- CEO
- Razvan Popescu
- Full Time Employees
- 5,963
- Sector
- Energy
- Industry
- Oil & Gas Integrated
- Address
- 4 Constantin I. Motas Square Medias Romania 551130
- IPO Date
- Dec 29, 2014
- Business
- SNGN Romgaz SA (SLTQY) explores for, produces, supplies, and stores natural gas in Romania, ranking as the country's largest natural gas producer with over 50% market share in domestic production and nearly 55% in total consumption; it also generates electricity through its Iernut thermoelectric power plant and engages in well interventions, workover operations, technological transport, and trading of hydrocarbons and renewable energy sources. The company operates eight onshore exploration blocks as titleholder and operator in 121 petroleum agreements plus co-titleholder in 13 others, two offshore petroleum agreements in the Black Sea including a 50% stake in the Neptun Deep project through subsidiary Romgaz Black Sea Limited, and five underground gas storage facilities with 2.87 billion cubic meters working capacity plus a 40% stake in Depomures joint venture; it supplies gas to households, industrial clients, heat producers, and distributors under regulated pricing, while producing 3.68 billion cubic meters of natural gas in the first nine months of 2025. Founded in 1909 and headquartered in Medias, Romania, Romgaz employs around 5,850 people across branches in Transylvania, Moldova, Oltenia, and Muntenia, with the Romanian State holding a 70% majority stake and the company listed as a blue-chip on the Bucharest Stock Exchange. Recent developments include the September 2025 memorandum of understanding with Electrica for up to 400 MW green energy production and storage via greenfield projects, Board approval in October 2025 of the Decarbonization Strategy 2025-2050 targeting net-zero emissions by 2050 with over EUR 2.5 billion in phased investments including 180 MW renewables by 2030 and carbon capture capacity, a second oversubscribed EUR 500 million bond issue under the EMTN programme in October 2025 maturing 2031, termination in October 2025 of the Iernut new power plant contract with Duro Felguera to assume general contractor role at 98% completion for the 430 MW facility, and ongoing Neptun Deep execution with first gas targeted for 2027.