TRANSGAZ Medias (TGN) and BULGARGAZ are carrying on negotiations on gas system interconnections
09.06.2008
Yesterday, TRANSGAZ Medias and the Bulgarian state company – BULGARGAZ started negotiations on the project for the interconnection of the two countries’ gas transmission systems, according to Rompres. A number of methods for the gas grid interconnection were proposed within the initial stages of the negotiations. One of such methods refers to the building of a 20 km gas pipeline, or another shorter variant would be to build a gas pipeline connecting Giurgiu-Russe regions. In January 2008, TRANSGAZ and MOL Hungary concluded a memorandum for the interconnection of the gas grids between Arad-Szeged to be concluded in 2009. The pipeline shall be of 61.7 km, of which 36.7 have already been built, thus allowing Romania to export gas to external markets, respectively to import gas from other routes than the two current Ukrainian connections. TRANSGAZ is the operator of the Romanian National Gas Transmission System including over 11,800 km of main gas transmission pipelines and supply joints, 29 valve control stations and technological nodes, over 850 metering-regulating stations for the gas operated by the NTS operator, over 950 meters and metering devices of gas amounts for commercial operations, 2 import gas metering stations, 6 gas compressor stations, over 800 cathodic protection stations and over 570 gas odoration equipment. The company gained a net profit of Lei 92.028 million in the first quarter of this year, by 0.16% higher than last year. The company’s turnover increased to Lei 317.9 million during the first months of this year. Furthermore, the operating revenues increased by 14%, to Lei 321.9 million, while the operating expenses raised by 24%, amounting to Lei 282.3 million. Revenues rose both as a result of the increase in the gas transmission regulated tariffs and the increase in the gas transmitted amounts by 193 mcm. (Stock Exchange)
TRANSGAZ (TGN) shall invest Lei 225 million in gas pipeline replacement works
04.06.2008
TRANSGAZ shall invest approx. Lei 225 million, VAT excluded, in the replacement of the NTS gas pipelines, by means of works awarded following open tender process, according to the data displayed by the company on the public procurement website.“Such amount stands for a total volume of works which may be contracted by such procurement. Some of the pipelines are old.Moreover, there are pipelines requiring replacement as the proximity distance is no longer observed”,stated Mr. Ioan RUSU, TRANSGAZ’ Director General, for NewsIn. A framework agreement for three years shall be concluded with three economic agents. TRANSGAZ also informs that the tender process is open. (Business Standard)
TRANSGAZ (TGN): Business increase by 14% and standstill profit in T1
15.05.2008
TRANSGAZ’ profit in the first quarter of this year came to a standstill as opposed to the same period of last year, i.e. Lei 92,03 million (EURO 24.94 million) while the expenses increasing more quickly than the revenues, as per the financial results published by the Company on Wednesday. In the first quarter of 2007, TRANSGAZ gained a net profit of Lei 91.9 million. TRANSGAZ business grew in the first three months by 14% amounting to Lei 317.9 million (EURO 86.15 million) as opposed to the same period of last year, when the company reported a turnover of Lei 277.95 million.TRANSGAZ revenues increased in the first three months by approx. 15%, amounting to Lei 324.05 million (EURO million 87.82) as opposed to the similar period of 2007, when the returns of the NTS Operator amounted to Lei 282.33 million.On the other hand, the company’s expenses rapidly increased by 25% to Lei 215.18 million (EURO 58.3 million), after the first quarter of 2007 TRANSGAZ expenses amounted to Lei 172.47 million. Based on the data provided on TRANSGAZ webpage, the company’s returns for the first quarter exceeded the estimated values, but the expenses and incomes were lower than as budgeted.TRANSGAZ estimates business operations of Lei 1.24 billion (EURO 345.84 million) and profits of Lei 269.23 million (EURO 74.9 million), based on an investment budget of Lei 587.26 million (EURO 163.58 million). The gas transmission operator’s share capital is of Lei 117.74 million, split into 11.77 million shares with a nominal value of Lei 10. The Ministry of Economy and Finance holds only 75% of TRANSGAZ share capital, Fondul Proprietatea (The Ownership Fund) maintained its percentage of 15%, while the rest of 10% represents free-float to be traded on the Stock Exchange Bucharest. The company’s market value is of Lei 2.57 billion (EURO 701 million) according to the latest quotation of Lei 218.50, fixed within the last trading session on May 14th.TRANSGAZ securities are traded within the first category of the Stock Exchange under the “TGN” symbol. (Wall Street)
Half of TRANSGAZ profit appropriated for dividend payments
06.05.2008
Transgaz security holders shall receive dividends related to the last year on May 9th, 2008. TRANSGAZ appropriated half of the profit gained during the previous year for dividend payments. Within the session on April 21st, the management of the gas transmission operator proposed to grant to its shareholders gross dividends of Lei 9.66 each/share of the company’s profit for 2007. TRANSGAZ appropriated Lei 113.73 million, i.e. 50.77% of last year’s net profit for dividend payments. Within such session, the shareholders also approved the balance for the next year and the date of May 9th, as a registration date for the identification of shareholders subject to the Decisions of the General Shareholders’ Assembly. Based on the preliminary results, last yearTRANSGAZ registered a net profit of Lei 224.34 million (EURO 67.2 million), decreasing by 5.7% as opposed to 2006 when such profit was of Lei 286.29 million. In 2007, the turnover of the gas transmission operator increased by 14.28%, amounting to Lei 1.04 billion.TRANSGAZ was incorporated in 2000 and it is one of the five members of the Nabucco project beside BOTAS (Turkey), BULGARGAZ (Bulgaria), MOL (Hungary) and OMV (Austria). Transgaz is the operator of the National Gas Transmission System which consists of over 11,800 km of main gas pipelines and supply joints, 29 valve control stations and technological nodes, over 850 metering-regulating stations for the gas operated by the NTS operator, over 950 meters and metering devices of gas amounts for commercial operations, 2 import gas metering stations, 6 gas compressor stations, over 800 cathodic protection stations and over 570 gas odoration equipment. TRANSGAZ security holders shall receive dividends on May 9th, 2008. TRANSGAZ’ shareholders approved gross dividends of Lei 9.66 each to be granted for 2007. The company shall appropriate over Lei 113.7 million to its shareholders, i.e. half of the profit for the previous year. (Tribuna)
TRANSGAZ, investment of EURO 15 million
24.04.2008
The National Gas Transmission Company, TRANSGAZ SA Medias planned to build a gas transmission pipeline between Vaslui and Iasi across highway no. 400, the costs thereof amounting toLei 53.5 million (over EURO 15 mil.). The company shall launch an open tender process on June 5th for the selection of a contractor to build such pipeline within 12 months, based on data provided by TRANSGAZ. The pipeline shall be financed from TRANSGAZ own sources. Last year, the company registered a net profit of Lei 224 million. (Business Standard)
TRANSGAZ (TGN) shall grant a gross dividend of Lei 9.66/share to shareholders
22.04.2008
The Romanian Gas Transmission System Operator shall appropriate 50.77% of last year’s net profit, i.e. of Lei 224 million for dividend payments of Lei 9.66/share, according to the press release issued for the Stock Exchange. The shareholders registered in the Shareholders’ Register until May 9th shall receive dividends. Last year, Transgaz business amounted to Lei 1.04 billion, increasing by 14% as opposed to 2006. the company’s net profit decreased by 5.7% to Lei 224 million. TRANSGAZ was incorporated in 2000 and it is one of the five members of the Nabucco project company, besides BOTAS (Turkey), BULGARGAZ (Bulgaria), MOL (Hungary) and OMV (Austria). Transgaz is the operator of the National Gas Transmission System which consists of over11,800 km of main gas pipelines and supply joints, 29 valve control stations and technological nodes, over 850 metering-regulating stations for the gas operated by the NTS operator, over 950 meters and metering devices of gas amounts for commercial operations, 2 import gas metering stations, 6 gas compressor stations, over 800 cathodic protection stations and over 570 gas odoration equipment. The gas transmission operator’s share capital is of Lei 117.7 million, split into 11.77 million shares having a nominal value of Lei 10. The main shareholder is the Ministry ofEconomy and Finance, holding 75% of TRANSGAZ share capital, Fondul Proprietatea (The Ownership Fund) holding 15%. The company’s market value is of Lei 2.55 billion according to the latest quotation of Lei 217, fixed within the trading session on May 18th. TRANSGAZ securities are traded within the first category of the Stock Exchange under the “TGN” symbol. (Wall Street)