The Romgaz National Natural Gas Company concluded with E.ON Energie Romania a contract for the sale of natural gas in the amount of 3.845 million lei (without VAT), according to a report submitted to the Bucharest Stock Exchange.

The contract provides for the sale-purchase of natural gas for the period November 1, 2024-April 1, 2025, and a Bank Guarantee Letter was established as a guarantee, according to Agerpres.

Gas payment is to be made within 30 days of invoicing, and late penalties will be 0.10%/day.

SNGN Romgaz is the largest producer and main supplier of natural gas in Romania. The company is admitted to trading on the market of the Bucharest Stock Exchange (BVB). The main shareholder is the Romanian State, with a 70% stake. The company has extensive experience in the field of natural gas exploration and production, its history starting more than 100 years ago, in 1909.

Romgaz carries out geological exploration in order to discover new gas deposits, produces methane gas by exploiting the deposits in the company’s portfolio, stores natural gas underground, performs interventions, capital repairs and special operations on wells and provides professional technological transport services.

In 2013, Romgaz expanded its field of activity by assimilating the thermal power plant from Iernut, thus becoming a producer and supplier of electricity.

On August 1, 2022, Romgaz became the sole shareholder of Romgaz Black Sea Limited (established ExxonMobil Exploration and Production Romania Limited), following the completion of the acquisition transaction and the transfer of all shares issued by (representing 100% of the share capital of) ExxonMobil Exploration and Production Romania Limited which owns 50% of the rights acquired and the obligations assumed by the Oil Agreement for the deep water area of ​​the XIX Neptun offshore perimeter in the Black Sea.