March 2021, Vol. 248, No. 3


Cash Infusion Provides Push for New Central European Gas Pipe

By Gordon Feller, P&GJ Contributor  In August, the European Bank for Reconstruction and Development (EBRD) acquired a 25% stake in Vestmoldtransgaz. As Moldova’s state-owned pipelines operator, the company is responsible for Moldova’s newly built 74.5-mile (120-km) Ungheni-Chisinau gas pipeline.  EBRD acquired their new stake from Transgaz, the parent company of Vestmoldtransgaz, for $24.2 million (€20 million).  Established in 2014, Vestmoldtransgaz offers natural gas transport services because it owns and manages a gas pipeline network in Moldova. In 2018, the company was acquired by Eurotransgaz, a subsidiary of SNTGN Transgaz, a company that operates the Romanian natural gas

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