Romgaz closes a contract of over RON 103 mln with Transgaz for gas transport

Georgiana Bendre 17/10/2017 | 14:39

The state-owned gas producer Romgaz closed a contract of RON 103.29 million with Transgaz for gas transport during October 1, 2017- October 1, 2018, according to a report of Bucharest Stock Exchange (BVB).

“The payment is made in 15 calendar days since the bill issue,” says the report.

Romgaz is owned by the Energy Ministry while the main shareholder of Transgaz is the Economy Ministry.

Romgaz made in the first semester of the year a net profit of RON 868 million, by 41.1 percent compared with the level registered in the similar period of 2016.

The turnover of Romgaz increased in the first semester of this year by 29.3 percent to RON 2.39 billion taking into account that the natural gas production climbed by 16.5 percent to 2.559 billion cubic meters.

Transgaz registered in the first semester of this year a net profit by RON 400.5 million, a growth by 42.1 percent compared with the similar period of 2016 due to the turnover increase by 26 percent.

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