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 transmission system. The infusion of $109 million (€90 million) will be critical to the future success of this Ungheni-to-Chisinau natural gas pipeline in Moldova, with a planned capacity of 53 Bcf/d(1.5 Bcm/d).
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