In 2013, Romgaz reported a net profit of RON995.5 million.
The company’s revenue amounted to RON4.49 billion, 15.4% higher than RON3.89 billion in 2013, Romgaz said in its preliminary financial report.
The revenue growth was due to the bigger domestic gas production deliveries and their price, a rise in tariffs of underground gas storage services provided to third parties and higher electric power deliveries, the company said. These factors offset the reduction of import gas volumes and sales, which was due to the lower demand on the local market.
The company’s gas production inched 0.2% higher in 2014 to 5.66 billion cubic meters, while electricity deliveries reached 1.7 million megawatt-hours, up 60% compared with 2013.