Back in September 2019, Transgaz signed an agreement with Austrian Central European Gas Hub AG, the operator of the Virtual Trading Point in Austria, to establish Romanian stock company “Romanian Gas Hub”, a joint venture to become the operator of the Romanian Virtual Trading Point.
Transgaz will hold 51% in the new company, while Austrian Central European Gas Hub will hold 49%.
The goal of the company is to create a new infrastructure for the trading of natural gas in Romania and Transgaz has invited gas producers Petrom and Romgaz to become shareholders in the new company. It has also invited CEC, Eximbank, the Romanian Commodities Exchange, the Bucharest Stock Exchange and energy exchange OPCOM.