Moldova and Romania signed a protocol on the purchase and sale of Vestmoldtransgaz.
The document was signed in Chisinau. According to the protocol, Moldova should be paid 180.2 million lei based on this transaction. The Romanian national operator of the gas transmission system Transgaz, which bought Vestmoldtransgaz, will have to complete the construction of the Ungheni-Chisinau gas pipeline, investing about 93 million euros. Work on the construction of the Ungheni-Chisinau gas pipeline will begin upon completion of the procedures for the reorganization of the State Enterprise Vestmoldtransgaz after its privatization by Eurotransgaz Moldova, a subsidiary of Trangaz România. The change in the organizational and legal form of the enterprise from a state-owned enterprise to a limited liability company (LLC) will be carried out soon. Recall that the agreement on the privatization of the State Enterprise Vestmoldtransgaz by the Romanian company Transgaz was signed on March 28, 2018. Transgaz undertook the responsability to build the Ungheni-Chisinau gas pipeline during a maximum period of 2 years. Tenders for the procurement of materials and services required for the construction of the Ungheni-Chisinau gas pipeline will be held in the first decade of September. According to the press service of the government, construction work will begin immediately after the tender is completed. The Ungheni-Chisinau gas pipeline will complete the connection of the gas transmission systems of Romania and Moldova, being the continuation of the first part of the Iasi-Ungheni gas pipeline commissioned in 2014. The system with a length of 120 km, will annually transport about 1.5 billion cubic meters to Moldova. and natural gas from Romania. /06.09.2018 - InfoMarket.