The National Natural Gas Company Romgaz signed a gas sales contract with Engie Romania on Tuesday, worth 984,381.41 lei, according to a report submitted on Wednesday to the Bucharest Stock Exchange, reports Agerpres.
The contract provides for the sale of natural gas for the period May 1 – November 1, 2024.
Payment is to be made within 30 days from the date of the transaction, late penalties being set at 0.10%/day.
Romgaz’s main business segments are geological exploration in order to discover new gas deposits, production of methane gas by exploiting the deposits in the company’s portfolio, supply and distribution of natural gas, special operations and well services, production and supply of electricity.
The company’s majority shareholder is the Romanian state, with a 70.0071% stake in the share capital.
Starting from November 12, 2013, the shares issued by SNGN Romgaz are traded on the regulated market administered by the Bucharest Stock Exchange. At the same time, the company’s shares are the basis for global depository receipts (GDRs) issued by The Bank of New York Mellon, GDRs that are traded on the London Stock Exchange.
The Engie Romania group of companies operates in the following fields of activity: distribution and supply of natural gas, production from renewable sources and supply of electricity, as well as green solutions and technical services for natural gas installations and thermal power plants.
Engie Romania and its subsidiaries serve a portfolio of 2 million customers, operate a distribution network of about 22,600 km, have a production capacity from green sources of 121 MW and have 4,200 employees.
Tags: Engie Romania buy natural gas Romgaz worth million lei contract valid November
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