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PRESS RELEASE

SNTGN Transgaz SA and VESTMOLDTRANSGAZ concluded a

Cooperation Agreement

Yesterday, 24.08.2016, SNTGN TRANSGAZ SA and VESTMOLDTRANSGAZ, the gas company of the Republic of Moldova signed a Cooperation Agreement in Chisinau, in the field of the interconnection of gas transmission systems.

The event took place on the occasion of the meeting of the Moldavian-Romanian Group in the energy field for the implementation of the projects necessary for the interconnection of the gas and electricity networks in the two countries.

The document signed by Mr. Ion Sterian – Chairman of Transgaz’ Board of Administration and by Mr. Iurie Dolghier – the Administrator of Vestmoldtransgaz stipulates the general principles related to the cooperation of the two gas transmission system operators, mainly for the development of the project related to the interconnection of the gas transmission systems in Romania and the Republic of Moldova.

 During the meeting of the joint group, the specialists of the Ministry of Economy of the Republic of Moldova, the Ministry of Economy, Commerce and Business Environment Relations and of the Romanian Ministry of Energy approached mostly the draft of the Regulation related to the operation of the Coordination group in the investment field and the procedure for its approval, aspects related to financing design works and the establishment of Transgaz’ Representative office in Chisinau.

The specialists of the joint group in the investment field are coordinated by the Vice minister of Economy Valeriu Triboi and by the President of the Department of Privatization and State Property Administration from the Ministry of Economy, Commerce and Business Environment Relations in Romania, Mihaela Preda.

SNTGN Transgaz SA is the technical operator of the national gas transmission system and it is responsible for its operation under quality, safety, efficiency and environmental conditions.

Corporate Communication Department

                                                 PRESS RELEASE

SNTGN Transgaz SA Mediaș informs all those concerned of the following:

1. By Order No. 39/10 August 2016 issued by the National Energy Regulatory Authority it was approved the regulated revenue, the total revenue and the transmission tariffs for gas transmission activity  the National Transmission System for the fifth year of the third regulatory period (1 October 2016 - 30 September 2017).

The total revenue approved for gas year 2016-2017 amounts to RON 1.101.667,33 thousand, similar to the previous gas year.

The diminishing of the gas transmission tariffs for the short-term (quarter, month, day) capacity booking products, as compared to the tariffs for the short-term capacity booking products of the previous gas year, and the seasonality specific to the gas transmission activity are factors which lead Transgaz to estimate the decreasing of the 2016 – 2017 gas year regulated revenue recovery from the using of the long-term booking products as compared to the previous gas year.

This re-orientation of the network users in the direction of using the short-term capacity booking products will have an impact on the achievement of revenue from the gas transmission activity in the sense of increasing revenue from the transmission activity during the winter season quarters and diminishing of revenue from the transmission activity during the summer season quarters.

2. By Order No. 40/10 August 2016 issued by the National Energy Regulatory Authority it was approved the total revenue amounting to RON 56,2 million and the transmission tariffs for gas transmission through the Isaccea 1 – Negru Vodă 1 pipeline for the period 1 October 2016 - 30 September 2017. These tariffs will be used as start-up price in the auctions organized compliant with Order No. 34/2016 of the National Energy Regulatory Authority.

THE INSTITUTIONAL COMMUNICATION DEPARTMENT

Press release

Press release 22.07.2016