Eurotransgaz, the Moldovan division of Transgaz, whose sole associate is Romanian Transgaz SA, was selected as the winner of the privatization process for Moldova’s gas tramsision company, Filip said during a joint press conference with Romanian prime minister Viorica Dancila.
“This investment will help us diversify our natural gas import sources,” said Filip.
Eurotransgaz SRL submitted a bid for the privatization of Vestmoldtransgaz in December 2017. The Moldovan government put Vestmoldtransgaz up for sale for an asking price of around EUR8.8 million and required investments of EUR93 million in the next two years.
Romanian and Moldovan authorities said previously the pipeline connecting Romania’s Iasi to Moldova’s Ungheni would be extended to the capital Chisinau by the end of 2018.