Romania Approves Transgaz Transport Revenue Increase for 2012

Romania’s energy-market regulator approved a 2012 transport-revenue increase of almost 5 percent for natural-gas grid operator Transgaz SA (TGN), before a planned sale of a minority stake in the company.

The utility’s transport revenue for this year was set at 1.146 billion lei ($323 million) by the regulator, from 1.09 billion lei posted last year, according to a June 1 decision posted on the National Energy Regulatory Authority’s website.

Transgaz’s transport revenue and tariffs are set by the authority over regulatory periods. The next regulatory period is from 2012 through 2017.

Romania’s government plans to sell a 15 percent of Transgaz through the Bucharest Stock Exchange by the end of June to meet the terms of precautionary loans from the International Monetary Fund and the European Union. It will try to sell state energy assets this year, as Europe’s debt crisis roils global stock markets.

To contact the reporter on this story: Irina Savu in Bucharest at isavu@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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