SNGN Romgaz SA (LSE:SNGR)
$ 0.8 0 (0%) Market Cap: 3.08 Bil Enterprise Value: 3.08 Bil PE Ratio: 0 PB Ratio: 0 GF Score: 63/100
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Preliminary 2022 Societatea Nationala de Gaze Naturale Romgaz SA Earnings Call Transcript

Mar 01, 2023 / 10:00AM GMT
Release Date Price: $0.85 (-4.49%)
Operator

Good afternoon, ladies and gentlemen, and welcome to our conference call for discussing the preliminary results recorded by Romgaz Group in 2022. After introducing the speakers, Mr. Razvan Popescu, Chief Executive Officer, will make an opening speech. Thereafter, the Q&A session will take place. (technical difficulty)

Razvan Popescu
SNGN Romgaz SA - CEO

Good afternoon, ladies and gentlemen, and thank you for joining our conference call to discuss the preliminary results recorded by the Romgaz Group in 2022. Yesterday, we published a preliminary annual consolidated report, which includes a brief presentation of our performance recorded last year. Also, an overall presentation of our group is available on our website in the Investors section. I would like to take this opportunity to address certain aspects regarding the market context of 2022, which impacted our group's performance.

According to our estimates, total natural gas consumption in Romania decreased by 16% year-on-year with gas imports reaching 27% weight in total consumption. In the last

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