Turnover dropped on declining sales of natural gas amid falling prices. As regards quantities, gas deliveries decreased by 4.53%.
Profit rose amid the elimination of the solidarity contribution starting with 2024. „Consolidated net profit is RON 2,273.65 million, higher by 4.84% namely RON 104.96 million, as compared to the similar period of last year, a significant positive influence was the elimination of the solidarity contribution starting with 2024 (RON 1,388.39 million for Q3 2023”.
In the first 9 months of 2024, Romgaz produced 3,672 million m3 natural gas, by 157 million m3 (4.54%) higher volumes than in the similar period of 2023.
Gas production for the first 9M 2024 was influenced by: Completion of investment works to extend the productive infrastructure that led to streaming in production 7 new wells; Significant number of wells were reactivated by performing specific investments in wells; Production optimization of wells with highest production potential; Continuous rehabilitation projects of the main mature gas reservoirs, these projects aim to maximise natural gas production and to increase the recovery factor.
„We state that Caragele field had a significant contribution on the production level in the first 9 months of 2024, by drilling and streaming in production a development well, by optimizing production at the high depth well and by reactivating two wells after performing specific investments,” reads the company’s report.
Romgaz has a RON21.4 billion capitalization. Since the start of the year, its shares have jumped by 11%.
(English version by Catalina Apostoiu)