The Vestmoldtransgaz takeover by Transgaz has been concluded on September 6, minister of Economy announced, as quoted by Digi24. The deal has been inked in Chisinau after the final documents of the transaction have been signed by the Moldovan authorities and the representatives of Eurotransgaz, the subsidiary of Transgaz in the Republic of Moldova.
Romanian minister of Economy, Danut Andrusca says that he expects now Transgaz will focus on finalizing the Ungheni-Chisinau gas pipeline in due time.
The Ungheni-Chisinau gas pipeline stretches on 120 kilometers, involving four stations of adjusting and measuring the gas pressure, a two-way gas measure knot and an administrative building.
„The relevance of the Transgaz’s involvement in buying Vestmoldtransgaz is related to the financing, building and exploiting the Iasi-Ungheni interconnection under predictability and safety conditions,” said the Romanian minister.