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TGN - Societatea Nationala De Transport Gaze Naturale Transgaz SA News Story

RON219.5 3.0  1.4%

Last Trade - 03/12/21

Market Cap £446.9m
Enterprise Value £738.5m
Revenue £221.7m
Position in Universe 76th / 804

EU accepts Transgaz offers to ease natural gas exports from Romania

BRUSSELS, March 6 (Reuters) - The European Commission said
on Friday it had accepted the commitments of Romanian gas
pipeline operator Transgaz  ROTGN.BX  to boost natural gas
exports particularly to Hungary and Bulgaria.
    The European Commission, which oversees competition policy
in the 27 member European Union, opened a probe in June 2017
into concerns Transgaz may be hindering gas exports by
underinvesting in infrastructure or through tariffs.
    Transgaz had however committed to make available capacity at
interconnection points.
    "This will promote the free flow of gas at competitive
prices in South Eastern Europe and is a further step towards a
single European energy market," the EU antitrust chief Margrethe
Vestager said in a statement.
    Romania is the third largest natural gas producer in the
bloc, behind the Netherlands and Britain.

 (Reporting by Marine Strauss @StraussMarine; editing by Philip
Blenkinsop)
 ((Marine.Strauss@thomsonreuters.com; +32 2 287 6830; Reuters
Messaging: marine.strauss.thomsonreuters.com@reuters.net))
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