Nastase would have Russians for Distrigaz

The privatisation of the Romanian gas distribution companies should be done with a company from Russia, given that the largest amounts of natural gases are imported from this country, Prime Minister Adrian Nastase said. “I think things should be very clear and very simple. The gas comes from Russia, so I find it only natural that the distribution should be handled by and the privatisation concluded with a company from Russia, under competitive conditions if the Russians become competitive, of course. We may very well bring a distributor from New Zealand that cannot buy gas from Russia afterwards, so what will it distribute then?” the Premier said during the Pro Vest (Pro West) show on Pro TV. The Economy Ministry has recently put Distrigaz Nord and Distrigaz Sud up for privatisation. The solution chosen in this case is to sell 30% to a strategic investor directly and have it boost its stake to 51% following a capital increase. ZF