Romgaz, Romania’s largest natural gas producer and leading natural gas supplier, has announced the completion of all formalities related to the transaction for the acquisition of Azomureș’s production activities.

With the completion of the transaction, Romgaz is entering a new phase focused on integrating the acquired activities and preparing the necessary steps to resume Azomureș’s production operations.

The integration of Azomureș’s activities will be carried out in line with Romgaz’s strategic objectives and financial discipline principles, with a focus on the efficient use of resources and the creation of long-term value.

“The completion of the transaction formalities marks the beginning of a new phase for ROMGAZ. By taking over Azomureș’s production activities, we are taking an important step in our development and vertical integration strategy, while creating the conditions for higher-value utilization in Romania of the natural gas we produce. This is a strategic project that we are approaching responsibly and with a long-term perspective,” said Răzvan Popescu, CEO of Romgaz.

“We are now entering the operational integration phase. The steps we will undertake are aimed at preparing for the resumption of production and will be carried out rigorously and in stages, with particular attention to the safety of employees, facilities and the entire industrial operation. Safety will remain a key criterion in all decisions and actions we take,” said Aristotel Jude, Deputy CEO of Romgaz.

Throughout the transaction process, Romgaz received specialized advisory support covering the analysis, structuring and completion of the deal. Romgaz was advised by KPMG Advisory SRL as financial consultant, CMS Cameron McKenna Nabarro Olswang LLP SCP as legal consultant, and TÜV Austria România as technical consultant.