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Romgaz Black Sea Limited, subsidiary of the National Natural Gas Company "Romgaz” S.A. ("Company”/”ROMGAZ”), holds 50% of the acquired rights and obligations under the Petroleum Agreement for Exploration, Development and Production in the Deepwater area of XIX Neptun offshore Block in the Black Sea.

ROMGAZ Group, formed by S.N.G.N. Romgaz S.A as the parent company and its fully-owned subsidiariesDepogaz Ploiesti Natural Gas Storage Branch S.R.L. (“Depogaz”) and Romgaz Black Sea Limited, undertakes geological exploration with the aim of discovering new gas reserves, produces methane by exploiting the reservoirs included in the company’s portfolio and stores natural gas in underground storages; it performs well interventions, workover and special operations, and ensures technological transportation professional services. In 2013, Romgaz extended its scope of work by taking over Iernut thermoelectric power plant, becoming electricity producer and supplier.

The company has a vast experience in the field of gas exploration and production, with a history that began in 1909 and spans more than 100 years, becoming the largest natural gas producer and the main supplier in Romania.

S.N.G.N. Romgaz S.A. is listed on Bucharest Stock Exchange (BVB) and London Stock Exchange (LSE). The majority shareholder is the Romanian State owning a 70% stake.

The company economic and financial position is characterized by the profit constancy and solvency, fulfilling all the conditions for economic rise and turning into one of the most important companies Romania.

The mission of the ROMGAZ Group is to sustainably increase added value for the company, its employees, and its shareholders, as well as to demonstrate long-term resilience, while using resources in a responsible and ethical way.

ROMGAZ works to pursue its strategic objectives and make investments in accordance with its sustainable development plans, thus achieving its goal of becoming an energy security provider and a player on the regional energy market.