Romanian natural gas producer Romgaz has received another extension to utilize public funding for the long-delayed Iernut combined-cycle gas power plant, following a government decision adopted at the end of 2025. The decision amended the rules of the National Investment Plan, extending the deadline for completing and commissioning funded projects to 31 December 2026, while […]
Romania has granted OMV Petrom and Romgaz a two-year extension for exploration activities in the Neptun Deep offshore block, moving the deadline to November 2027 while keeping the overall concession period unchanged through 2045. The extension allows the partners additional time to complete their exploration commitments, including a new deep-water drilling campaign. As part of
Romania grants OMV Petrom and Romgaz two-year extension for Neptun Deep exploration Read More »
Romanian natural gas producer Romgaz reported consolidated earnings of 480 million euros for the January–September 2025 period, an increase of 7 percent compared with the same interval in 2024. The third quarter was particularly strong. Net profit for the first nine months of 2025 climbed to 151 million euros, marking a 73 percent year-on-year increase.
Romania: Romgaz posts strong nine-month results with 73% profit surge Read More »
Romanian natural gas producer Romgaz recorded a modest increase in total hydrocarbon production during the first nine months of 2025, reaching 23.96 million barrels of oil equivalent — up 0.61 percent year-on-year. Gross natural gas output remained almost unchanged, rising by just 0.11 percent to 23.63 million barrels of oil equivalent between January and September.
Romanian natural gas producer Romgaz has issued a new six-year bond worth 500 million euros with a fixed interest rate, marking its second successful venture into international capital markets. The bond issuance took place on 28 October and follows a similar 500 million euro five-year bond launched in October 2024. Both transactions are primarily intended
Romanian state-owned gas company Romgaz has officially terminated its contract with Spain’s Duro Felguera for the long-delayed Iernut natural gas-fired power plant. The Board of Directors approved the decision on 11 September, citing repeated failures by the contractor to meet obligations and deadlines. A termination notice was sent the same day, with the decision to
Romania: Romgaz terminates contract with Duro Felguera for Iernut gas plant Read More »
Romgaz posted a consolidated net profit of 336 million euros in the first half of 2025, a decline of 8.6 percent compared to the same period in 2024, representing a drop of 31.6 million euros. However, second-quarter profit rose 23.04 percent year-on-year. National gas demand grew by about 4 percent in the first six months
Romania: Romgaz H1 2025 net profit falls 8.6% as gas deliveries and market share rise Read More »
Romania’s state-owned natural gas producer Romgaz reported a 12.55 percent increase in sales of domestically produced natural gas in the first half of 2025, delivering a total of 2.52 billion cubic meters. Total hydrocarbon production edged up slightly, rising 0.4 percent year-on-year to 16.19 million barrels of oil equivalent. Within this total, crude natural gas
Romania: Romgaz boosts domestic gas sales and storage injections in first half of 2025 Read More »
OMV Petrom and the state-owned company Romgaz have announced a €750 million infrastructure investment for the Neptun Deep offshore gas project in the Black Sea, following the issuance of an establishment authorization by Romania’s National Energy Regulatory Authority (ANRE). This funding will cover all essential foundational work required to bring the offshore field into production.
In June, Romgaz began drilling operations for the 54 Damianca well in the Caragele gas field, aiming to reach a final depth of 5,100 meters. The project is focused on identifying previously untapped gas resources and analyzing geological formations located beyond 4,000 meters. According to the company, the drilling is progressing on schedule and without
Romania: Romgaz advances deep drilling at Caragele gas field to unlock new resources Read More »
