Estimated national natural gas consumption in January-September stood at 69.25 TWh, around 11.7% lower than in the same period of 2022.
The market share of Romgaz, estimated for the first nine months of 2023, stands at 55%, 3.6% higher than in the year-earlier period.
The company’s natural gas production shrank by almost 5%, to 3,515 million cubic meters, while the quantity of electricity produced reached 641.466 GWh, down 24%. With this production, Romgaz owns a 1.52% market share in the area of electricity.
The company’s total revenues went down by 35%, to RON7.1 billion, while expenses were 62% lower than in 2022, at RON3.1 billion.
The decrease in revenue from electricity is due to lower prices, as introduced by GEO no. 27/2022. According to the Ordinance, most of electricity is sold at the regulated price of RON 450/MWh, the price being significantly lower than the prices of the nine-month period ended September 30, 2022.
(English version by Catalina Apostoiu)