Transgaz stock: Kawasaki hydrogen project estimated at 21 million euros

Transgaz and Kawasaki Heavy Industries signed a memorandum on October 23, 2026, for a hydrogen transport demonstration in Romania, according to Pipeline & Gas Journal. The project is estimated at 21 million euros and will test Kawasaki's centrifugal hydrogen compressor in a closed-loop system.

Technology partnership takes shape

The first phase is designed to demonstrate the onshore transport of pure hydrogen with Kawasaki's KM Comp-H2 compressor. An electrolyzer is also planned for Transgaz's ROHYD pilot, which examines hydrogen and natural-gas blends in the national transmission system.

The memorandum does not yet set the project site, the division of responsibilities or the timetable. Those details are expected in a subsequent project agreement, making that agreement the next concrete milestone for investors following the initiative.

Hydrogen infrastructure remains long term

Transgaz said its ten-year transmission-system development plan includes more than 4.9 billion euros of projects to repurpose natural-gas infrastructure for hydrogen blended with natural gas. The company also wants Kawasaki to establish compressor manufacturing in Romania. The project therefore adds a technology and infrastructure angle to Transgaz's longer-term decarbonization strategy, but the memorandum itself does not establish operating revenue or a final investment decision.

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Romanian transmission network operator

Transgaz operates Romania's national natural-gas transmission system and develops infrastructure for gas transport, according to the company's company website. Its activities include preparing the network for hydrogen and other lower-carbon gases. The business is positioned around regulated transmission infrastructure and regional energy corridors rather than gas production or retail sales.