The two companies also signed a contract worth RON529.7 million for the sale/purchase of natural gas on the competitive market – heat producers’ category.
The overall value of the two contracts, valid between August 1, 2016 – September 30, 2017, is RON935.5 million, equaling 20.65% of Romgaz’s total revenue for 2015.
Romgaz has a market capitalization of RON8.8 billion (EUR1.96 billion).
In January-June 2016, Romgaz reported a turnover of RON1.363 billion, down 0.14% on the year, while the its profit fell 13.09% to RON0.489 billion compared with the same period a year before.
Romgaz is 70% owned by the Romanian state, while Fondul Proprietatea (FP.RO) owns a 6% stake.