Romanian company EuroTransgaz filed request for participation in privatization of Vestmoldtransgaz

The Romanian company Transgaz filed an application for participation in the privatization of Vestmoldtransgaz. The organization is the operator of the Iasi-Ungheni gas pipeline, commissioned in 2014.

The Public Property Agency sold the Vestmoldtransgaz for 180 million lei - the equivalent of 8.8 million dollars. The condition is that the future owner will invest 93 million euros in the next 2 years.

The amount is similar to that needed to prolong the gas pipeline from Ungheni to Chisinau. The pipeline will have a length of 120 kilometers and will be able to transport annually 1.5 billion cubic meters of gas from Romania to Moldova.


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