“In accordance with Article 234(1)(i) of Financial Supervisory Authority Regulation No. 5/2018, SNTGN Transgaz SA reports the conclusion of an addendum to the financing contract with Banca Transilvania, whereby the duration of the contract was extended by two years and the loan margin was reduced, without amending the other contractual clauses. The above-mentioned financing contract was notified to all interested parties by the current report of 16 July 2020,” the report reads.
Transgaz has earmarked EUR4.16 billion for 13 major investment projects related to gas transmission, scheduled for completion in 2025-2033, in line with data included in the Development Plan for the National Gas Transmission System. In terms of gas transmission, the biggest projects envisage the phased capacity increase of the Bulgaria-Romania-Hungary-Austria bidirectional transmission corridor, namely BRUA-Phase III (EUR855 million), which should be completed in 2029, and Eastring-Romania gas pipeline Phase 1 (EUR1.3 billion) estimated to be finalized in 2028. At the same time, 10 major projects for hydrogen transport amount to EUR4.94 billion and the deadline at the latest is 2042. Also, six major storage projects have a total cost put at EUR675 million and are due to be completed in 2032.
TGN shares have traded 170% higher so far in 2025, triggering a market capitalization of RON12 billion.