Romania’s Romgaz ups natural gas output by 4.4% y/y in January-September
<p>Romgaz (BVB: SNG), Romania’s largest natural gas producer and supplier, increased its gas extraction by 4.4% in the first nine months of 2024 compared to the same period last year, with a total of 3.67 billion cubic metres extracted versus 3.51 billion cubic metres in 2023.&nbsp;</p>

<p>This growth in extraction is expected to positively impact the company’s financial results, which are scheduled for release on November 15.</p>

<p>Additionally, Romgaz boosted its electricity production by 13.7% y/y, reaching 730 GWh.&nbsp;</p>

<p>The company, majority-owned by the Romanian state, reported a market capitalization of RON 21 billion (EUR 4 billion) after the price of its shares rose by 10% ytd.&nbsp;</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: Facebook/Romgaz)</em></p>