SNGN Romgaz

Company profile

SNGN Romgaz company profile

ROMGAZ core business segments are: gas exploration and production, gas supply, gas storage, electricity production and supply. The company carries out petroleum operations for exploration-development-production in 8 blocks as sole titleholder with 100% participating interest and in 4 blocks as co-titleholder. ROMGAZ operates in Romania 148 commercial fields located in Transylvania, Moldova, Muntenia and Oltenia, operated by Medias and Targu Mures branches. Also, ROMGAZ holds exploration and production rights in Slovakia. The company took over Iernut Thermoelectric Power Plant (CTE Iernut) with a total capacity of 800 MW, becoming also electricity producer and supplier. Currently, CTE Iernut has an installed capacity of 600 MW divided into 4 energy groups having a 100/200 MW capacity each. In addition, the company performs well workovers and recompletions, production tests and special well operations, transportation of goods and persons, specific technological transportation and maintenance activities for the benefit of the company and third parties. The majority shareholder of the company is the Romanian State, through the Ministry of Energy, owning a 70.0071% stake in the company’s share capital.