Romanian natural gas transmission system operator Transgaz has made its first steps abroad after the Moldovan Prime Minister Pavel Filip announced that the company has won the bid for the privatization of Vestmoldtransgaz, the company that operates the Iasi-Ungheni gas pipeline.
After the acquisition of Vestmoldtransgaz, Transgaz will have the full control of the gas interconnection between Moldova and Romania, including the future extension of the Iași-Ungheni pipeline until Chisinau. The company will be operated through Transgaz’ Moldovan subsidiary EuroTransgaz. Vestmoldtransgaz was put up for sale by Moldovan government for some 9 million euros and the selected bidder will have to invest 93 million euros within the next two years.
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