Romgaz is planning to expand its operations into Moldova by establishing a subsidiary in Chisinau focused on natural gas sales via pipelines. The new company, Romgaz Furnizare M, is awaiting shareholder approval, which will be discussed at an extraordinary meeting on April 29.
In addition to its expansion, Romgaz is exploring opportunities in renewable energy and considering the acquisition of shares or assets in the sector. To support this initiative, the company is seeking approval for legal consultancy, assistance, and external representation services.
For 2025, Romgaz has proposed an ambitious €1.09 billion investment program, with €1.02 billion allocated for capital expenditures. Key allocations include:
- €260 million for direct investments,
- €770 million for its subsidiary Romgaz Black Sea Limited, focused on the Neptun Deep offshore gas project,
- €66 million earmarked for loan repayments.
The investment strategy aims to expand natural gas reserves, mitigate production declines, and increase electricity generation capacity. Key priorities include maintaining its 12.2% stake in Lukoil, geological research through new exploration wells, and modernizing infrastructure at production sites.
In the energy sector, Romgaz is prioritizing:
- Completion of the gas-fired unit at TPP Iernut,
- Development of a 50 MW solar power plant,
- Modernization of well intervention equipment, gas drying and compression facilities.
These strategic moves align with Romgaz’s goal of enhancing regional energy security while diversifying into renewables and advanced gas projects.
