Romgaz | Romania Feed

The contract concluded by Romania’s state-owned natural gas producer Romgaz’s (SNG.RO) with Spanish group Duro Fulguera for the development of the Iernut power plant (Iernut CTE) by building a new combined cycle gas turbine power plant is worth RON345 million, as per a stock market report.

Romanian natural gas producer and supplier Romgaz (SNG.RO) has announced that its subsidiary, ROMGAZ BLACK SEA LIMITED, concluded on Thursday (March 16, 2023) a transmission framework agreement for the transportation of natural gas to be produced from the Neptun Deep block through the National Transmission System.

Romgaz, a natural gas producer and supplier controlled by the Romanian state, registered RON2.5 billion net profit in 2022, up 32.9% from the 2021 level.

State-owned natural gas producer and supplier Romgaz (SNG.RO) borrowed EUR325 million from Raiffeisen Bank at an interest of three-month EURIBOR plus 0.05% per annum, ZF has found from the company’s first half report.

The Romanian office of the CEE / SEE law firm Wolf Theiss has represented a syndicate of banks made up of Raiffeisen Bank and Banca Comerciala Romana (BCR) in relation with a credit facility of EUR325 million granted to Romanian natural gas producer and supplier Romgaz (SNG.RO).

The transaction whereby Romanian natural gas producer and supplier Romgaz (SNG.RO) acquired in early August 2022 US ExxonMobil’s ownership stake in the Neptun Deep gas exploration and drilling project in the Black Sea was funded from Romgaz’s own sources and from a syndicated bank loan worth EUR325 million.

Law firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted ExxonMobil, one of the world’s largest publicly traded international oil and gas companies, in finalizing the sale of its 50% ownership stake in the Neptun Deep offshore block in the Black Sea to Romanian natural gas producer and supplier Romgaz (SNG.RO) .

BCR has joined as lender the loan agreement enabling Romgaz (SNG.RO) to purchase the Exxon stake in the Black Sea gas, Romgaz said in a report to the Bucharest Stock Exchange on Tuesday night.

Deloitte Romania assisted Romgaz, the largest natural gas producer in Romania, owned 70% by the Romanian state, in obtaining the 325 million euros loan from Raiffeisen Bank.   The loan will be used to partially finance the takeover of Exxon Mobile Exploration and Production Romania Limited (EMEPRL) shares, which account for 50% of the Neptun […]

Romania’s State, on behalf of the energy ministry, has requested that seven new interim members of the Board of Directors should be elected at natural gas producer and supplier Romgaz (SNG.RO), in line with a stock market report released Wednesday (Feb 9).

Romanian state-owned natural gas producer Romgaz (SNG.RO) announced Tuesday that it agreed with US giant ExxonMobil to extend the exclusivity period, from October 15, 2021, to November 15, 2021, in order to complete the negotiations of the transaction for the acquisition of Exxon's stake in Neptun Deep offshore block in the Black Sea.

Romanian state-owned natural gas producer Romgaz (SNG.RO) said in a stock market report Thursday that it initiated a non-binding process in order to obtain offers for financing in the amount of RON1.6 billion or the equivalent in euros, on the bank market, with a view to acquiring US giant ExxonMobil's 50% stake in the Neptun Deep gas exploration and drilling project in the Black Sea.

Romanian state-owned natural gas producer Romgaz is currently in talks to acquire Exxon's 50% stake in the Neptun Deep gas exploration and drilling project in the Black Sea, Romania's economy minister said Tuesday.