Conclusion of a Cooperation Agreement between Transgaz and GRTgaz
29.04.2016
PRESS RELEASE
The National Gas Transmission Company ”TRANSGAZ” SA notifies all stakeholders that the economic-financial results for 2015 as contemplated in the Annual Financial Statements and in the Report of the Board of Administration were approved by the General Ordinary Shareholders’ Assembly - convened on 29.04.2016.
The results achieved in 2015 prove that the indicators established under the mandate contracts were exceeded by over 10-15%.
Therefore, Transgaz’ outstanding financial performance for 2015 is reflected in the following indicators:
The main drivers for the company’s significant performance for 2015 are as follows:
The company’s Administration Plan for 2015 contemplated an estimated investment volume of Lei 352,200 thousand, out of which investments amounting to Lei 239,554 thousand were implemented in 2015, i.e. an achievement level of 68%. The savings which have been made for the last years by the proper planning of investments, except for the urgent works strictly required to secure the safe operation of the National Gas Transmission System, lay the solid foundations for the equity funding of the company’s strategic importance projects.
In this context, the company succeeded to obtain, based on extensive negotiations (of about 2 years), one of the most considerable EU grants and the highest amount to be individually allocated to a Romanian company, i.e. Euro 179 million for the implementation of the BG-RO-HU-AT Corridor (BRUA Project).
TRANSGAZ’ General Ordinary Shareholders’ Assembly within the meeting on 29.04.2016 approved the company’s annual financial results for 2015 and acknowledged the Report of the Nomination and Remuneration Advisory Committee on the remuneration and other benefits granted to the company’s administrators and directors in 2015. The compensation of the managerial team for the relevant performance during 2015 amounting to Lei 2.82 mil represents the sole remuneration of the members of Transgaz’ Board of Administration.
TRANSGAZ’ Administrators have undertaken the achievement of the following fundamental goals:
TRANSGAZ is the technical operator of the Romanian National Gas Transmission System implementing the national strategy for domestic and international gas transmission, gas dispatching as well as research and design, under conditions of efficiency, transparency, safety, non-discriminatory access and competitiveness, in compliance with the Romanian and EU standards and laws on quality, performance, environment and sustainable development.
CORPORATE COMMUNICATION DEPARTMENT
PRESS RELEASE
Transgaz and Bulgartransgaz signed on 6 April 2016 the contract with the Austrian company SC HABAU PPS Pipeline Systems SRL – the winner of the public procurement procedure, developed according to the Bulgarian legislation, with the subject:” Construction of a main gas pipeline DN 500 of the Danube Crossing (including the Danube Undercrossing) to interconnect the gas transmission systems of Romania and Bulgaria”
The contract signing ceremony was hosted by Bulgartransgaz EAD at the company’s headquarters in Sofia, in the presence of representatives of the two gas transmission operators in Romania and Bulgaria. The honorable Bulgarian Minister of Energy, Mrs. Temenuzhka Petkova, attended the event.
The main Danube undercrossing pipeline to interconnect the gas transmission systems in Bulgaria and Romania will be completed in 119 days since the contract with the Austrian company SC HABAU PPS Pipeline Systems SRL is signed and it will have a maximum bidirectional capacity of 1.5 bcm/y.
Transgaz and Bulgartransgaz took an important step in the process related to the completion of the interconnection of the neighboring gas transmission systems in Bulgaria and Romania.
The completion of the interconnection project Bulgaria-Romania is of outmost importance from the perspective of the security of gas supply in the region, generating the premises of the integration of the gas sources from the Southern Corridor in the markets from Central and Western Europe.
INSTITUTIONAL COMMUNICATION DEPARTMENT
Natural gas transmission system operator companies SNTGN Transgaz SA, FGSZ Zrt. and Gas Connect Austria GmbH consider to jointly conduct a binding open season for the booking of new or incremental cross-border transmission capacity at the Romanian-Hungarian border and the Hungarian-Austrian border, in both flow directions. The preparatory process is supported by the respective national regulatory authorities, i.e. ANRE (Romania), HEA (Hungary) and E-Control (Austria). All involved TSOs published the same survey electronically either via an electronic form [link] or as a downloadable document. In case you choose to fill in the attached document, please submit it to the following email address: marketsurvey.BRUA2016@transgaz.ro
The deadline for the submission of answers is 22 February 2016, 16:00.
SNTGN TRANSGAZ SA notifies all parties concerned that during the CEF – Energy Coordination Committee meeting held on 19.01.2016, the EU Member States approved the European Commission’s proposal to grant Euro 217 million to 15 key projects for trans-European energy infrastructures, most of them in Eastern and Central Europe, out of which 9 projects in the gas sector, following an extensive procedure for the selection of the submitted projects.
Out of this amount, the European Union allocates Euro 179.3 million for the fulfillment of the first stage of the project proposed by Transgaz which was included in the PCI List 1/2013 ″Gas pipeline from Bulgaria to Austria, via Romania and Hungary″ named: according to the Gas Transmission System Development Plan 2014 – 2023 (TYNDP) - ″The development on the Romanian territory of the Gas transmission system on the transmission corridor Bulgaria – Romania – Hungary – Austria” – (abbreviated BRUA) – first stage.
The allocation of Euro 179.3 million represents 40% of the estimated eligible amount.
This first step significantly impacts both the company and the country as the BRUA project will contribute to the integration of the European energy markets, to an increased security of gas supply to Bulgaria, Romania, Hungary and Austria, to the diversification of gas supply sources in the region by facilitating access to the Caspian gas, the LNG supply through Greece and Bulgaria and it will ensure the future regional access to the potential Black Sea gas sources. Thus, the project ensures diversification of gas supply routes and elimination of the energy isolation of some of the Member States.
Considering Transgaz major importance and complex identity at national and European level, the company’s private management, from the very beginning of their mandate, have endeavored to achieve the multiple tasks deriving from the strategic commitments under the company’s Administration plan for the period 2013-2017. Thus, by the Ten Year National Gas Transmission System Development Plan, Transgaz proposes major investment projects for the strategic and viable development of the gas transmission infrastructure in Romania and its compliance with the applicable European regulations.
The medium and long term investment program, estimated to Euro 1 billion, is a major challenge for the company and for the Romanian energy industry but at the same time it is a strategic necessity in the current geo-political context. Taking into account the importance of strategic investments for the development of the national energy sector, so as to ensure a competitive funding of its most significant projects, Transgaz dedicated a professional department to European funds accession and to international relations.
The investment projects under the company’s Ten Year National Transmission System (NTS) Development Plan, are strategic projects to be initiated and implemented only subject to additional gas volumes allowing for a potential increase in the company’s asset base without any impact on the tariffs for the consumers.
The submitted application consisting of documents which had been drawn up for over 1 year was evaluated by European experts and qualified for financing due to its quality, eligibility and scoring as compared to other projects, in full compliance with the requirements of the financer and of the European Energy strategy.
The European co - funding of the BRUA project - first stage is a success due to the professionalism of the experts of the European Funds and International Relations department and of Transgaz’ specialists who contributed with their expertise during the entire preparation process.
SERVICIUL COMUNICARE ŞI RELAŢII PUBLICE
SNTGN Transgaz SA Mediaș notifies all interested parties of the approval, according to Order 136/14 august 2015 issued by the National Regulatory Authority for Energy (NRAE) of regulated revenue, total revenue and transportation tariffs for transportation of natural gas through the National Transportation System for the fourth year of the third regulatory period (1 October 2015 – 30 September 2016). (...)