Romania: Romgaz recorded 196 million euros profit in Q1, SEE Energy News
Romanian natural gas producer Romgaz recorded a 196 million euros net profit in the first quarter of 2023. That is 1% lower compared to the same period last year.
Revenues dropped by an annual 26% to 586 million euros in the first three months. Expenditures dropped by 56% to 242 million euros. EBITDA rose by 54% to 380 million euros.
In the first quarter of 2023, Romgaz produced 1,236 billion cubic meters of natural gas, 5% less year-on-year, and 323 GWh of electricity, which is a decrease of 6.5%.
Romanian natural gas consumption in the first quarter of 2023 amounted to 38.7 TWh, 12% less than in Q1 2022.
Romgaz planned a total investment of 66 million euros for this year, of which 45 million euros were invested in the first quarter.