Its turnover grew 3.4% in the first half, to RON2.47 billion.

The company’s EBITDA decreased 11.2% in the first half, to RON1.16 billion.

Romgaz’ gross earnings for the first half decreased 10.3% on the year due to royalty payments (RON57.5 million), the windfall tax due further to gas prices deregulation (RON60 million), change of the accounting policy (RON47.6 million).

In the first half of 2018 the national gas consumption recorded a 3.5% decrease compared with the same period last year, while Romgaz deliveries decreased only by 2.96%, from 32.06 TWh to 31.11 TWh, the company said.

Romgaz produced 2.64 billion cubic meters of natural gas in the first half of the year, 3.2% higher than in the same period last year. It said it covered 49.96% of domestic gas consumption in the first six months.

Romgaz’ electricity output stood at 466.2 TWh in the first half, lower compared with 999.7 TWh produced in the first half of 2017. This production placed Romgaz at a market share of 1.45%.

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