Seven projects are domestic and two are international and could turn Transgaz into the first Romanian state-owned company to go multinational, said Sterian.
He said Transgaz submitted a bid on December 28, 2017 to acquire Vestmoldtransgaz, the gas transmission company in the Republic of Moldova. The country’s privatization committee is expected to announce the wining bidder this week or the next.
Transgaz is also looking to acquire a 66% stake in Greece’s gas transmission company DESFA in consortium with Spain’s Reganosa. The consortium will submit a binding bid on February 16.
Domestically, Transgaz is developing the Romanian section of the BRUA pipeline. The pipeline will be able to carry 1.75 billion cubic meters of gas from Bulgaria and Romania to Austria by 2019 and 4.4 billion once the second stage is completed in 2022.
Other projects target new developments to transport gas from the Black Sea shore, totaling over EUR280 million, and pipeline developments and upgrades throughout the country, as well as an interconnection line with Serbia, that is due for completion in 2026.