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flag Israeli company Hagag Energy enters Romania’s gas market, investing €400M to expand networks and create 200 jobs.

flag Hagag Europe Development, an Israeli firm, has entered Romania’s natural gas market by acquiring BTD Distribuție și Furnizare, launching a new energy division under the Hagag Energy brand. flag The company plans to invest over 400 million euros in expanding natural gas distribution networks, aiming to commission 64 new networks within 24 months and create at least 200 jobs by 2027. flag It currently operates three networks and has 67 contracts across various stages of development. flag The move supports Romania’s energy infrastructure growth, where domestic gas meets 70% to 80% of consumption.

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