Tag: Romgaz

TPP Iernut to launch in Q1 2020 – Romania, 07 June 2019

State-owned natural gas producer Romgaz is currently building the 430 MW gas-fired unit at thermal power plant Iernut which should be commissioned in early 2020. State Secretary at the Ministry of Energy Doru Visan recently said that the deadline for the completion of the unit is June 2019. Foll Full article available for subscribers of […]

Romgaz’ net profit rose by 16 % in Q1 2019 – Romania, 15 May 2019

Romanian state-owned natural gas producer Romgaz recorded a net profit in the amount of 114 million euros in the first quarter of 2019, which is 16.26 % higher compared to the same period last year The company’s revenues increased by 15.57 % in the first three months of the year to 359 million eu Full […]

Romgaz to deliver 30 % of its production at capped prices – Romania, 14 May 2019

According to Romanian natural gas producer Romgaz, the company will deliver 30 % of its gas production from May to December at the regulated price of 14.3 euros/MWh for the consumption of the population and producers of heat. Last month, Romgaz said that it expects to achieve around 1.05 billion Full article available for subscribers […]