ANNUAL REPORT OF “TRANSGAZ” MANAGEMENT INDIVIDUAL ...

SNTGN “TRANSGAZ” SA Medias Annual Management Report for 2007
6.6. The procedures for gas acquisition and storage meant to balance the NTS were
started on March 17 th , 2008, as an obligation provided under Gas Law no. 351/2004.
6.7. Achievements related to the Nabucco project:
- Change of Transgaz’ interest share in the Nabucco project as of March 5 th , 2008,
from 20% to 16.67% as a consequence of a new shareholder’s accession, i.e
RWE Gas Midstream GmbH Germania;
- Increase in the capital held by Transgaz as a shareholder of the Nabucco Gas
Pipeline International GmbH, from Euro 7,000 to Euro 127,000, by application
of a financing mechanism which ensures the relocation, upon the end of the
financial year, of the amounts trimestrially transferred from the reserves account
to the share capital account of the Nabucco Gas Pipeline International GmbH.
Nicolae Turdean,
Chairman of the Board of Administration
Ioan Rusu,
Director General
Radu Moldovan
Director of the Economic Division
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