Transgaz has officially approved the strategic plan for 2019 – 2028, which includes investments of 4 billion euro; final approval of ANRE follows

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Bogdan Tudorache

Transgaz shareholders approved with 97% of the votes the Development Plan of the National System of natural gas transportation between 2019 and 2028, which includes investments of over 4 billion euros.

The plan was approved in the initial procedure and will be submitted for approval by the market regulatory body, ANRE, according to the OGMS convener. Also, during the meeting of the Shareholders’ Meeting, the shareholders approved the membership of Transgaz to the Employer’s Federation of Petroleum and Gas (FPPG).

The plan foresees investment projects estimated at about 4.03 billion euros, “projects that will result in the creation of new corridors of natural gas transportation essential for the transport, both on the domestic market and on the markets in the region, of the quantities of natural gas discovered in the Black Sea, but also for the integration of Romania into the great cross-border routes of the South-East / North-South Corridor of Europe,” according to Transgaz.

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