06.27.2012

Romanian natural gas producer Romgaz has wrongly spent more than 123 million lei (EUR27 million) on machinery and equipment, and another RON115 million on activities that did not improve its business, more

06.18.2012

Unconventional gas, including shale gas, may relieve Romania of its dependence on Russian gas imports, which currently covers some 20-30% of national consumption, Monday said Radu Gheorghe, more

06.12.2012

Romanian natural gas producer Romgaz could be floated simultaneously in Bucharest and on a foreign exchange, but such a decision requires serious consideration, one of the brokers running the sale of more

06.06.2012

Romanian Economy Ministry plans to replace the general managers of its majority owned natural gas companies Romgaz Medias and Transgaz Medias (TGN.RO). more

05.29.2012

Romgaz Medias, Romania’s largest gas producer and the most profitable state-run company, last year reached a net profit of over 1 billion lei (around EUR0.22 billion), 35% more than the preliminary more

05.25.2012

Romania’s Competition Council said it will finalize in the upcoming months the antitrust inquiry set off last year on the local gas market regarding a potential conspiracy between several companies more

03.19.2012

Romanian Economy Ministry has signed a brokerage agreement to sell 15% in state-run natural gas producer Romgaz Medias, the ministry said in a statement Monday. more

02.29.2012

Romanian state-run natural gas producer Romgaz will invest some $500 million (EUR372 million) in geological surveys at eight onshore fields leased from the national mineral resources agency, an more

02.29.2012

The liberalization of gas prices, requested by the International Monetary Fund and the European Commission, will not result in a strong increase of fees, to import levels, since purchase power is low more

02.28.2012

Romanian state-owned natural gas producer Romgaz has appointed Costel Totan as interim general manager, replacing Dumitru Chiselita who was appointed adviser within the Economy Ministry. more

02.27.2012

The largest 15 companies controlled by the Economy Ministry posted 23 billion lei (EUR5.3 billion) in revenue last year, up 15% on 2010. The highest increases were those of the energy complexes in more

02.23.2012

Romanian natural gas producer Romgaz Medias Thursday said its net profit rose 17% to approximately 762 million lei (roughly EUR180 million) in 2011, on higher sales. more

02.17.2012

Romanian natural gas producer Romgaz Medias Friday said its gas imports increased by 40% in the first half of the month to meet the growing demand following extremely cold temperatures. more

02.01.2012

The Economy Ministry has appointed Dumitru Chisalita to act as the interim manager of state-run natural gas producer Romgaz Medias, after Marcel Piteiu was suspended pending an inquiry into more

01.30.2012

Romanian state-run natural gas producer Romgaz Medias has awarded an 88.26 million lei (EUR20.3 million) contract to INSPET Ploiesti to upgrade its storage facility in Bilciuresti locality, Dambovita more

01.24.2012

A consortium including US bank Goldman Sachs and Austria’s Erste Bank AG will broker the sale of a 15% stake in Romanian natural gas producer Romgaz, sources in the capital market told Mediafax more

01.18.2012

Romanian Economy Ministry Ion Ariton Wednesday suspended Marcel Piteiu from his position as general manager of natural gas producer Romgaz, pending an investigation into allegations of undermining the more

01.16.2012

Three consortia including large financial groups - JP Morgan, Goldman Sachs and Citibank - as well as local brokerage firms, Monday filed bids to broker the listing of gas producer Romgaz, Romania’s more

01.11.2012

Three consortia including US banking corporations JP Morgan, Goldman Sachs and Citibank will submit offers to broker the sale of a 15% stake in Romanian natural gas producer Romgaz, sources in the more

12.28.2011

Romania’s Economy Ministry has extended until January 16 the deadline by which companies can bid to broker the floating of a 15% stake in state-owned natural gas producer Romgaz. more

12.15.2011

The government has scheduled to sell 15% in Transelectrica (TEL.RO), Transgaz (TGN.RO) and Romgaz by mid 2012. Hidroelectrica and Nuclearelectrica should follow in the fall. more

12.09.2011

The Romanian Economy Ministry will sell a 15% stake in natural gas producer Romgaz by end-June 2012, according to the government’s latest letter of intent to a EUR3.5 billion loan agreement with the more

12.05.2011

The consultant developing the feasibility study for gas route AGRI (Azerbaijan-Georgia-Romania Interconnector) will be selected in an auction held by the end of this year, according to Romanian more

12.02.2011

Romanian natural gas producer Romgaz Medias has awarded over 1,300 public procurement contracts worth 576.5 million lei (EUR132.4 million) in the first eleven months of 2011, largely for drilling more

11.28.2011

Brokers wishing to intermediate the listing of a 15% stake in Romanian state-owned gas producer Romgaz Medias can bid in the auction until December 29, the Economy Ministry said Monday in a news more