominal diameter - 700 mm.The concluded Memorandum specifies the steps which are to be taken by the two Parties in order to achieve the construction and commissioning of the interconnection by the end of 2009.