Electrica and Romgaz will develop together green energy production and storage capacities with an installed power of up to 400 MW, exclusively via greenfield-type projects, on the basis of a memorandum signed on Tuesday, September 9.
Romanian state-owned natural gas producer and supplier Romgaz in the first quarter of 2025 generated RON951 million net profit, down 24.6% from the year-earlier period and up 2% from Q4/2024.
Romanian state-run natural gas producer and supplier Romgaz (stock symbol: SNG) has received the approval of its shareholders for the distribution of a gross dividend of RON0.1568 per share from the company's 2024 net profit and from the result carried forward, which translates into a total amount of nearly RON604 million.
Romanian natural gas producer and supplier Romgaz (stock symbol: SNG) has announced in a stock market on Dec 4, 2024 that the Iernut power plant in Mures County, a project worth EUR269 million for a capacity of 430 MW, is due to be completed until June 30, 2025.
Romanian natural gas producer and supplier Romgaz (stock symbol: SNG) will be listing at the Bucharest Stock Exchange, on Nov 19, the company's first bond issue ever, in the amount of EUR500 million.
Romanian natural gas producer and supplier Romgaz for 2023 reported a preliminary gross natural gas production of 4.79 billion cubic meters, down 3% from 2022, in line with the preliminary operational indicators for 2023.
Foraj Sonde Craiova, a local drilling company for the oil and gas industry, controlled by Valentin Cristescu (68.5%) and Emil Cristescu (26.3%), announced it sealed a RON146 million contract VAT not included with Romgaz for works at two exploration wells.
Romanian natural gas producer and supplier Romgaz (SNG.RO) announced in a stock market report that the National Agency for Mineral Resources has confirmed the development plan of the Domino and Pelican South natural gas commercial fields.
The contract concluded by Romania’s state-owned natural gas producer Romgaz’s (SNG.RO) with Spanish group Duro Fulguera for the development of the Iernut power plant (Iernut CTE) by building a new combined cycle gas turbine power plant is worth RON345 million, as per a stock market report.
Romanian natural gas producer and supplier Romgaz (SNG.RO) has announced that its subsidiary, ROMGAZ BLACK SEA LIMITED, concluded on Thursday (March 16, 2023) a transmission framework agreement for the transportation of natural gas to be produced from the Neptun Deep block through the National Transmission System.
Romgaz, a natural gas producer and supplier controlled by the Romanian state, registered RON2.5 billion net profit in 2022, up 32.9% from the 2021 level.
State-owned natural gas producer and supplier Romgaz (SNG.RO) borrowed EUR325 million from Raiffeisen Bank at an interest of three-month EURIBOR plus 0.05% per annum, ZF has found from the company’s first half report.
The Romanian office of the CEE / SEE law firm Wolf Theiss has represented a syndicate of banks made up of Raiffeisen Bank and Banca Comerciala Romana (BCR) in relation with a credit facility of EUR325 million granted to Romanian natural gas producer and supplier Romgaz (SNG.RO).
The transaction whereby Romanian natural gas producer and supplier Romgaz (SNG.RO) acquired in early August 2022 US ExxonMobil’s ownership stake in the Neptun Deep gas exploration and drilling project in the Black Sea was funded from Romgaz’s own sources and from a syndicated bank loan worth EUR325 million.
Law firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted ExxonMobil, one of the world’s largest publicly traded international oil and gas companies, in finalizing the sale of its 50% ownership stake in the Neptun Deep offshore block in the Black Sea to Romanian natural gas producer and supplier Romgaz (SNG.RO) .
BCR has joined as lender the loan agreement enabling Romgaz (SNG.RO) to purchase the Exxon stake in the Black Sea gas, Romgaz said in a report to the Bucharest Stock Exchange on Tuesday night.