Romgaz

Romgaz SA
Company typeSocietate pe Acțiuni
BVB: SNG
IndustryOil & gas
Founded1909
HeadquartersMediaș, Romania
Key people
Răzvan Popescu, CEO
ProductsNatural gas
RevenueIncrease US$ 1.2 billion (2018)[1]
Increase US$ 516 million (2017)[2]
Increase US$ 443 million (2017)[2]
Total assetsDecrease US$ 2.6 billion[2]
Number of employees
4800 (2022)[2]
SubsidiariesS.N.G.N. ROMGAZ
Websitewww.romgaz.ro

Societatea Națională de Gaze Naturale Romgaz SA Mediaș (SNGN Romgaz SA) or simply Romgaz is the largest natural gas producer in Romania and one of the largest producers in Eastern Europe.[3] The company is the country's main supplier and responsible for producing around 40% of the total natural gas consumption in Romania.[4]

Its majority stockholder is the Government of Romania, which owns 70.01%, while the remaining 29.09% are free-floated.[5] In 2018, the company was the only state owned company surpassing €1 billion in revenues.[6]

Romgaz is specialized in geological research for the discovery of hydrocarbons, production, storage, commercialization and the supply of natural gas and natural gas condensate. The company is structured into six branches: two production branches located in Târgu Mureș and Mediaș, one underground storage branch located in Ploiești, a special operations branch located in Mediaș, a maintenance branch located in Târgu Mureș and one international office located in Bratislava, Slovakia.[7]

  1. ^ "Preliminary Annual Report (2018)" (PDF). Romgaz. Retrieved April 1, 2019.
  2. ^ a b c d "Annual Report (2017)" (PDF). Romgaz. Retrieved February 7, 2019.
  3. ^ "Romgaz caută gaze în Marea Neagră". Evenimentul Zilei. Retrieved August 21, 2010.[dead link‍]
  4. ^ "Romgaz's net profit up by 82.4 pct in 2017, a record since BVB and London Stock Exchange listing". business-review.eu (in Romanian). 2018-02-15. Retrieved 2019-02-14.
  5. ^ Cite error: The named reference :4 was invoked but never defined (see the help page).
  6. ^ "Romania's government owns only one EUR 1 billion company, despite its huge involvement in economy". Business Review (in Romanian). 2018-06-19. Retrieved 2019-04-01.
  7. ^ "Company Profile". Romgaz. Retrieved August 20, 2010.