News

The National Gas Transmission Company TRANSGAZ S.A. informs all those interested that in the meeting held on December 9, 2009, the Romanian Government has approved the Bill regarding the ratification of the Intergovernmental Agreement on the Nabucco Pipeline, concluded in Ankara on July 13, 2009 between Romania, Austria, Bulgaria, Hungary and Turkey and its forwarding for an emergency debate in the Romanian Parliament. Transgaz SA Medias is the company that represents Romania in the Nabucco Project, which, along with the companies OMV (Austria), MOL (Hungary), Bulgargaz (Bulgaria), Botas (Turkey) and RWE (Germany), holds an equal share of 16.67% of the share capital of the company Nabucco Gas Pipeline International, as the others. Nabucco Pipeline will transport the natural gas from the Caspian region and Middle East to Central Europe through five countries: Turkey, Bulgaria, Romania, Hungary and Austria, having a total length of 3300 km.

Under Art. 227 of amended Law no.297/2004 on capital market and Art. 113, case D, paragraph 2 of Regulation no. 1/2006 of the Romanian National Securities Commission on security issuers and operations, amended by Regulation no. 31/2006 of the Romanian National Securities Commission, TRANSGAZ notifies all interested parties that the QUARTERLY REPORT for the 1st semester, 2009, is available as of August 7th, 2009, as follows:

• In soft copy – on TRANSGAZ website, at www.transgaz.ro (link – Shareholding, periodic reports – quarterly reports
• In hard copy – at TRANSGAZ head office, in Medias no. 1, C.I. Motas Sq., county of Sibiu – Shareholding and Capital Market Department

SEMESTRIAL REPORT ON TRANSGAZ ECONOMIC-FINANCIAL ACTIVITY AS AT 30.06.2009

Under capital market specific laws, i.e.:

• Art. 113, case D of Regulation no. 1/2006 of the Romanian National Securities Commission on security issuers and operations, amended by Regulation no. 31/2006 of the Romanian National Securities Commission;
• Art. 96, Section 2 – Periodic data supply – Bucharest Stock Exchange Rulebook;
• Art. 224 of amended Law no. 297/2004 on capital market.

TRANSGAZ notifies all interested parties of the 1st Quarter Report 2009, consisting of:

• Statement of the company’s management on the financial statements closed on 30.06.2009;
• Report on the quarterly report approval;
• Statement of assets, liabilities and equity as at June 30th, 2009;
• Profit and loss account as at June 30th, 2009;
• Informative data as at 30.06.2009;
• Quarterly report on TRANSGAZ’ economic and financial activity as at 30.06.2009;
• Note on the individual financial statements for the period ended on 30.06.2009;
• The financial statements included in the 1st Quarter Report 2009 are non-audited.

As technical operator of the National Transmission System SNTGN TRANSGAZ MEDIAŞ must ensure the secure and effioient transmission of the natural gas taken at the inlet points from the producers and from the storage operators, and respectively at the cross-border import points to the delivery points - to the supply operators - and has no rîght to proceed to commercîal operations with this natural gas.

On November 20th, 2008 the natural gas transmission companies had a meeting in Budapest for discussing the measures which should be taken in order to create a more liquid gas market in Central and S-E Europe, NETS Project regarding the European energy infrastructure.