Romgaz increased its participation in Depogaz by fixed assets

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Bogdan Tudorache

The shareholders of Romgaz, summoned at the extraordinary general meeting (OGMS) on January 15, did not take any decision on the items on the agenda. They were going to approve the extension of a credit agreement through a loan line opened at BCR, as well as a reduction of its ceiling to 60 million US dollars for issuing letters of bank guarantee.

Instead, the shareholders (the Romanian state) decided to “increase the share capital of S.N.G.N. Romgaz S.A. – The natural gas storage subsidiary Depogaz Ploiești S.R.L., through the contribution in kind to the share capital of the subsidiary with the fixed assets of S.N.G.N. Romgaz S.A. which is helping in the storage activity,” shows a company report.

At the same time, the shareholders approved some changes regarding the Depogaz statute, which thus changed its main activity from “storage” to “service activities adjacent to the extraction of crude oil and natural gas.”

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