This year, Gaz Sud’s majority stockholder Ligatne has acquired Petrom Distributie Gaze from Romanian oil and natural gas company OMV Petrom.
Ligatne, held by Czech investment fund PPF Investments, controls in Romania the group of firms Gaz Sud – Grup Dezvoltare Retele (GDR).
The two firms expect turnover of EUR19 million in 2014, compared to EUR15 million envisaged for 2013. They reported loss of EUR2 million in 2012, but expect a positive result in 2013 and net profit of EUR1 million in 2014.
Gaz Sud’s gas suppliers are WIEE, Axpo and OMV Petrom.
Bucsa also said the newly announced tax on special building structures, which will be levied starting January 2014, translates into additional costs of nearly EUR400,000 a year for the group of firms Gaz Sud and Grup Dezvoltare Retele.
The Romanian government in November announced plans to levy a tax of 1.5% of the asset’s value on “special” building structures, including oil and natural gas wells, drilling platforms, power plants, oil and gas pipelines, mineshafts, electricity poles and telecom cables, etc. So far, these types of constructions have been excluded from the list of taxable assets.