If you can see this message, your browser does not support canvas and needs an update. Sorry. :(
Friday, May 24, 2019 
Market Status: CLOSE
About us and Governance Investor Relations Contact
Advanced search

Market News


Announcement_Gas Producers Litigations

Release Date: 6/13/2018 3:34:43 PM



June 13, 2018







In 2016, S.N.G.N. Romgaz S.A. activities were subject to a control performed by the Romanian Court of Accounts – Sibiu Chamber of Accounts, Decision no. 26/01.06.2016 being issued further to the control.


One of the measures ruled by the Court of Accounts in Decision no.26/2016 provides: “Identification of natural gas volumes delivered to the regulated market in excess to the mandatory deliveries according to data communicated to DOPGN[1] for each client, establishment of the prejudice resulting from the difference between regulated market gas price and free market gas price regarding the gas volumes delivered in excess to the regulated market, and its recovery”.


Romgaz management, by its specialized compartments, set the value of the alleged prejudice (the Decision of the Court is challenged in court) and ruled measures to recover such prejudice.


Within this context, S.N.G.N. ROMGAZ S.A. initiated proceedings before the competent court against those other natural gas producers in Romania, deemed to have failed to fulfill the obligations pursuant to the ANRE Order no. 161/2014, in order to recover the prejudice assessed by the Court of Accounts.




Director General,

Corin Emil CINDREA



[1] Natural Gas Market Operator Department of SNTGN “Transgaz” S.A. Medias



Information provided by IRIS, the news platform of the Bucharest Stock Exchange.


Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

©2016 Bucharest Stock Exchange. All rights reserved