National gas company Romgaz on Thursday concluded with E.ON Energie Romania a sales and purchase agreement for natural gas worth 3.845 million RON (without VAT), according to a report submitted to the Bucharest Stock Exchange (BVB) on Friday.The agreement provides for the sale and purchase of natural gas for the period November 1, 2024-April 1, 2025, and a Bank Guarantee Letter was established as a guarantee.The payment must be made within 30 days of invoicing, and penalties in case of delay will be 0.10% per day.SNGN Romgaz is the largest producer and main supplier of natural gas in Romania. The company is admitted to trading on the Bucharest Stock Exchange (BVB). The main shareholder is the Romanian State, with a 70% stake. The company has a vast experience in the field of natural gas exploration and production, its history starting more than 100 years ago, in 1909.Romgaz carries out geological exploration in order to discover new gas deposits, produces methane gas by exploiting deposits from the company's portfolio, stores natural gas underground, performs interventions, capital repairs and special operations at wells and provides professional technological transport services.In 2013, Romgaz expanded its field of activity by assimilating the thermal power plant from Iernut, thus becoming a producer and supplier of electricity.On August 1, 2022, Romgaz became the sole shareholder of Romgaz Black Sea Limited (established ExxonMobil Exploration and Production Romania Limited), following the completion of the acquisition and the transfer of all shares issued by (representing 100% of the share capital of) ExxonMobil Exploration and Production Romania Limited, which owns 50% of the rights acquired and the obligations assumed by the Oil Agreement for the deep water area of the XIX Neptun offshore perimeter in the Black Sea.
The biggest contributor to burnout – and we do have a burnout epidemic across the world nowadays – is work stress. Many people believe it’s mainly their fault, that it’s in the way they do things, their personality, or something very personal indeed. They couldn’t be more wrong. Because the single most impactful factor in […]
Over 300 guitarists from across the country are gathering in Timișoara, western Romania, to simultaneously perform 17 songs alongside several well-known artists within the Timișoara Guitar Day – One City. One Day. One Guitar Love event. The moment is scheduled for Saturday, October 19, at 4:00 PM at Faber, Splaiul Peneș Curcanul 4-5, Timișoara, with […]
Wizz Air announced it was opening its temporary base in Chişinău, in Moldova, and will offer direct connections to 16 destinations next winter, including eight new routes. The airline is offering non-stop flights between Chişinău and Berlin, Bologna, Brussels Charleroi, Dortmund, Memmingen, Paris Beauvais and Verona, as well as the new route to Nuremberg. In […]
Romania’s executive recently approved the acquisition of 58 new short-distance trains, RE-R2 and RE-R3, with 200 and 160 seats respectively, in contracts totaling RON 3.3 billion (EUR 683 million). Prime minister Marcel Ciolacu announced the approval of the purchase. "We are approving a major investment project that connects large urban centers via modern rail transport. […]
Romania is a strategic tech hub for the operations of the Brazilian technology multinational Stefanini in Europe, the Middle East, and Africa. Farlei Kothe, newly appointed CEO of North America, EMEA, and APAC, shares more on the company's expectations for the year to come, how its growth strategy informs its recruitment plans, and its work […]
The heads of Moldova's security institutions announced on Thursday, October 17, that several hundred Moldovan citizens were trained in Russia, Serbia, and Bosnia-Herzegovina to incite street movements aimed at overthrowing the constitutional order. The head of the National Police, Viorel Cernăuțeanu, the director of the Information and Security Service (SIS), Alexandru Musteața, and interim chief […]
