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.
Baroque and romantic operas, contemporary works, and film music are part of this year's edition of the Athenaeum Summer Festival, set to take place between June 14 and 25. The program includes two concerts on the Athenaeum Esplanade, with free admission, and three performances at the Athenaeum's Great Hall, featuring the George Enescu Philharmonic Choir […]
Ovidiu Maitec 100, a retrospective on the work of Romanian sculptor Ovidiu Maitec, will open at the Brukenthal Museum in Sibiu on June 20. The exhibition, which will open at the Brukenthal Palace in Sibiu’s Grand Square, is part of the Brukenthal Exhibition Season at the Sibiu International Theatre Festival. It will cover 50 works […]
Agroland, a Romanian entrepreneurial group present on the retail, agribusiness, food production and animal nutrition market, marked four years since the listing of Agroland Business System and Agroland Agribusiness on the AeRO market of the Bucharest Stock Exchange on Thursday, June 5. In this time, the company tripled its business and now plans to keep […]
Volker Raffel, CEO of E.ON Romania, has been elected as the new president of the Romanian-German Chamber of Commerce and Industry (AHK Romania), succeeding Andreas Lier of BASF. The announcement was made following the annual General Assembly of AHK Romania members held on Tuesday evening, June 3, where the leadership also confirmed a new board […]
Romanian handball player Cristina Neagu, who ended her career earlier this year, was nominated on Wednesday, June 4, for the European Handball Federation (EHF) Excellence Awards along with 46 other players from Europe, including seven from three Romanian teams. The third edition of the EHF Excellence Awards honors the best players of the 2024–2025 season. […]
The Transfăgărășan (DN7C), one of Romania’s most scenic mountain roads, will reopen to traffic on Friday, June 6, at 7:00 am, announced Cristian Pistol, the general director of CNAIR, the company that manages the road infrastructure. Tourists will once again be able to drive the iconic route, including the stretch between Bâlea Cascadă in Sibiu […]
