Romania’s natural gas transmission system operator Transgaz posted a significant improvement in its financial results for the first nine months of 2025, with consolidated net profit rising to €136.4 million—almost five times higher than during the same period in 2024. The surge in profitability was driven by strong revenue growth combined with only moderate increases […]
Romania’s gas transmission operator Transgaz has requested an environmental permit to connect the Tuzla-Podisor pipeline—which will transport offshore Black Sea gas to the national grid—with the regional transmission lines T2 and T3. These north-south pipelines link Greece and Bulgaria with Ukraine and Moldova. The project would allow Black Sea gas to flow beyond Romania’s domestic
Romania: Transgaz seeks approval to link Black Sea gas to regional pipeline network Read More »
Romanian natural gas transmission operator Transgaz reported a group-level net profit of 104 million euros in the first half of 2025, marking a 282 percent increase compared to the same period in 2024. Consolidated gross profit also rose sharply, up 272 percent or 77 million euros versus H1 2024. The company’s core performance showed significant
Romania: Transgaz posts €104 million net profit in H1 2025, up 282% year-on-year Read More »
Romanian natural gas transmission system operator Transgaz has successfully completed the Danube River undercrossing, a critical section of the Tuzla-Podisor gas pipeline. The tunnel stretches 1,813 meters and reaches a maximum depth of 67 meters beneath the riverbed, making it one of Europe’s most ambitious horizontal directional drilling (HDD) projects. During construction, engineers encountered unexpected
Romania’s natural gas transmission system operator, Transgaz, and Serbia’s state gas company, Srbijagas, have signed a Memorandum of Understanding (MoU) to advance the development of a gas interconnection between the two countries. The agreement lays the foundation for cooperation by defining the main principles and organizational framework for future joint projects. As part of the
Region: Romania and Serbia sign MoU to launch cross-border gas interconnection Read More »
