The year 2027 will mark the transition of Romgaz from a traditional natural gas producer into an integrated energy group-one that will ensure not only Romania’s energy security but also its food security, through Azomureș, stated Răzvan Popescu, the company’s CEO, during an energy-focused conference on Tuesday.

“2027 truly signifies the transition of Romgaz from a traditional natural gas producer into an integrated energy company-an integrated group that will ensure not only Romania’s energy security but also its food security, via Azomureș. We are involved in natural gas production, storage, electricity generation, and the production of fertilizers. From our perspective, these steps have been recognized-by the Stock Exchange and by major international investors alike. Consider that, for our two bond issuances, over 80% of the investors were large international funds, including international pension funds. This demonstrates that we are no longer merely a local player; rather, we can aspire to become a regional one,” said Popescu at the 8th edition of the Romanian International Energy Conference (RIEC 2026), organized by the Energy Employers’ Federation (FPE).

He emphasized that, beginning with the acquisition of the Neptun Deep project, Romgaz initiated its transformation from a traditional natural gas producer into a broader energy player. The head of Romgaz also brought up the Iernut power plant project-a highly challenging, “inherited” undertaking that went through very difficult phases, eventually reaching a point where the company’s management had to take on the role of EPC (Engineering, Procurement, and Construction) contractor itself-a situation unprecedented for a company with majority state ownership, according to Agerpres.

“For us, the bond issuances, the international credit rating, the interest shown by international investors in the Neptun Deep project, and the overall progress of Romgaz have all served to confirm that we are on the right path. Furthermore, with the aim of adding value to our gas-both that produced onshore and that from the Neptun Deep field-we acquired Romania’s largest chemical complex, Azomureș, in September. We have already integrated it as a branch of Romgaz and are making all the necessary preparations to restart its facilities in stages, beginning in the second quarter of next year,” stated Răzvan Popescu.