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Three chemical industry players buy cheapest gas from Romgaz

13.05.2010, 20:01 14

In the first three months of the year, the share of imported gasin national consumption reached unusually high levels, althoughnatural gas demand is still low.

The explanation for this is that a large part of gas produceddomestically goes to big consumers, especially those in thechemical industry, which, until October at least, are supplied withgas produced by Romgaz, one of the most valuable state-heldcompanies.

So, in order to supply to the consumption needs of the othercategories of consumers, such as the population, there was a risein Russian gas imports. Under the circumstances, the bill ofimported gas, which is twice as expensive as that produceddomestically (one thousand cubic metres cost around 300 dollars)will most likely be paid by the population and by smallconsumers.

The Interagro group, controlled by businessman Ioan Niculae, thebiggest gas consumer in Romania, buys its gas exclusively fromRomgaz.

Alongside Interagro, another two big consumers operating in thechemical industry are also supplied exclusively by the state-heldcompany, while Petrom, controlled by Austrian-held OMV, has otherclients in its portfolio.

"Romgaz has sealed natural gas buy-sell contracts with thefollowing chemical industry clients: Interagro, Azomures, GHCLUpsom. Deliveries to these clients amounted to around 30% of allgas sales," say Romgaz representatives.

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