Romgaz to expand its activities in 2027 / Azomureș is expected to gradually restart operations from the second quarter

Riana Gegiu

10 November 2026, 19:12

Current Affairs

Foto: Facebook/ ROMGAZ

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Romgaz is preparing to become an integrated energy group in 2027, with activities spanning natural gas production, storage, electricity generation and chemical fertilizers. The announcement was made on Tuesday by the company’s CEO, Răzvan Popescu, at the Romanian International Energy Conference 2026.

The strategy aims to expand Romgaz’s role beyond gas production and trading, with the goal of contributing both to Romania’s energy security and its food security. The company intends to use natural gas for electricity generation and fertilizer production as well.

A central element of the plan is the integration of the Azomureș platform, acquired in September and already converted into a Romgaz branch. The chemical plant’s facilities are expected to restart in stages at the beginning of the second quarter of 2027.

Romgaz’s transformation is supported by its involvement in the Neptun Deep project and the development of the Iernut power plant. The company also aims to strengthen its regional position. According to the management, more than 80% of the investors in the two bond issues were international funds, including pension funds.

Context: Romgaz prepares for winter 2026–2027 and accelerates the Neptun Deep schedule while taking over Azomureș

Prior to the group strategy, Romgaz management said that no gas supply problems are expected for household consumers next winter, with the company securing over 80% of their needs. The statement was made at Eurogas, as CEO Răzvan Popescu warned that industry and other non-household consumers are more exposed to European prices and competition from imported liquefied gas.

On the production side, OMV Petrom and Romgaz announced that the first gas from Neptun Deep could enter the National Transport System in the first half of 2027, six months earlier than initially estimated, while the production plateau is forecast to be reached by the end of the third quarter of 2027. At the same time, Romgaz completed the takeover of the Azomureș plant, with the transaction to become effective on 1 September 2026, including the full takeover of more than 800 employees.