Last checked at 16 Dec 2015 12:04
CURRENT REPORT
In compliance with the Romanian Capital Market Law No. 297/2004, Art.224 and
CNVM Regulation No. 1/2006
Report date: December 16, 2015Company name: Societatea Nationala de Gaze Naturale ROMGAZ S.A.
Address: Medias, 4 Constantin I. Motas Square, Sibiu County - Romania, 551130Phone/fax no: 004-0269-201020 / 004-0269-846901
Fiscal Code: RO14056826
Trade Register registration number: J32/392/2001
Subscribed and paid in share capital: 385,422,400 RON
Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB), London Stock Exchange (LSE)
Significant event to be reported:
· Natural gas supply to Electrocentrale Bucuresti S.A.
On December 15, 2015, the Board of Directors of S.N.G.N. ROMGAZ S.A. convened in a new meeting in order to analyse whether to continue or not the natural gas supply to Electrocentrale Bucuresti S.A., with the following decisions:
a) The extension of the ongoing Contract No. 34/2015 between S.N.G.N. ROMGAZ S.A. and Electrocentrale Bucuresti S.A. until December 31, 2015, under the same contractual terms and conditions;
b) Signing natural gas supply contracts between S.N.G.N. ROMGAZ S.A. and Electrocentrale Bucuresti S.A. for Households and Heat Producers (HHP) and Non-Households (NH) for the period January 01, 2016 - September 30, 2016, under the same contractual terms and conditions (Contract 34/2015), except for the contractual provisions related to % of penalties and to the chapter on imputation of payment. These aspects are to be renegotiated.
Signing of natural gas supply contracts for the period January 01, 2016 - September 30, 2016 will depend upon signing of the notarized Rescheduling Agreement concurrently with the Contract securing the first-ranking mortgage on immovable property, as soon as possible, but not later than December 29, 2015.
Director General,
Virgil - Marius METEA