Romgaz estimates for this year an operating profit of 4.57 billion lei, down 8.1% from the preliminary value of the indicator for 2017 and 4.98 billion lei respectively, according to the budget of revenues and expenditures that will be discussed in the General Shareholders’ Meeting on March 29. The company will invest in this year 1.6 billion lei, exclusively from its own sources, and the main investment projects in 2018 are aimed at compensating for the natural decline of natural gas production.

For the future, the company intends to capitalize on its excellent market position and financial standing by introducing new services and products between 2018 and 2020. The development strategy to be discussed at the Ordinary General Assembly of Shareholders (AGOA) of April 17 refers to:

• renewable energy parks – synergies
• GAS to POWER – cogeneration
• distribution and / or supply Natural Gas (CNG)
• petrochemical industry

At the same time, Romgaz management also intends to enter new markets, mainly for the export of natural gas and electricity in the region, but also through exploration and production projects outside Romania.

Also on April 17, Romgaz shareholders are called to approve the updated version of the draft constitutive act of Depogaz Ploieşti Natural Gas Storage Branch, with a share capital of 50 million lei.

Romgaz S.A. is the largest producer and main supplier of natural gas in Romania, the main segments of its activity being exploration, natural gas production and natural gas supply, gas storage and electricity generation.