Its turnover dropped to RON1.482 billion compared with RON1.497 billion in the first quarter of 2017, but grew compared with RON1.343 billion in the fourth quarter of 2017.
It said financial results were impacted by lower gas quantities delivered due to lower domestic consumption, as well as lower electricity deliveries due to a mild winder and higher electricity production in hydropower plants.
Romgaz produced 1.364 billion cubic meters of natural gas in the first quarter, 2.3% higher than in the first quarter last year.
Natural gas imports grew 14% compared with the first quarter of 2017, to 8.3 TWh, while the gas quantity used from stocks in underground storage facilities was 11.9 TWh lower than in the same period last year. Romania’s natural gas consumption stood at an estimated 49.77 TWh in the first quarter, 1.05% lower than in the same period last year.