The shareholders have decided not to approve the future development plan, as it does not contain enough details on investments and funds availability for the period.

Transgaz published a document in which they state that their shareholders have decided not to approve the 2018 – 2027 development plan, as it does not contain enough details on investments and funds availability for the period. The shareholders stated that it is necessary to be accompanied with information regarding investments ensuring the development of the transmission network on the territory of Romania, current infrastructure investments and the investments necessary for meeting the commitments to the European Commission (such as the achievement of the interconnection with the undertaken volumes and technical parameters), and the acceptability of the undertaken financial effort.

To read more about Transgaz’ 2018 preliminary results click here.