Societatea Nationala de Gaze
Naturale “ROMGAZ” SA
Consolidated Board of
Directors’ Report
2018
2018 Consolidated Board of Directors’ Report
Contents
I. 2018 ROMGAZ GROUP OVERVIEW .............................................................................. 3
1.1. Romgaz Group in figures ............................................................................................. 3
1.2. Important events .......................................................................................................... 7
II. THE PARENT COMPANY AT A GLANCE .................................................................. 11
2.1. Identification Data ..................................................................................................... 11
2.2. Company organization ............................................................................................... 12
2.3. Mission, Vision and Values ....................................................................................... 13
2.4. Strategic Objectives ................................................................................................... 14
III. REVIEW OF ROMGAZ GROUP BUSINESS ............................................................... 15
3.1. Business Segments .................................................................................................... 15
3.2. Brief History .............................................................................................................. 18
3.3. Mergers and Reorganizations, Acquisitions and Divestment of Assets ....................... 20
3.4. Group Business Performance ..................................................................................... 21
3.4.1. Company Overall Performance............................................................................ 21
3.4.2. Sales ................................................................................................................... 25
3.4.3. Prices and Tariffs ................................................................................................ 27
................................................................................................ 29
........................................................................................ 31
........................................................................... 34
........................................................................................................... 35
IV. GROUP’S TANGIBLE ASSETS ................................................................................... 36
4.1. Main Production Facilities ......................................................................................... 36
4.2. Investments ............................................................................................................... 41
V. SECURITIES MARKET ................................................................................................. 48
5.1. Dividend Policy ......................................................................................................... 50
VI. COMPANY MANAGEMENT ...................................................................................... 53
6.1. Board of Directors ..................................................................................................... 53
6.2. Upper Management ................................................................................................... 54
VII. CONSOLIDATED FINANCIAL-ACCOUNTING INFORMATION ........................... 57
7.1. Statement of Financial Position .................................................................................. 57
7.2. Statement of consolidated Comprehensive Income..................................................... 60
7.3. Statement of Cash Flows ........................................................................................... 62
VIII. CORPORATE GOVERNANCE ................................................................................. 64
IX. PERFORMANCE OF THE MANDATE CONTRACT/DIRECTORS’ AGREEMENTS 79
Signatures ............................................................................................................................ 80
Page 2 of 80
2018 Consolidated Board of Directors’ Report
Romgaz Group recorded in 2018 a revenue of RON 5,004.2 million, increasing by 9.14%
(RON 419.0 million) as compared to the previous year.
The Net Profit of RON 1,366.2 million was by RON 480.7 million lower than the net profit for
2017 when it recorded an 81.03% increase than in 2016. Following factors influenced the net
profit:
Increase by 51% of petroleum royalty expenses (RON 445 million in 2018 as compared
to RON 294 million in 2017) as a result of National Agency of Mineral Resources Order
no.32/20181 whereby the reference price used to calculate the royalty becomes the
reference price of index CEGH (Central European Gas Hub) Austria;
Increase by RON 164 million (43%) of the windfall tax further to the deregulation of
prices in the gas sector;
Gas field assets impairment of RON 142 million as a result of an internal analysis
regarding their profitability;
RON 47 million impairment of the current Iernut powerplant further to an internal
analysis regarding its profitability;
Doubling exploration costs representing 3D seismic services for the discovery of new
reserves (RON 98 million in 2018 as compared to RON 48 million in 2017);
The consolidated net profit per share was RON 3.54.
The achieved margins of the consolidated net profit (27.3%), consolidated EBIT (30.6%) and
consolidated EBITDA (44.8%) confirm that the Group continues to maintain a high
profitability.
In 2018, Romgaz Group made investments of RON 1,188.5 million, by 47% (RON 368.2
million) higher than in 2017 and the value of the fixed assets commissioned was RON 326.6
million.
In 2018, Romania’s natural gas consumption and Romgaz deliveries were similar to the level
of the previous year, recording a slight evolution, according to ANRE and to the company’s
consumption estimations2.
Natural gas production increased for the second consecutive year, being higher by 3.39%
namely 175 million m3 than the production recorded in 2017 (5,333 million m3 in 2018 vs 5,158
million m3 in 2017). This production, according to estimations, ensured Romgaz a 50.67%
market share of internal gas deliveries for consumption, and a 45.98% market share of
deliveries for the total consumption of Romania.
The 2018 Romgaz electricity production was 1,165.2 GW by 37.48% lower than 2017
production because of the units’ unavailability due to works on the new power plant and to high
gas demand for consumption and storage. According to Transelectrica, Romgaz’ market share
is 1.83%.
1 NAMR Order 32/February 9, 2018 on approving the methodology for setting the reference price for the gas
produced in Romania
2 As ANRE did not publish the gas market monitoring reports from December 2018, the data used for national
consumption are estimated data.
Page 3 of 80
2018 Consolidated Board of Directors’ Report
The table below shows a summary of the main production indicators, royalty and storage
services:
Q4
2017
Q3
2018
Q4
2018
Δ Q4
(%)
Main indicators
2017
2018
Δ ‘18/’17
(%)
1,406 1,282.0
1,393
1,792
103
92
1,411
2,589
104
398.3
284.4
414.5
0.36
Gas production (million m3)
85.86 Condensate production (tons)
Petroleum royalty (million m3)
Electricity production (GWh)
4.07
1.43
537.0
12.3
819.0
52.51
121.8
860.0
119.6
-1.81
Invoiced UGS withdrawal services
(million m3)
Invoiced UGS injection services
(million m3)
5,158
5,742
371
5,333
7,867
3.39
37.01
388
4.44
1,863.8 1,165.2
-37.48
1,745.5 1,949.9
11.71
1,497.6 1,731.2
15.60
Natural gas quantities produced, delivered, injected into and withdrawn from gas storages are
shown in the table below (million m3):
Item
No
0
1.
1.1.
1.2.
2.
3.
4.
5.
Specifications
2016
2017
2018
Ratios
Gross production – total, including:
1
*own gas
*Schlumberger (100%)
Technological consumption
Net gas production (1.-1.2.-2.)
Own gas injected into UGS
Own gas withdrawn from UGS
2
3
4,219.4 5,157.5 5,333.3
4
5=4/3x100
103.4%
4,068.0 4,987.7 5,177.1
103.8%
151.3
169.8
156.3
92.0%
54.5
74.5
86.4
116.0%
4,013.6 4,913.2 5,090.6
103.6%
414.7
462.6
253.5
723.5
348.1
137.3%
479.4
66.3%
Difference from conversion to Gross Calorific Value
4.5
2.7
5.1.
*gas cushion
6.
7.
Delivered own gas (3.-4.+5.-6.)
8.1. Gas sold in UGS
6.9
1.4
51.9
4,057.0 5,380.5 5,220.5
97.0%
79.2
0.0
8.1
-
8.2. Gas delivered to CTE Iernut and Cojocna from Romgaz’s
463.7
506.4
326.7
64.5%
gas
Own gas delivered to the market (7.+8.1.-8.2.)
9.
10. Gas from joint ventures– total, including:
3,672.5 4,874.1 4,901.9
100.6%
149.0
175.5
163.6
93.2%
*Schlumberger (50%)
*Raffles Energy*) (37.5%)
*Amromco*) (50%)
11.
Gas purchase from domestic production (including
imbalances)
75.7
0.3
73.0
11.2
84.9
0.1
90.5
27.0
78.2
92.0%
-
85.4
9.7
-
94.4%
35.9%
12.
Traded domestic gas (9.+10.+11.)
3,832.7 5,076.6 5,075.2
100.0%
13. Gas delivered from domestic production (8.2+12.)
4,296.4 5,583.0 5,401.9
96.8%
14.
15.
Delivered import gas
Gas delivered gas to CTE Iernut and Cojocna from other
sources (including imbalances)
6.8
4.8
33.0
40.3
181.4
549.7%
19.4
48.1%
16.
Total delivered gas (13.+14.+15.)
*
*
Invoiced UGS withdrawal services
Invoiced UGS injection services
4,308.0 5,656.3 5,602.7
99.1%
1,440.9 1,745.5 1,949.9
111.7%
1,367.4 1,497.6 1,731.2
115.6%
Page 4 of 80
2018 Consolidated Board of Directors’ Report
Note: the information are not consolidated; these include the transactions between Romgaz and Depogaz.
*) – as regards Romgaz-Schlumberger association, produced gas is fully included in Romgaz production, and then
split in equal shares between the two partners, and traded separately. With respect to the joint ventures with
Raffles Energy and Amromco, the produced gas does not represent Romgaz production but the value of gas is
reflected in Romgaz revenue, proportionally with its respective participating interest share in the joint ventures.
**)include Romgaz natural gas withdrawal/injection services
Natural gas production lies in the parameters forecasted in the 2018 program, achieving
101.6% of the planned production (5,333 million m3 – achieved vs 5,250 million m3 – planned).
The production level was maintained by the ongoing production rehabilitation projects of the
main fields, workover and recompletion operations for 130 wells, installing new gathering
pipelines and compression units and bringing into production new fields.
The natural gas production evolution during 1997-2018 is shown below:
12
10
10
9.1
8.8
8.4
8
m
c
b
8
6
4
2
0
7.3
7
6.6
6.3
6.2
5.9
5.9
5.8
5.8
5.6
5.7
5.7
5.7
5.6
5.2
5.3
4.2
1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018
Romgaz electricity production decreased by 37.48% as compared to the similar period of 2017,
as noticed in the data shown below, is due to the unavailability of the units for the works
performed at the new power plant and the high gas demand for consumption and storage.
The table below shows the quarterly electricity production for 2018, as compared to 2017:
*MWh*
2017
2
611,483
388,249
465,812
398,300
2018
3
287,287
178,933
284,429
414,539
1,863,844
1,165,189
Variation
4=(3-2)/2x100
46.98%
46.09%
61.06%
108.08%
62.51%
1
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Year total
Page 5 of 80
2018 Consolidated Board of Directors’ Report
Romgaz is one of the largest gas suppliers in Romania. The evolution of gas supplies3 during
2008-2018 is shown below:
3
m
n
o
i
l
l
i
m
7000
6000
5000
4000
3000
2000
1000
0
343
304
680
1018
606
310
81
3
33
181
5572
5563
5513
5200
5156
5304
5529
5055
7
4223
5623
5422
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
Gas from domestic production
Import gas
Q3
2018
Q4
2018
Δ Q4
(%)
Main indicators
Q4
2017
restated
**)
1,343.5
970.1 1,559.6
16.08
1,544.1 1,070.7 1,531.2
-0.84
837.5
799.9 1,164.7
39.07
Revenue
Income
Expenses
1.2
(0.9)
0.6
707.8
269.8
367.5
Share of profit of associates
-50.00
-48.08 Gross profit
97.9
609.9
456.7
627.3
1.70
45.4
34.0
46.69
41.0
27.8
228.8
339.7
Income tax expense
-71.60
-44.30 Net profit
256.0
354.2
-22.44
398.3
673.9
7.43
EBIT**)
EBITDA**)
0.6
0.86
23.6
21.78
Earnings per share EPS**) (RON)
-49.41
-52.03 Net profit ratio**) (% from
26.4
41.1
22.71
-33.21
43.2
-7.47
6,198
6,137
6,214
0.3
Revenue)
EBIT Ratio (% from Revenue)
(%
EBITDA Ratio
Revenue)
Number of employees at the end
of the period
from
* million RON *
2018
Δ ‘18/’17
(%)
2017
restated
**)
4,585.2 5,004.2
4,786.0 5,048.8
9.14
5.49
2,667.7 3,464.3
29.86
1.4
0.6
-57.14
2,119.8 1,585.2
-25.22
316.1
219.0
-30.72
1,803.6 1,366.2
-24.25
1,853.0 1,531.9
-17.33
2,405.5 2,240.0
-6.88
4.79
34.0
40.4
52.46
3.54
27.3
30.6
44.8
-26.10
-19.71
-24.26
-14.6
6,198
6,214
0.3
*) In 2018 the Group voluntarily modified the accounting policy regarding recognition of costs with seismic,
geological, geophysical works and other similar operations. According to the new policy such costs are recognised
as expense when they are incurred. Previously, such costs were recognised as exploration intangible assets.
Information on previous periods were restated to ensure comparability with the current period. At the same time
the Group modified in 2018 the calculation method of the well decommissioning provision, replacing average cost
of equity with the related interest rate of the 10 year liability government bonds as liability discount rate, in
compliance with industry practices. Moreover, in 2018 the Group reanalysed the depreciation of the gas cushion
3 comprises own gas from domestic production, including gas delivered to CTE Iernut and Cojocna, 50% of the
gas from Schlumberger joint venture and gas purchased from the domestic production of other producers
Page 6 of 80
2018 Consolidated Board of Directors’ Report
recorded as non-current asset and concluded that it should not have been depreciated; the correction affected the
previous periods, therefore they have been restated in order to make them comparable to the current period. The
information related to the quarters were not restated to reflect the gas cushion correction; the estimated value of
the depreciation per quarter is RON 2.3 million, the quarterly result shown above is smaller by that amount. More
information on these restatements are shown in the consolidated and individual financial statements annexed to
this report.
**) EBIT and EBITDA for 2017, those related to Q4 2017 respectively and their margins are adjusted by the
income recorded following the completion in 2017 of the fiscal audit related to excise, taking into account the
single nature of such income
Since November 12, 2013 the company’s shares have been traded on the regulated market
governed by BVB (Bucharest Stock Exchange) under the “SNG” symbol, and the GDRs on the
regulated market governed by LSE (London Stock Exchange) under the “SNGR” symbol.
Performance of Romgaz shares compared to the evolution of BET index (Bucharest Exchange
Trading) from listing to December 31, 2018 is shown below:
45.00
40.00
35.00
30.00
e
r
a
h
s
/
N
O
R
25.00
20.00
15.00
10.00
5.00
0.00
3
1
0
2
/
2
1
/
1
1
3
1
0
2
/
8
1
/
2
1
4
1
0
2
.
1
0
.
1
3
4
1
0
2
.
3
0
.
0
1
4
1
0
2
/
5
1
/
4
4
1
0
2
.
5
0
.
9
2
4
1
0
2
.
7
0
.
7
0
4
1
0
2
/
2
1
/
8
4
1
0
2
.
9
0
.
2
2
4
1
0
2
.
0
1
.
8
2
4
1
0
2
.
2
1
.
4
0
5
1
0
2
/
9
1
/
1
5
1
0
2
/
4
2
/
2
5
1
0
2
/
1
/
4
5
1
0
2
/
4
1
/
5
5
1
0
2
/
3
2
/
6
5
1
0
2
/
9
2
/
7
5
1
0
2
/
4
/
9
5
1
0
2
/
2
1
/
0
1
5
1
0
2
/
7
1
/
1
1
5
1
0
2
/
0
3
/
2
1
6
1
0
2
/
8
/
2
6
1
0
2
/
5
1
/
3
6
1
0
2
/
0
2
/
4
6
1
0
2
/
7
2
/
5
6
1
0
2
/
5
/
7
6
1
0
2
/
0
1
/
8
6
1
0
2
/
6
1
/
9
SNG
7
1
0
2
/
1
1
/
1
7
1
0
2
/
7
1
/
2
7
1
0
2
/
7
2
/
3
7
1
0
2
/
4
/
5
7
1
0
2
/
4
1
/
6
7
1
0
2
/
0
2
/
7
7
1
0
2
/
8
2
/
8
7
1
0
2
/
3
/
0
1
7
1
0
2
/
8
/
1
1
8
1
0
2
/
0
3
/
1
8
1
0
2
/
7
/
3
8
1
0
2
/
7
1
/
4
8
1
0
2
/
4
2
/
5
8
1
0
2
/
3
/
7
8
1
0
2
/
8
/
8
7
1
0
2
/
8
1
/
2
1
8
1
0
2
/
4
1
/
9
8
1
0
2
/
2
2
/
0
1
8
1
0
2
/
7
2
/
1
1
6
1
0
2
/
4
2
/
0
1
6
1
0
2
/
9
2
/
1
1
BET
10000.00
9000.00
8000.00
7000.00
6000.00
5000.00
4000.00
3000.00
2000.00
1000.00
0.00
February 12, 2018
ANRM issued Order no.32 providing that the royalty for the gas produced in Romania is
calculated based on the SPOT prices of CEGH as reference price.
March 7, 2018
The General Meeting of Shareholders approved the increase of Romgaz participating interest
in the off-shore exploration-production block EX-30 Trident, by taking over 2.2% free of
charge further to the withdrawal of PanAtlantic from the partnership.
March 29, 2018
ANRE issued Order no.58 on approving the total income, the regulated income, the economic
efficiency annual growth rate and underground gas storage tariffs for the underground gas
Page 7 of 80
2018 Consolidated Board of Directors’ Report
storage activity performed by SNGN Romgaz SA – Filiala de Înmagazinare Gaze Naturale
Depogaz Ploieşti SRL.
April 1, 2018
As of April 1, 2018 the subsidiary managing the gas storage activity is operational under the
name of SNGN Romgaz SA – Filiala de Înmagazinare Gaze Naturale Depogaz Ploiești SRL.
Therefore, subject to EC Directive No. 73/2009 implemented by Electricity and Natural Gas
Law 123/2012 (art. 141), the storage activity is unbundled from SNGN Romgaz SA and
performed by a storage operator, a subsidiary where SNGN Romgaz SA is sole associate.
The Subsidiary took over the operation of underground storages licensed by SNGN Romgaz
SA, the operation of assets that are used for performing the activities and the entire personnel
that performs storage activities.
April 13, 2018
At CET Iernut, an assumed failure (leakage) of the bulkhead isolating an oil separator from
direct discharge of wastewater in the emissary called for repair works. Therefore, on April 13,
2018 further to such works an accidental water-oil emulsion spill occurred, that neither
contained any toxic substances for the aquatic environment nor affected the public health or
Mures river flora and fauna. Further to the findings of SC Centrul de Mediu si Sanatate SRL
Cluj Napoca team of professionals, the volume of water/oil emulsion spill in Mures River was
of about 1.44m3. The National Administration “Romanian Waters” sanctioned the company
with a civil penalty of RON 17,500 and the Environment Guard – Mures County Commission
with a civil penalty of RON 25,000. The company paid RON 214,000 for ecological works
performed in Mures River. The company initiated an investigation to identify the cause of the
incident, and to take all measures to prevent other potential events that may generate accidental
pollution.
May 31, 2018
The American company DeGolyer&MacNaughton performed in H1 2018 an external audit of
Romgaz natural gas reserves and contingent resources, sending the final report to Romgaz on
May 31, 2018.
June 4, 2018
In compliance with GEO no.109/2011 on corporate governance of public enterprises, as
subsequently amended and supplemented, the selection procedure of Board members was
finalised.
June 14, 2018
The Board of Directors decided to appoint Mr. Volintiru Adrian Constantin as chief executive
officer of the company with a four months mandate until completion, in line with the law, of
the selection procedure of the chief executive officer for a four-year mandate.
June 18-26, 2018
The company continued in H1 2018 the actions required for the transition of the integrated
quality, environmental, occupational health and safety management system to the 2015
revisions of SR EN ISO 9001 and SR EN ISO 14001, as well as for fulfilling the requirements
of SR OHSAS 18001.
Further to the external audit performed by SRAC CERT Bucuresti, SNGN Romgaz SA received
confirmation that its integrated quality, environmental, occupational health and safety
management systems fulfil the new requirements, the transition occurred without any findings
of unconformities and therefore, the company received new certificates in compliance with the
reference standards 9001:2015, 14001:2015 and SR OHSAS 18001:2008.
Page 8 of 80
2018 Consolidated Board of Directors’ Report
July 6, 2018
After exercising the cumulative voting method the Company’s shareholders appoint by
Resolution no.8 the following persons as members of the Board of Directors, for a four- year
mandate:
Nistoran Dorin Liviu
Volintiru Adrian Constantin
Ungur Ramona
Grigorescu Remus
Ciobanu Romeo Cristian
Jude Aristotel Marius
Jansen Petrus Antonius Maria.
July 16, 2018
Start of the CEO selection procedure.
August 28, 2018
By Resolution no.39, the Board of Directors appointed Mr. Bobar Andrei as Chief Financial
Officer of the company for a limited period starting from August 28, 2018 to November 2,
2021).
October 1st, 2018
By Resolution no. 45, the Board of Directors appointed Mr. Volintiru Adrian Constantin as
Chief Executive Officer for a four-year mandate.
November 12, 2018
The Romanian Parliament issues Law no.256 on taxation and other measures for performing
off-shore petroleum operations.
December 21, 2018
The initial volume of proved reserves increased further to investments made at some natural
gas commercial fields governed by petroleum agreements, therefore the time period necessary
for their valorisation is higher than initially estimated (that lied under the legal limit of 30 years
provided by the Petroleum Law 238/2004).
In this respect, the Romanian Government approved on December 21, 2018:
Addenda to the Petroleum Concession Agreements for development-production;
Petroleum Concession Agreements for production concluded between the National
Agency for Mineral Resources and Romgaz for 11 commercial fields.
The approval of these petroleum agreements confirms the existence of the concession rights
and consequently the right to produce from these blocks, eliminating the risk mentioned in the
Initial Public Offering Prospectus related to the validity of these petroleum agreements.
December 28, 2018
The Romanian Government issued GEO no.114/2018. Main provisions related to the gas and
electricity market are:
- gas sales price for producers is limited at 68 RON/MWh;
-
regulated electricity price for households, possible gas basket for industrial consumers;
Page 9 of 80
2018 Consolidated Board of Directors’ Report
- 2% contribution from the revenue recorded from natural gas and electricity sales or
from the profit from re-sales, with possible deductions;
- distributing 35% from the amounts allocated to other reserves, if the distribution does
not impact the investment plan and if there is sufficient cash and cash equivalents.
Page 10 of 80
2018 Consolidated Board of Directors’ Report
Name: Societatea Nationala de Gaze Naturale “ROMGAZ” SA
Main scope of activity: natural gas production and UGS
Address: Medias, 4 Constantin I. Motas Square, 551130, Sibiu County
Trade Registry registration number: J32/392/2001
Fiscal registration number: RO14056826
LEI Code: 2549009R7KJ38D9RW354
Legal form of establishment: joint-stock company
Subscribed and paid in share capital: RON 385,422,400
Number of shares: 385,422,400 each having a nominal value of RON 1
Regulated market where the company’s shares are traded: Bucharest Stock Exchange (shares)
and London Stock Exchange (GDRs)
0040 374 401020
Phone:
0040 269 846901
Fax:
Web:
www.romgaz.ro
E-mail: secretariat@romgaz.ro
Bank accounts opened at: Banca Comerciala Romana, BRD-Groupe Société Générale,
Citibank Europe, Patria Bank, Raiffeisen Bank, Banca Transilvania, ING Bank, Eximbank,
CEC Bank.
Shareholder Structure
As of December 31, 2018 the shareholder structure is:
The Romanian State4
Free float – total, including:
*legal persons
*natural persons
Total
FREE
FLOAT
30%
Number of
shares
Number of shares
%
%
269,823,080
70.0071
115,599,320
98,004,388
17,594,932
29.9929
25.4278
4.5651
385,422,400
100.0000
The
Romanian
State
70%
4 The Romanian State through the Ministry of Energy
Page 11 of 80
2018 Consolidated Board of Directors’ Report
In financial year 2018 the Company neither performed transactions with own shares nor held
own shares.
Romgaz organization structure is a hierarchy-functional type, with a number of six hierarchy
levels, from company’s shareholders to execution personnel, as follows:
General Meeting of Shareholders
Board of Directors
Director General
Deputy Directors General
Heads of functional and operational compartments subordinated to the Director
General and to the Deputy Directors General
Execution Personnel
The responsibilities of the Board of Directors are detailed in the Company’s Articles of
Incorporation and as well in the BoD Terms of Reference.
The Director General, the Deputy Directors General, Economic Director, as well as the
branches’ directors are key people in the structure of the company. The heads of compartments
(branches/departments/directions/offices etc.) representing the connection between the upper
structure and the employees of the respective compartment are directly subordinated to the
afore-mentioned.
Each compartment has its own well-defined attributions in the company’s Organization and
Operating Regulation and all these elements work as a whole.
The tasks, competencies and responsibilities of the execution personnel are included in the job
descriptions related to each position.
Until March 31, 2018, the company had seven branches set up based on the specific of the
activities performed and on the region (natural gas production branches) as follows:
Sucursala Medias (Medias Branch) having its office in Medias, 5 Garii Street, postal
code 551025, Sibiu County, territorially organized in 8 sections;
Sucursala Targu Mures (Targu Mures Branch) having its office in Tirgu Mures, 23
Salcamilor Street, postal code 540202, Mures county, territorially organized in 8
sections;
Sucursala Ploiesti (Ploiesti Branch) having its office in Ploiesti, 184 G. Cantacuzino
Street, 100492, Prahova County, territorially organized in 2 sections and 2 workshops;
Sucursala de Interventii, Reparatii Capitale si Operatii Speciale la Sonde Medias
(SIRCOSS – Branch for Well Workover, Recompletions and Special Well Operations)
having its office in Medias, 5 Soseaua Sibiului Street, 551009, Sibiu County,
territorially organized in 3 sections and 5 workshops;
Sucursala de Transport Tehnologic si Mentenanta Targu Mures (STTM – Technological
Transport and Maintenance Branch) having its office in Targu Mures, 6 Barajului Street,
540101, Mures County, territorially organized in 3 sections and 3 workshops;
Sucursala de Productie Energie Electrica Iernut (SPEE – Iernut Power Generation
Branch) having its office in Iernut, 1 Energeticii Street, 545100, Mures County;
Sucursala Bratislava (Bratislava Branch) having its office in Bratislava, City Business
Centre V.-Karadžičova 16, code 82108, Slovakia.
Page 12 of 80
2018 Consolidated Board of Directors’ Report
As of April 1, 2018 Sucursala Ploiesti ceased its activity and SNGN Romgaz SA – Filiala de
Înmagazinare Gaze Naturale Depogaz Ploieşti SRL became operational, managing the natural
gas underground storage activity.
Therefore, subject to EC Directive No. 73/2009 implemented by Electricity and Natural Gas
Law 123/2012 Law, (art. 141), the storage activity is unbundled from SNGN Romgaz SA and
performed by a storage operator, a subsidiary where SNGN Romgaz SA is sole associate.
The Subsidiary took over the operation of the underground storages licensed by SNGN Romgaz
SA, the operation of assets that contribute to performing the storage activity and the entire
personnel performing storage activities.
Information about the Subsidiary can be found at: https://www.depogazploiesti.ro
Romgaz
is energy production and supply, provision of underground gas storage
activities under quality, safety, continuity and flexibility conditions. The company uses all
resources responsible and ethically to obtain long-term profit.
ROMGAZ proposes to be an active, profitable and competitive player on the gas and electricity
production market.
Romgaz has to pursue both a strong development on the local market and the development on
the international market in order to become an important player on the regional energy market.
promoted by Romgaz are mainly the following:
Increasing
the
company's
value for its
shareholders
Care for the
environment
Quality
products
and services
Efficiency
ROMGAZ
Safety for
the
employees
Social
responsibility
Transparency
Sustainable
development
Page 13 of 80
2018 Consolidated Board of Directors’ Report
In order to meet its main business scope by efficiently using material, financial, informational
and human resources, the company set the following strategic objectives:
increase of the gas resources and reserves portfolio through the discovery of new
resources and the improvement of the recovery rate of already discovered resources;
identify new growth and diversification opportunities;
increase the company’s performance;
optimization, development and diversification of the UGS activity by reconsidering its
importance in terms of safety, continuity and flexibility of the natural gas supply;
increase efficiency of the underground gas storages to improve gas trading capacities;
increase daily production through investments that reduce dependency of the daily
production capacity from the reservoir pressure;
maintain the natural production decline at maximum 1.5% /year;
consolidate the position on the energy supply market;
optimise and increase efficiency of the company’s organisational structure;
elaborate a predictable dividend distribution policy to help potential investors
understand the company’s financial structure;
expand the business regionally by identifying new business opportunities;
implement corporate governance principles and the Ethics and Integrity Code;
develop reporting, control and risk management capacities;
responsible and active involvement in corporate social responsibility actions.
Page 14 of 80
2018 Consolidated Board of Directors’ Report
Romgaz Group undertakes business in the following segments:
natural gas exploration and production;
UGS activity (the Subsidiary);
natural gas supply;
special well operations and services;
maintenance and transportation services;
power generation and supply;
natural gas distribution.
In Romania Romgaz is titleholder or co-titleholder of the following petroleum agreements:
as tiltleholder of petroleum operations for exploration-development-production in 9
blocks with 100% participating interest and in 4 blocks as co-titleholder under certain
concession agreements;
154 commercial fields;
exploration and production rights in Slovakia.
Exploration
Since October 1997, the exploration activity has been carried out in 8 blocks in Transylvania,
Moldova, Muntenia, and Oltenia, in accordance with the Concession Agreement approved by
Government Decision No 23/2000.
In 2018, six exploration wells out of ten were tested with gas and temporarily abandoned until
the necessary infrastructure is constructed to turn these into experimental and final production.
The success rate of 60% lies within the average margin of 35%-65% recorded in the
international hydrocarbon production activity.
3,000 million m3 turned from prospective resources to contingent resources by well 7 Merii and
well 4 Tapu.
Romgaz designs and plans all exploration works based on its own concepts by using modern
professional software, assessments of the geological area’s prospectivity displaying specific
features within the blocks under concession. These are performed by using specific surface
exploration methods to identify the areas with hydrocarbon accumulations (prospects),
followed by exploration drilling to prove the presence of accumulations.
The results materialised in 2012in the highest reserve replacement ratios of 323%.
The table below shows the evolution of the reserves replacement ratio during 2009-2018:
Page 15 of 80
2018 Consolidated Board of Directors’ Report
323
155
92
49
94
82
70
102
56
42
%
350
300
250
200
150
100
50
0
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
Reserves replacement ratio was influenced by the reduced volume of updated commercial
fields and by postponing investments in the infrastructure necessary for commissioning
production facilities.
Production
The 2018 annual program for petroleum operations considered the
gas demand dynamics, reactivation, recompletion and workover
operations, bringing in production wells resulted from exploration
activities and production wells, maintenance programs of
compressor stations and of dehydration stations, commissioning of
new compressor units and the dynamics of import gas flows injected
into/withdrawn from UGS.
The company’s gas production was higher than the 2017 production (5,333 million m3 vs 5,158
million m3). According to estimates, this production ensured Romgaz a 50.67% market share
of internal production gas deliveries for consumption and a 45.98% share of deliveries for
Romania’s total consumption.
The production of 5,333 million m3 was by 3.4%, namely 175 million m3 higher than the
planned one, triggered by:
investments made for extension/upgrading of surface facilities; commissioning a new metering
panel for delivering gas into the NTS and a new gathering pipeline for Caragele led to a
production increase of 500 thousand m3/day;
continuous production rehabilitation of the main mature fields Filitelnic, Delenii, Laslău,
Sădinca, Nadeş-Prod-Seleuş, Roman, Corunca Sud, Târgu Mureş, Grebeniş, Piscu Stejari-
Hurezani;
bringing in new wells, performing workover and well recompletion operations.
In 2018 Romania had 8 UGSs in depleted gas reservoirs out
of which 7 were in operation. Romgaz owns and operates 6
UGSs having a total capacity of 4.335 billion m3 and a
working gas volume of 2.920 billion m3.
Nationally, the ratio between the working gas volume and the annual consumption was about
22% in 2018. This level is in the first upper half of the international values chart of Europe.
In 2018 the ratio of stored gas volumes to the working volume of the UGS’s was 69%.
The UGS activity performed by Depogaz Subsidiary is a business segment regulated by
ANRE (National Authority for Energy Regulation) with regard to UGS operators’ licensing
and the access to the UGSs, as well as setting the tariffs related to UGS activity.
Page 16 of 80
2018 Consolidated Board of Directors’ Report
After a thorough restructuring, the natural gas sector is currently
split into independent activities. The Romanian natural gas market
includes a NTS operator (Transgaz), producers (Romgaz and
Petrom with a 97% market share), UGS operators, companies for
the distribution and supply of gas to non-eligible customers, and
suppliers on the wholesale market.
The natural gas market in Romania consists of the competition segment, which includes gas
trading activities between suppliers and between suppliers and eligible consumers, and the
regulated segment, which includes monopoly-like activities performed in accordance with
framework contracts (transmission, underground storage, distribution and supply at a regulated
price).
In terms of supply, Romgaz held during 2010-2018 a national market share ranging between
37 and 46%:
National
consumption
Romgaz traded
volumes (domestic +
import)
Romgaz market
share
M.U.
bcm
2011
14.4
2012
13.5
2013
12.5
2014
12.2
2015
11.6
2016
11.8
2017
12.3
2018
12.3
bcm
6.3
5.9
5.7
5.7
5.1
4.4
5.7
5.7
%
43.87
42.82
44.5
46.1
44.0
37.1
46.3
46.0
The above quantities include gas from own internal production, domestic gas purchased from
third parties, 100% gas from Schlumberger joint venture and import gas. As compared to
previous years, 2018 deliveries include gas delivered to Iernut and Cojocna for electricity
production, as well as technological consumption.
SIRCOSS was set up in 2003 in accordance with the GSM Resolution No5/June 13, 2003.
The branch performs two types of activities:
well workover, recompletion operations and production tests;
special well operations.
All well workover, recompletion operations and production tests operations are performed by
means of rig installations.
The second activity consists of special well operations, namely services supplied by means of
different transportable equipment for downhole or surface operations.
During the past years, most of services were supplied for the wells within the company’s
portfolio, yet, well workover and special well operations were also supplied to other companies
that have under concession and operate gas wells in Romania.
STTM was established in October 2003, by taking over the means of transportation from Medias,
Targu-Mures and Ploiesti branches.
The branch’s scope of activity is the transportation of goods and people, the specific
technological transportation, and the maintenance activity for the benefit of the company and
of third parties.
Page 17 of 80
2018 Consolidated Board of Directors’ Report
CTE Iernut is an important junction point in the National Power Grid located in the centre of
the country, in Mures County on the left bank of Mures River between towns Iernut and Cuci.
Gas supply, industrial water and power discharge facilities are forthcoming.
CTE Iernut is operated under Sucursala de Producţie Energie Electrică (SPEE).
CTE Iernut has an installed capacity of 600 MW split into 4 energy groups: two 100 MW energy
units of Czechoslovakian manufacturing and two 200 MW energy units of Soviet
manufacturing. The groups were commissioned between 1963 and 1967. As of January 20,
2019 the energy units 2 and 3 of 100 MW were excluded from CTE Iernut.
Cojocna Project is an outcome of the pressing need of finding ways to experimentally produce
from a series of wells resulted from exploratory drilling, in order to determine, as detailed as
possible, the production potential of such area. The wells were located far from each other and
from the National Transmission System (NTS).
Therefore, the gas from wells Palatca 1, Vaida 1 and 2 is used as fuel gas for two electricity
generation units, each having 1.5 MW power.
The natural gas distribution is a regulated business segment and the company’s activity is
currently limited to Ghercesti and Piscu Stejari areas. Romgaz has concession agreements with
the Ministry of Economy for Ghercesti area and with Piscu Stejari Town Hall for Piscu Stejari
distribution. The activity is carried out by Targu-Mures Branch.
Societatea Nationala de Gaze Naturale “ROMGAZ” SA is
Romania’s most important natural gas producer and
supplier. The company’s experience in the field of gas
exploration and production exceeds 100 years. Its history
began in 1909 when the first natural gas commercial
reservoir was discovered in the Transylvanian Basin upon
the drilling of well Sarmasel-2.
The most important historic benchmarks are:
Page 18 of 80
2018 Consolidated Board of Directors’ Report
1909
1913
1925
1958
1972
1976
1979
1991
1998
2000
2001
2013
2015
2018
• Natural gas discovery in Sarmasel (Transylvanian Basin)
• First gas production recorded in Romania (113,000 m3)
• Setting up the National Gas Company "SONAMETAN"
•
• First UGS in Romania at Ilimbav, Sibiu County
•
• Use of compressors in the course of production
• Maximum gas production obtained by Romgaz (29,834 million m3)
• Started to import natural gas from the Russian Federation
• Centrala Gazului Metan was reorganized to Regia Autonoma "ROMGAZ" RA
• "ROMGAZ" RA becomes Societatea Naţională de Gaze Naturale "ROMGAZ" SA
• SNGN "ROMGAZ" SA was reorganized in five independent companies (SC "Exprogaz" SA
Mediaş, SNDSGN "Depogaz" SA Ploieşti, SNTGN "Transgaz" SA Mediaş, SC "Distrigaz Sud"
SA Bucureşti şi SC "Distrigaz Nord" SA Tîrgu-Mureş
• The current SNGN "ROMGAZ" SA Medias was established
• Company shares are traded on Bucharest Stock Exchange and London stock Exchange (GDR's)
• Unbundling the underground gas storage activity by setting up Filiala de Înmagazinare Gaze
Naturale Depogaz SRL Ploieşti
• As of April 1, 2018 Filiala de Înmagazinare Gaze Naturale Depogaz SRL Ploieşti became
operational
Page 19 of 80
2018 Consolidated Board of Directors’ Report
Unbundling of underground gas storage activity
In compliance with European and national applicable laws, Directive 2009/73/EC5 and Gas
Law No 123/20126 Romgaz has to legally unbundle the gas storage activity from gas
production and supply activities.
According to the provisions of article 141, paragraph 1 of the Law (which transcribes article
15, paragraph 1 of the Directive) a storage operator under a vertically integrated economic
operator must be independent from other activities not related to transmission, distribution and
underground storage activities at least from legal, organizational and decision-making
perspective.
Therefore, considering the above mentioned matters, it is compulsory to legally unbundle the
gas storage activity from the gas production and supply activities performed by Romgaz by
establishing a separate company to act as independent storage operator.
The Extraordinary General Meeting of Shareholders approved by Resolution no.10/19.12.2014
(item 2) to set up the subsidiary “SNGN ROMGAZ SA - Filiala de Înmagazinare Gaze Naturale
“Depogaz” Ploieşti S.R.L.”.
The subsidiary became operational as of April 1, 2018.
Changes to the organizational structure
A series of changes to the organizational structure were performed in 2018:
Decision no.48 of the Board of Directors of October 1, 2018 modified the company’s
organisational structure by setting up at the headquarters a Legal Department;
Decision no.61 of the Board of Directors of December 14, 2018 modified the
organisational structure at the headquarters and at its branches’ as follows:
headquarters: setting up the Receivable Recovery Office within the Legal
Department and changing the Risk Management Office into Risk Management
Department;
SIRCOSS Medias and STTM Targu Mures – setting up a work team in each
branch.
No mergers of the company took place in financial year 2018.
5 Directive 2009/73/EC of the European Parliament and Council on July 13, 2009 concerning common rules of
the internal market in the natural gas sector and repealing Directive 2003/55/EC
6 Electricity and Gas Law no. 123 of July 10, 2012
Page 20 of 80
2018 Consolidated Board of Directors’ Report
3.4.1. Company Overall Performance
The Company’s revenues are generated mainly from gas production and delivery (own gas
production and delivery, gas produced by joint ventures, import gas deliveries and gas
deliveries from other domestic producers), from supply of underground gas storage services,
from production and supply of electric energy and from other specific services.
Item
no
0
1
2
3
4
5
6
7
Description
1
Total Income, out of which:
*operating income
*financial income
Revenue
Expenses, out of which:
*operating expenses
*financial expenses
Share of associates’ result
Gross Profit
Income tax
Net Profit
* RON thousand *
2017
(reviewed)
2
4,786,044
4,762,911
23,133
4,585,186
2,667,667
2,646,959
20,708
2018
3
5,048,815
4,991,422
57,393
5,004,197
3,464,253
3,388,441
75,812
1,375
622
2,119,752
316,118
1,803,634
1,585,184
219,016
1,366,168
Ratio
(2018/2017)
4=3/2x100
105.49%
104.80%
248.10%
109.14%
129.86%
128.01%
366.10%
45.24%
74.78%
69.28%
75.75%
The Total Income of 2018 was higher than the 2017 income by 5.49%.
Below are the compared economic-financial indicators for 2017 and 2018 and their detailed
structure split by activity:
Compared economic-financial indicators
Description
2017
2018
* RON thousand *
Indices
(2018/2017)
1
Revenue
Cost of commodities sold
Investment Income
Other gains and losses
Net losses from
impairment of trade
receivables
Changes in inventories
Raw materials and
consumables
Depreciation, amortization
and impairment
Employee benefit expense
2
3
4=3/2x100
4,585,186
(61,095)
22,350
(120,068)
(186,651)
5,004,197
(245,020)
53,279
(102,989)
(19,941)
(32,180)
(64,329)
(75.460)
(552.446)
(562,894)
(708,142)
(621,330)
109.14%
401.05%
238.38%
85.78%
n/a
17.24%
117.30%
128.18%
110.38%
Page 21 of 80
2018 Consolidated Board of Directors’ Report
Finance cost
Exploration Expenses
Share of associates’ result
Other Expenses
Other Income
Profit before tax
Income tax expense
Profit for the year
Structure of indicators split by activity-2017
Description
TOTAL
(18,791)
(183,121)
1,375
(29,724)
(247,123)
622
(1,101,933)
(1,409,447)
364,169
2,119,752
(316,118)
18,442
1,585,184
(219,016)
1,803,634
1,366,168
158.18%
134.95%
45.24%
127.91%
5.06%
74.78%
69.28%
75.75%
Underground
Gas Storage
Electricity
* RON thousand *
Settlement
between
segments
Other
activities
Gas
production
and deliveries
2017
including:
2
4,585,186
3
3,760,366
4
566,246
5
545,317
6
264,544
7
(551,287)
(61,095)
(50,038)
(7)
(10,313)
(737)
22,350
321
1,488
26
20,515
(122,068)
(84,297)
(3,271)
(1,672)
(32,828)
(186,651)
(117,084)
(72,025)
124
2,334
-
-
-
-
(64,329)
(46,681)
(9,695)
(1,167)
(10,369)
3,583
(552,446)
(431,820)
(95,827)
(6,560)
(18,239)
(562,894)
(357,407)
(54,832)
(33,432)
(117,223)
1
Revenue
Cost of commodities sold
Investment Income
Other gains and losses
Changes in inventories
Raw materials and
consumables
Depreciation,
amortization and
impairment
Employee benefit
expense
Finance cost
(18,791)
(17,143)
(1,648)
Exploration Expenses
Share of associates’ result
(183,121)
(183,121)
1,375
-
-
-
-
-
-
-
-
1,375
Other Expenses
Other Income
Profit before tax
Income tax expense
Profit for the year
(1,101,933)
(1,119,837)
(75,083)
(389,388)
(66,064)
548,439
364,169
362,945
198
39
1,722
(735)
2,119,752
1,716,204
255,544
102,974
45,030
(316,118)
-
-
-
(316,118)
1,803,634
1,716,204
255,544
102,974
(279,322)
-
-
-
Description
Structure of indicators split by activity-2018
Gas
production
and
deliveries
3
2018,
including:
TOTAL
2
1
Revenue
5,004,197
4,522,558
* RON thousand *
Underground
gas
storage
Electricity
Other
activities
Settlement
between
segments
4
355,135
5
6
7
388,514
356,486
(618,496)
Cost of commodities sold
(245,020)
(212,492)
(142)
(34,084)
(805)
2,503
Investment income
53,279
74
456
10
52,739
Other gains and losses
(102,989)
(61,366)
2,970
(2,446)
(42,147)
Loses from impairment of
trade receivables
Changes in inventories
Raw materials and
consumables
(19,941)
(20,103)
-
163
(1)
(32,180)
(13,380)
(21,606)
77
2,729
(75,460)
(54,882)
(21,530)
(1,213)
(11,033)
13,198
Page 22 of 80
-
-
-
-
-
-
-
-
-
2018 Consolidated Board of Directors’ Report
Depreciation, amortization
and impairment
Employee benefit expense
(708,142)
(529,727)
(98,481)
(61,512)
(18,422)
(621,330)
(390,737)
(57,578)
(34,411)
(138,604)
Finance cost
(29,724)
(25,815)
(3,909)
Exploration expense
(247,123)
(247,123)
Share of associates’ result
622
-
-
-
-
-
-
-
-
622
-
-
-
-
-
Other expenses
Other income
Profit before tax
Income tax expense
Profit for the year
(1,409,447)
(1,504,998)
(151,725)
(281,861)
(76,755)
605,892
18,442
16,575
3,757
82
1,125
(3,097)
1,585,184
1,478,584
7,347
(26,681)
125,934
(219,016)
-
(754)
-
(218,262)
1,366,168
1,478,584
6,593
(26,681)
(92,328)
-
-
-
Revenue and the revenue weight on activity segments is shown in the table below:
Description
2016
2017
2018
and delivery
Gas production
activity
UGS activity
Electricity generation and delivery
activity
Other activities
Settlement between branches
TOTAL Revenue
RON
mil
2,857.7
358.6
399.0
239.2
-442.7
3,411.9
% R
83.76
10.51
11.69
RON
mil
3,760.4
566.2
545.3
% R
82.01
12.35
11.89
RON
mil
4,522.6
355.1
388.5
% R
90.37
7.09
7.76
7.01
-12.98
100.00
264.5
-551.3
4,585.2
5.77
-12.02
100.00
356.5
-618.4
5,004.2
7.12
-12.35
100.00
The financial income is higher by 148.1% than the one recorded in the previous year. Financial
income consists mainly of interests from cash in bank deposits and in state bonds.
Description
Year 2017
Year 2018
Ratio
(RON thousand)
2
(RON thousand)
3
2,646,959
20,708
2,667,667
3,388,441
75,812
3,464,253
(2018/2017)
4=3/2x100
128.01%
366.01%
129.86%
1
Operating expenses
Financial expenses
Total expenses
Financial Expenses
Financial expenses during 2018 are higher by 366.1% as compared to the previous year due to
impairment recorded in connection with the investment made by the Group in Electrocentrale
Bucuresti.
Chapter 7 shows more details on the different categories and a comparative assessment thereof.
Compared financial results are shown in the table below (RON thousand):
Page 23 of 80
2018 Consolidated Board of Directors’ Report
Description
2017
2018
1
Operating results
Financial results
Share of associates’ result
Gross result
Income tax
Net Result
2
2,115,952
2,425
1,375
2,119,752
316,118
1,803,634
3
1,602,981
(18,419)
622
1,585,184
219,016
1,366,168
Ratio
(2018/2017)
4=3/2x100
75.76%
n/a
45.24%
74.78%
69.28%
75.75%
Gross result during January – December 2018 in amount of RON 1,585,184 thousand is lower
than the gross result of the similar period of 2017 by 25.22%.
The 2018 financial result is below the 2017 one, due to the impairment recorded in connection
with the investment made by the Group in Electrocentrale Bucuresti.
of the company is also emphasized by the evolution of indicators
presented in the table below:
Indicators
1
Working capital (WC)
Working capital requirements (WCR)
Net cash
Economic Rate of Return (ERR)
Return on Equity
Return on Sales
Return on Assets
EBIT
EBITDA
ROCE
Asset Solvency
where:
Calculation
Formula
2
Clt-Af =
E+Lnc+Pr+Si-Af
(Ast-L+Pp) -
(Lcrt-Crst+Idf)
WC-WCR = L-Crst
Pg/Cltx100
Pn/Ex100
Pg/Rx100
Pn/Ax100
Pg+Exi-Ir
EBIT+Am
EBIT/Cempx100
E/Lx100
M.U.
3
RON
mil
RON
mil
Ron
thousand
%
%
%
%
RON
thousand
RON
thousand
%
%
2017
restated
4
2018
5
3,384
3,157
227
22.46
19.92
47.57
17.09
2,159
2,708
22.23
85.80
1,894
1,327
567
19.01
17.80
31.68
14.96
1,532
2,240
18.37
84.05
Clt
Af
E
Lnc
Pr
Si
Ast
L
Pp
long-term capital;
non-current assets;
equity;
non-current liabilities;
provisions;
investment subsidies;
short term assets;
liquidity position;
Prepayments;
Idf
Pg
Pn
R
A
Exi
Ir
Am
Cemp
deferred income
gross profit;
net profit;
revenue;
total assets;
interest expense;
interest income
amortization and impairment;
capital employed (total assets–current liabilities)
Crst
short-term credit;
L
total liabilities
Page 24 of 80
2018 Consolidated Board of Directors’ Report
3.4.2. Sales
Sales’ evolution and perspective
The entire quantity of gas traded by Romgaz was sold on the internal market. Romgaz traded
quantities delivered on free market both by bilateral negotiation and on the centralized market.
Quantities delivered during 2018 have been traded 60% on the Romanian centralized market.
Description
2018
2017
2016
2018/2017 2017/2016
Delivered gas
mil.cm
5,602.7
5,656.3
4,308.0
-0.95%
Sales to third parties
mil.cm
5,256.6
5,109.6
3,839.5
2.88%
Gas for electricity production in
own power plant
mil.cm
346.1
546.7
468.5
-36.69%
31.30%
33.08%
16.69%
From the total of quantities of gas delivered to third parties the following available means of
trade have been used:
gas delivered on the basis of contracts concluded on centralized markets: 35.99 TWh;
gas delivered on the basis of bilateral contracts: 19.01 TWh
Even if ROMGAZ’s gas production increased, the volumes delivered in 2018 recorded a
sensitive decrease, approximately 99% as compared to those recorded in 2017 and the volumes
from own production reaching 97% as compared to 2017.
Nevertheless, gas delivered to third parties increased by 2.8%, mainly due to contribution of
quantities of import gas and decrease of the quantities delivered to CET Iernut. It is worth
mentioning the increase of traded import gas with 150 million m3 beyond the level of 2017; this
increase partially compensated the decrease of gas volumes traded from underground storages
that was of approximately 250 million m3. At the same time, the quantity of gas used at CET
Iernut decreased by 64% as compared to 2017, namely approximately 200 million m3. The
status of deliveries and sources is shown in the table from pages 4-5.
As regards the means of trading through Romanian centralized markets, Romgaz’s weight was
significant, approximately 54% of the total of gas traded on these markets with delivery in 2018
were sold by Romgaz. In terms of quantity, Romgaz traded over 35 TWh with delivery in 2018
on centralized markets, from the total of 65 TWh, representing the total transactions performed
on these markets with the same period of delivery.
Starting with September 2018 the short term centralized markets became operational and
Romgaz started to be active on the day ahead market, respectively intraday market in order to
optimize the sales on one hand and to balance the portfolio, on the other hand.
For 2019 the perspectives for the company’s gas trades are characterized by:
conclusion during 2018 of contracts with delivery in 2019 for approximately 60% of the
sales estimates for this year;
the large majority of gas quantity has been contracted on centralized market,
approximately 60%, maintaining the percentage of 2018. For gas traded on centralized
markets with delivery in 2019, Romgaz obtained an annual weighted average price of
RON 91/MWh, similar with the price obtained on the market (considering all available
sources, average prices obtained by other sellers in the market especially competing
producers or competing sources from import);
Page 25 of 80
2018 Consolidated Board of Directors’ Report
Uncertainties occurred by GEO no.114/20187 including measures that significantly
affects the company’s business, especially by capping the price at RON 68/MWh for
gas sold from current domestic production and enforcing the contribution of 2% on
revenue. The impact over Romgaz’s business will be determined following the
preparation of secondary legislation by ANRE.
Implementation of projects that will increase the capacities of exporting gas from
Romania to other countries (especially to Hungary and Bulgaria), which would lead to
a proper interconnection of gas transmission networks from Romania and would
represent an alternative in terms of gas trade. This aspect must be viewed in connection
with the regulation framework that will be prepared by applying GEO no. 114/2018.
We estimate the preservation of gas production and sales, corroborated with a decrease of
energy production at CET Iernut for 2019 considering the works that will be performed to put
the new power plant into operation.
Given GEO no. 114/2018 and the secondary legislative framework, Romgaz estimates an
increase of total gas demand on the market, especially due to stimulating consumption at a
regulated price below the current price level, both on household market and, especially on the
industrial customer market.
The competitive status and share in the market of the company’s products and services
During 2018, the Romanian gas market continued to apply the European regulations in the field,
especially for the preparation and application of Network Code, in accordance with Regulation
312/2014 on balancing the gas transmission systems. The entire secondary legislation
necessary to implement the entry-exit system has been prepared, and the Virtual Transaction
Point and short term markets became operational, on one hand, and long and medium term
markets of standardized products became operational as well, on the other hand.
On gas market, as regards the sources, the competition was favourable for internal producers,
considering the prices relatively high for import gas. However, the additional gas demand and
the suppliers’ obligations related to gas storage as well led to creation of opportunities for
import gas.
According to the company’s estimates, the national gas demand remained at an approximatively
constant level as compared to 2017. Import of gas on the Romanian market recorded an increase
by approx. 16 TWh, while the quantities imported by Romgaz were of approximately 2 TWh.
These increased quantities together with the additional Romgaz production compensated the
lower quantities delivered on the market by the other participants in the market.
In accordance with the data provided by the system operator, the national electricity production
was of 63,933,510 MWh in 2018. On this market, Romgaz held a market share of 1.82% below
the share of 37.67% recorded in the previous year.
The yearly evolution of electricity production and market share:
Description
2018
(MWh)
2017
2016
(MWh)
(MWh)
2018/2017
(%)
2017/2016
(%)
Domestic production
63,933,510
63,747,760
64,288,078
Romgaz’s production
1,165,055
1,863,788
1,628,368
Romgaz’s market share
1.822
2.924
2.533
0.29
-37.49
-37.67
-0.84
14.46
15.43
7 GEO no.114 on December 12, 2018 establishes measures in the field of public investments and some fiscal-
budgetary measures, amends and supplements some pieces of legislation and extends some deadlines.
Page 26 of 80
2018 Consolidated Board of Directors’ Report
As regards the generation sources, during November 2018, the electricity was produced by
(approximate levels, ANRE source, market reports):
30% hydro;
22 % coal;
18 % nuclear;
15% gas;
15 % renewable sources and other producers
The situation of Romanian gas market allowed the company to have an extended portfolio of
customers both on centralized markets and as regards the contracting by direct negotiation.
Moreover, the company has a balanced portfolio as regards the ratio of the final consumer
market (especially the power plants) to wholesale market where it sells gas to suppliers.
3.4.3. Prices and Tariffs
The regulatory framework for natural gas production, transmission, distribution, supply and
storage, organization and operation of the gas sector, market access as well as criteria and
procedures for granting authorizations and/or licenses in the natural gas sector are set by Law
No 123/2012.
Romgaz Group operates both on regulated market, performing underground gas storage and
distribution activities, and on the free market, performing gas and electricity production and
supply activities.
Underground Gas Storage (UGS)
The revenues from the underground storage business and the storage tariffs are regulated since
April 1, 2004, by ANRGN Decision no. 1078/2003, abrogated by ANRE Order no. 22 of May
25, 2012 on approval of the Methodology for approving prices and setting regulated tariffs in
the gas sector, published in the Official Gazette of Romania no. 379 of June 6, 2012.
The storage tariffs applied for the two compared periods are those approved by ANRE Order
no. 58 of March 27, 2015 (between January 1, 2017 and March 31, 2018) and ANRE Order no.
58 of March 29, 2018 (starting on April 1, 2018), respectively.
There must be mentioned that ANRE Order no.9 of March 23, 2016 and Order no. 19 of March
30, 2017 extended the term for applying Order No. 58/2015.
The storage tariffs applied are described in the table below:
Tariff Component
M.U.
Volumetric component for gas injection
Fixed component for capacity reservation
Volumetric component for gas withdrawal
RON/MWh
RON/MWh/
storage cycle
RON/MWh
Tariffs
(January 1st,
2017- March
31, 2018)
2.37
13.68
Tariffs
(starting on
April 1st,
2018)
1.68
9.90
1.87
1.67
Page 27 of 80
2018 Consolidated Board of Directors’ Report
Natural Gas Supply
The final gas price for the customer is the sum of the weighted average gas acquisition price,
the tariffs of transmission, storage and distribution, and the trading component, according to
the following formula:
Final price = Weighted average price of gas acquisition + Transmission tariff + Storage tariff
+ Distribution tariff + Trading component
The distribution tariffs depend on the distribution area and on the distribution system operator.
Regulated prices and tariffs are calculated by the “revenue-cap” method for underground
storage and gas transmission and by the “price-cap” method for regulated distribution and
supply.
According to the provisions of Article 181, paragraph (5) of Law No. 123/2012, the domestic
gas acquisition price on the regulated market is set by Government Decision, at the proposal
of the competent ministry, and is updated by ANRE and ANRM, in accordance with the
provisions of the Calendar for gradual deregulation of prices for the final customers.
The table below shows the gas supply average prices in the period 2016-2018:
Description
1
Average supply price for internal gas
production8
Average price for import gas
M.U.
2
RON/1000 m3
RON/MWh
RON/1000 m3
RON/MWh
2016
3
698.30
66.36
2017
4
695.74
66.33
2018
5
783.42
74.94
1,597.47
898.27
1,134.84
105.74
83.81
105.65
Natural Gas Distribution
Distribution tariffs and final regulated prices valid during the period analysed have been
approved by ANRE Orders, as follows:
ANRE Order No. 57/2015 on modification of ANRE Order no. 120/2014 on setting
regulated tariffs for gas distribution services and approval of prices for regulated gas
supply performed by Societatea Natională de Gaze Naturale "ROMGAZ" - S.A. Medias,
(as of July 1, 2015);
ANRE Order No. 58/2016 on setting regulated tariffs for gas distribution service and
approval of prices for regulated gas supply performed by Societatea Nationala de Gaze
Naturale "ROMGAZ" - S.A. Medias (as of October 1, 2016);
ANRE Order No. 89/2017 on setting the regulated tariffs for gas distribution services
and approval of prices for regulated gas supply performed by Societatea Naţională de
Gaze Naturale "ROMGAZ" - S.A. Medias (as of October 1, 2017);
ANRE Order No. 146/2018 on setting the regulated tariffs for gas distribution services
and approval of prices for regulated gas supply performed by Societatea Naţională de
Gaze Naturale "ROMGAZ" - S.A. Medias (as of August 1, 2018).
The applied tariffs and prices are presented in the table below:
Description
Distribution tariffs (RON/MWh):
*B1 consumption up to 23.25 MWh
July 1, 2015
–
September
30, 2016
October 1,
2016-
September
30, 2017
October 1,
2017-
August 31,
2018
August 1,
2018-
present
44.01
44.01
52.48
52.70
8 Including commodity gas and gas from the association with Schlumberger and without storage services costs
Page 28 of 80
2018 Consolidated Board of Directors’ Report
*B1 annual consumption between 23.26 and 116.28 MWh
*B1 annual consumption between 116.29 and 1,116.78
MWh
*B1 annual consumption between 1,116.79 and 11,627.78
MWh
Final regulated prices (RON/MWH):
*B1 consumption up to 23.25 MWh
*B1 annual consumption between 23.26 and 116.28 MWh
40.06
44.01
40.06
44.01
47.91
47.01
47.91
47.01
40.06
40.06
45.77
46.21
117.75
113.13
117.75
113.13
123.27
118.49
152.23
147.44
On December 31, 2018 Romgaz Group had 6,132 employees and SNGN Romgaz SA had 5,626
employees. As of April 1, 2018 a number of 504 employees terminated their labour contracts
concluded with the company continuing their activity under Depogaz Subsidiary.
The evolution of the company’s number of employees between January 1, 2015 – December
31, 2018 is shown in the table below:
Description
2015
2016
2017
2018
Romgaz Group
SNGN Romgaz
SA
1
Employees at the beginning of the
year
Newly hired employees
Employees who terminated their
labour relationship with the company
2
6,344
3
6,356
4
6,246
159
147
168
278
233
281
6,198
286
270
Employees at the end of the year
6,356
6,246
6,198
6,214
6,198
241
751
5,688
The structure of employees at the end of 2018 was the following:
a) by level of education
University
Secondary education
Foreman education
Vocational school
Middle school
b) by age
under 30 years
30-40 years
40-50 years
50-60 years
over 60 years
c) by activities
gas production
production tests/well special operations
health
transportation
gas storage
24.64 %
28.02%
3.15 %
33.26 %
10.93 %
4.43 %
14.55 %
35.68 %
36.58 %
8.77 %
63.53 %
11.52 %
1.29 %
8.43 %
8.46 %
Page 29 of 80
2018 Consolidated Board of Directors’ Report
electricity production
6.76 %.
Distribution of Romgaz employees by headquarters and by branches is shown in the figure
below:
STTM
9%
SIRCOSS
12%
Iernut
Branch 8%
Headquarter 8%
Medias Branch
34%
Targu Mures
Branch
29%
The structure of the company’s employees from the headquarters and from branches is shown
in the table below:
Entity
Workers
Foremen
1
Headquarters
Mediaş Branch
Targu-Mures Branch
SIRCOSS
STTM
Iernut Branch
TOTAL
2
3
37
1,494
1,319
517
397
273
4,037
88
53
52
20
42
255
Administrative
Employees
4
Total
5
428
338
271
147
107
105
465
1,920
1,643
716
524
420
1,396
5,688
The main areas of training in 2018 were the increase of competitiveness and professional
performance by improving the professional training.
Thus, the following were taken into account:
training of administrative employees in various areas of activity, in cooperation with
training suppliers from the country and abroad;
authorization/re-authorization, according to specialization and work;
skills improvement and vocational training of workers through internal training courses.
A number of 2,414 employees were trained during 2018 and the costs of such professional
training and skills improvement training courses were of RON 1,577,499.
The annual training program was implemented as follows:
1,352 persons participated in professional training programs with professional subjects
applicable to their activity;
684 persons participated in training courses to obtain authorization/re-authorization in
accordance with their specialization and work place;
372 persons participated in internal training courses;
Page 30 of 80
2018 Consolidated Board of Directors’ Report
6 persons participated in qualification courses at work place.
During 2018, the professional training activity focused mainly on sustaining the increase of
adaptability to new economy requirements based on knowledge, in order to ensure and update
the required competencies for employees working in the technical, economic and research-
development field etc.
Within Romgaz there are two trade unions, as follows:
“Sindicatul Liber din cadrul S.N.G.N. Romgaz S.A.”, consisting of 6,146 members;
“Sindicatul Extracţie Gaze şi Servicii”, consisting of 10 members.
Thus, the total number of union members within Romgaz Group is 6,156 as compared to 6,214
representing the total number of employees. The union members/total number of employees
ratio is 99.07%.
Relationship between manager and employees: following negotiations, the parties have agreed
to conclude a Collective Labour Agreement, valid for 2017 and 2018. On November 28, 2018,
by an addendum, the parties set the extension of the Collective Labour Agreement concluded
by SNGN Romgaz SA, registered at Territorial Labour Inspectorate Sibiu under no
22606/28.12.2016, valid from December 29, 2018 until December 28, 2019.
During 2018, there were two conflicts between the management and the trade union, in
progress on December 31, 2018 (see Annex 2 – Litigations: Items 55 and 384).
In 2018, the environment protection activity continued to focus on compliance of Group’s
business with the applicable legal requirements on environment protection. Another aim was
meeting specific objectives related to:
Increase of awareness regarding compliance with legal requirements;
Pursuing the accomplishment of all reports imposed by the environment legislation in
force, by centralizing the information required and reported by Romgaz Branches and
submitted to public authorities;
Rendering efficiency to environment protection, a support for the management process.
The environment protection activities during 2018 focused on:
Complying with permitting requirements:
Complying with legal requirements relating to environment permits for all 144 units.
In this respect, the conformity degree is 100%.Thus, for 6 units the company has
required and obtained the review of the permits, for 7 units reauthorisation was
requested and obtained, for 4 units documents for temporary interruption of the
activity have been submitted and for 7 units documents for abandoning gas
production wells;
Complying with legal requirements regarding waste water management permits, for:
88 units, for which the conformity degree is 100% to be noted that for 7
units re-authorization permits are in process of being obtained, for 13 units
a point of view for necessity of reauthorisation was requested and for 2
objectives abandoning documentation was submitted;
Page 31 of 80
2018 Consolidated Board of Directors’ Report
40 units related to reservoir water systems/injection wells, out of which one
is in process of obtaining the re-authorization and for 3 units the abandoning
documentation was submitted;
A company-wide application has been developed to monitor environment/water/injection
permits, and to permanently analyse and continuously supervise compliance with legal
requirements in the field of environment protection;
Disposal of waste generated from own activity, according to the legal requirements in force.
In 2018, the company managed a quantity of 4,841,647 tons of waste, out of which 785.049
tons were recycled and co-incinerated (744.904 tons were recycled and 40.145 tons were
co-incinerated), 38.445 tons of waste were disposed by incineration and 4,018.153 tons of
waste were disposed by storage.
2018 AMOUNT OF GENERATED WASTE (4,841.647 tons)
38
785
4 842
6 000
5 500
5 000
4 500
4 000
Quantity disposed by storage
Quantity recycled and co incinerated
Quantity disposed by incineration
In 2018, the “Program for Prevention and Reduction of Waste Generated by S.N.G.N. Romagaz
S.A.” pursued the accomplishment of the measures thereunder and this can be consulted
accessing
link https://www.romgaz.ro/ro/content/program-de-prevenire-si-reducere-
cantitatilor-de-deseuri.
the
The Program aims at identifying the objectives, targets and policy actions the company is
required to comply with in its waste management activity in order to fulfil the company’s
strategic objectives.
Monitoring the compliance with legal requirements on environment protection. In 2018
Romgaz did not exceed the limits permitted by regulations in force, with the effluents
discharged into surface water bodies or sewage networks;
In 2018, three external environment complaints was recorded, as follows:
Pollution with oil products into the Mures river. It has been strictly pursued the
implementation of all measures imposed by the two regulation authorities in the
field, namely the Water Basin Administration Mures and the National
Environmental Guard of Mures County, requested by finding documents. With
due urgency, Romgaz undertook all necessary measures to minimise the effects
of pollution with oil products and determined technical and organizational
measures to prevent these type of event;
Non-compliance with some legal requirements related to a proper management
of reservoir water- structure Petis (well 11 Petis) and infringement of rules
Page 32 of 80
2018 Consolidated Board of Directors’ Report
related to tonnage access and legal speed admitted on the access roads to well
11 Petis. In this respect, in accordance with the CEO’s Decision no 91/2018, a
Commission has been established to verify the event. This complaint was
partially unjustified, the pollution with reservoir water was not found, this being
properly managed by the company. For the aspects related to access to wells and
in order to prevent this kind of incidents, an operational procedure on “Works to
ensure access, to prepare the well site for the units where works at the well are
to be performed” has been prepared, thus ensuring the collaboration with local
authorities for the access to wells locations using public roads;
Pollution with reservoir water and hydrocarbons on the plaintiff’s land FPGN
Oniscani. Following the internal inspections, analysis of the soil samples,
resulted that the values/hydrocarbons samples or chloride content were not
exceeded, the conclusion being that there was no pollution generated by
Romgaz’s activity. In this respect, the plaintiff and the National Environment
Guard Mures County have been notified over the conclusion of expertise;
After extending the scope of business by taking over Iernut thermoelectric power plant, the
aim was complying with the legal requirements applicable in this field of activity, in 2018
being monitored the emissions for burners IMA 1, 4, 5.
As of December 31, 2018, Romgaz held in the account of the Sole Register of Greenhouse
Gas Emissions a number of 279,103 CO2 certificates.
Romgaz acquired as linking availability (availability of EUA – ERU certificates
correlation) a number of 51,598 ERU certificates available to be used for conformity
during 2013 – 2020.
According to Decision No.1096 of December 17, 2013 for the approval of provisional free
allocation of greenhouse certificates to electricity producers during 2013-2020, as operator,
Romgaz received CO2 certificates, as follows:
Operator
Installation
SNGN
Romgaz
SA
SNGN
Romgaz SA -
CTE Iernut
2013
2014
Annual allocation (tCO2/year)
2015
2016
2017
2018
2019
2020
962,085 824,645 687,204 549,763 412,322 274,882 137,441
-
based on the recommendations made by the Due Diligence Study, performed with the aim
of establishing the conformity level of the company to the environmental legislation in
force, identification of past and present environmental issues, as well as future
environmental risks the company may face, a Report on Significant Environment Issues
Remediation was prepared whereby costs, solutions and implementation terms for remedy
measures were assumed. In 2018, Romgaz continued to monitor the implementation of
permanent measures and of multiannual implementation terms measures contained in the
Remediation Report (maintaining the perchloroethylene consumption below 1 ton/year for
each location so that the provisions of Government Decision no. 699/2003 on setting
measures to reduce emissions of volatile organic compounds due to use of organic solvents
for specific activities and installations, locating industrial objectives at sufficient distance
from the protected receptors; reducing fugitive emissions in the area of calibration tanks,
of metal tanks and of concrete tanks for temporary storage of reservoir water by equipping
the tanks with ecological dispersion systems, periodic payment to the “Closing Fund” until
the set value of provision is met for the specific waste storage at Ogra, annual monitoring
frequency for Dumbravioara drilling waste storage closed in 2003, etc.);
Page 33 of 80
2018 Consolidated Board of Directors’ Report
scheduling and organizing the environmental internal inspection, in order to verify the
conformity with legal requirements applicable to inspected activities.
In 2018, 46 environmental internal inspections were scheduled and performed from
Romgaz headquarters on authorized units of the branches, further to which 16 Reports of
Determined Nonconformity were made, out of which 11 were closed within assumed time
limit, 5 open (within assumed time limit). Also, Romgaz’s activity complies with the
applicable environment legal requirements, in 2018 the degree of fulfilment identified
further the application of an evaluation method was 98.77%, this representing a very good
value indicating a potential of improvement;
assessment of conformity level to environmental protection requirements and contractual
requirements of contractors and sub-contractors of drilling works contracted by Romgaz in
2018;
implementation of the 2018 action/measure programs for prevention and/or minimization
impact on the environment, that were implemented as follows: landslide fighting;
modernization of reservoir water storage tanks; installing waste water collection tanks;
transforming abandoned wells into reservoir water injection wells and so on.
In 2018, the Environmental Guard and the Water Basin Administrations made 70 inspections
at Romgaz locations. Following such inspections, the company paid fines of RON 75,000 due
to:
accidental pollution with oil products (emulsion) into Mures river, on April 13, 2018.
The incident did not cause fishing mortality, all subsequently measures imposed by the
authorities being implemented. Also, due to this ecological hazard, the company paid
the expenses in the amount of RON 183,200 related to operations of depollution of
Mures river performed by Apele Romane;
non-compliance with legal requirements regarding the authorization of activities
submitted for environment permitting on July 20, 2018 when National Environment
Guard of Harghita County was notified over the incident occurred at well 25 Chedea.
By the time of the inspection performed by authorities, well 25 Chedea was not included
in the environment permit, being put into function in 2017. Therefore, the company
paid a fine in the amount of RON 30,000 (RON 15,000 paid in 48 hours).
During 2018, the competent state institutions, namely the Territorial Labour Inspectorates made
3 inspections. No deficiencies were noted.
Individual protection equipment was acquired, based on the framework agreements and
subsequent contracts, for all the employees of the company.
Also, a number of 3,985 influenza vaccine doses were acquired, in accordance with the demand
of the branches/headquarters.
According to the Collective Labour Contract, voluntary health insurance services were
acquired, of supplementary type, for all the employees. The contract for voluntary health
insurance services concluded by the company expired on December 27, 2018 and by the date
of this report no contract has been signed.
Page 34 of 80
2018 Consolidated Board of Directors’ Report
The summarized breakdown of litigations where Romgaz is involved as of December 31, 2018
is the following:
385 litigations, out of which:
313 cases where Romgaz is plaintiff;
64 cases where Romgaz is defendant;
8 cases where Romgaz is civil party/injured party;
The (approximate) total value of the files where Romgaz is plaintiff amounts RON
2,140,374,680.21;
The (approximate) total value of the files where Romgaz is defendant amounts RON
305,769,187.06 and EUR 60,000;
The (approximate) total value of the files where Romgaz is civil party amounts RON
286,345,970.55.
The detailed list of litigations is shown in Annex 2 of this Report.
Page 35 of 80
2018 Consolidated Board of Directors’ Report
The occurrence and thereafter the development and gradual diversification of what was truly
going to be the Romanian natural gas infrastructure has an important benchmark, year 1909,
when the first gas reservoir was discovered by drilling well 2 Sarmasel (Mures county).
During the immediately following years, a gas infrastructure unique in Europe for those times
started to outline at a reduced scale, consisting of the following assets:
gas transmission pipeline, the first of this kind in Europe, build in 1914,
connecting towns Sarmasel and Turda (Cluj county), and
gas compressor station from Sarmasel; build in 1927- the first one in Europe.
It is notable that the country’s large gas structures were discovered after 1960 and in parallel, a
complex infrastructure started to be developed at national scale dedicated exclusively to the gas
extraction process and later to the injection and underground storage process. These large gas
structures located in the Transylvanian basin supply even today considerable gas quantities.
The infrastructure related to field production and to gas storage in depleted fields turned into
underground storages, looks today as a particularly complex system.
As a whole, the infrastructure of the company developed continuously before and after 1989.
The development of the production capacities reached the peak during 1970–1980 when the
annual production was extremely high, both due to the consumption demand and to the
considerable reservoir energy of most of the discovered gas fields.
Part of the company’s production infrastructure (assets) resulted from the nationalisation of
June 1948.
Currently, no natural or legal person, from the country or from abroad, claimed any asset of
Romgaz.
Although operational, most of the production facilities are several decades old, therefore, a
rehabilitation and modernisation process started a few years ago consisting of installing,
replacing or upgrading gas delivery/take over fiscal panels, gas dehydration stations, gas
compressor stations.
The production facilities relating to the company’s infrastructure are:
1. Gas wells (currently producing wells, temporarily suspended wells waiting for reactivation
or recompletion operations, wells for reservoir water injection);
2. Pipelines (gathering pipelines connecting the well clusters, waste water pipelines, industrial
water pipelines);
3. Gas heaters (radiators);
4. Gas separators (underground separators, surface separators);
5. Flow metering panels (technological flow metering panels for almost every gas field, fiscal
or commercial flow metering panel located at the interface with the NTS);
6. Gas dehydration stations (conditioning):
7. Gas compression units:
-
low capacity portable compressors installed at the well head or at the cluster,
•
booster compressors for one or more fields, and
Page 36 of 80
2018 Consolidated Board of Directors’ Report
•
gas compressor stations, usually consisting of two or more units, intermediate
or final compressor stations (outlet to the NTS);
8. Industrial or reservoir water pumping stations;
9. Other facilities (buildings, workshops, electric lines, well access roads etc.).
Production facilities are used at their maximum capacity (close to 100%).
Currently, 154 gas fields are producing out of which 147 are well defined blocks and the rest
of 7 are blocks with experimental production.
Production from these fields is made by approximately 3240 wells and by almost the same
number of technological surface facilities consisting of flowlines, heaters (where the case may
be) liquid separators and gas flow metering panels.
From the total number of wells, 26% of the wells produce at depths below 2,000 m. Pressure
and flow limits of production wells are operated by 127 compressor units, of which 93 units are
grouped in 20 compressor stations, and 17 units are the so-called booster compressors, located
near well clusters.
One technical demand required by applicable laws is the quality of gas which is fulfilled in
proportion of 100% by means of 74 gas dehydration stations.
The other component of the company’s infrastructure, namely the information – technical
system consists of all information equipment and programs (software) used to monitor the
parameters related to gas research, production and storage activities.
Depogaz holds Licence No. 1942/2014 for the operation of 6 underground natural gas storages
facilities, developed in depleted gas fields, whose aggregate capacity represents about 90.3 %
of the total storage capacity of Romania.
The capacity of the underground storage facilities operated by Depogaz, by storages, is
presented in the table below:
Storage
Active capacity
Mil.St.m3/cycle
50
TWh/cycle
0.545
1,310
30
150
900
360
2,800
14.326
0.315
1.634
9.598
4.016
30.466
Bălăceanca
Bilciureşti
Cetatea de Baltă
Gherceşti
Sărmăşel
Urziceni
TOTAL
Balaceanca Storage
Withdrawal
capacity
GWh/day
13.18
152.78
1.05
21.40
79.03
50.16
317.60
Injection
capacity
GWh/day
10.98
109.13
0
21.40
68.50
33.44
243.45
Balaceanca Storage facility is located at approximately 4 km from Bucharest.
The fixed assets contributing to the storage process are as follows:
24 wells;
surface infrastructure including:
Balaceanca gas compressor station;
8.4 km gathering pipelines;
4 separators;
4 technological gas metering facilities;
Page 37 of 80
2018 Consolidated Board of Directors’ Report
1 gas dehydration station;
15 gas heaters;
communication system and fiber-optic data acquisition system;
1 bi-directional fiscal metering system.
Bilciuresti Storage
Bilciuresti Storage facility is located in Dambovita County, approximately 40 km V-NV from
Bucharest.
The fixed assets contributing to the storage process are as follows:
61 wells;
surface infrastructure including:
Butimanu gas compressor station;
7 gas dehydration stations;
26.5 km gathering pipelines for 61 wells;
50 gas heaters;
24 separators;
14 gas metering facilities;
37.5 km gathering pipelines;
bi-directional fiscal metering system;
waste water injection station.
Cetatea de Balta Storage*)
Cetatea de Balta Storage facility is located at approximately 12 km S-V from Tarnaveni.
The fixed assets contributing to the storage process are as follows:
16 wells;
surface infrastructure including:
6.640 km pipelines for 16 wells;
9.375 km gathering pipelines;
6 technological gas metering facilities,
6 separators,
field supervision system and online gas chromatograph;
fiber-optic data acquisition system.
*)In 2012 the storage study for Cetatea de Balta confirmed the gas migration from Sarmatian III to adjacent
Sarmatian I, Sarmatian II, Sarmatian IV and Buglovian V reservoirs, which lead to ceasing the storage activity,
with the approval of ANRM.
As of January 1, 2019, with the approval of ANRM, Romgaz resumed the exploitation of the existent resources
form Sarmation III reservoir of Cetatea de Balta commercial field, in this respect all necessary steps have been
initiated in order to take-over the assets and personnel from Depogaz.
Ghercesti Storage
Ghercesti Storage facility is located in Dolj County, near Craiova.
The fixed assets contributing to the storage process are as follows:
85 wells;
surface infrastructure including:
135.7 km gathering pipelines for 85 wells;
22.6 km gathering pipelines;
13 separators;
Page 38 of 80
2018 Consolidated Board of Directors’ Report
12 technological gas metering facilities;
1 gas dehydration station;
communication system and fiber-optic data acquisition system;
bi-directional fiscal metering system.
Sarmasael Storage
Sarmasel Storage facility is located near Sarmasel, approximately 35 km NW from Tirgu-
Mures, 35 km north from Ludus and 48 km east from Cluj-Napoca.
The fixed assets contributing to the storage process are as follows:
63 wells;
surface infrastructure including:
Sarmasel gas compressor station;
26.7 km gathering pipeline for 63 wells;
13.8 km gathering pipelines;
59 separators;
bi-directional fiscal metering system.
Urziceni Storage
Urziceni Storage facility is located in Ialomita County approximately 50 km NE from Bucharest
The fixed assets contributing to the storage process are as follows:
32 wells;
surface infrastructure including:
Urziceni gas compressor station;
19.5 km of gathering pipelines for 32 wells;
3.3 km gathering pipelines;
6 technological gas metering facilities;
28 gas heaters;
1 gas dehydration station;
optic fibre data acquisition system;
bi-directional fiscal metering system.
Well workover, capital repairs and well production tests represent all the services performed
with workover rigs, as well as equipment for specific support operations such as: cement plug
drilling installations, mud tank equipped with agitator, sand control-sand blender, DST- cased
hole testing of productive layers, shale shaker, mud pumps.
Special Well Operations are performed with the following equipment: cementing unit, slickline,
wireline, coiled tubing unit, liquid nitrogen converter, liquid nitrogen tank truck, cement
container, filter unit, equipment for discharge and measurement with two-phase separation,
equipment fir discharge and measurement with three-phase separation, equipment for tubing
investigation, echometer, rental of tools and utilities, tubing cutting, packer assembling device,
hydraulic packer recovery tools, technical assistance for special well operations, well fire-
fighting equipment.
Future well workover and special well operations are required in order to stop production
decline, due to the large number of works developed in the past.
Page 39 of 80
2018 Consolidated Board of Directors’ Report
The car fleet of STTM consists of 670 vehicles and machinery and 79 trailers, as follows:
Passenger carriers: cars (99), land vehicles (106), minibuses (12), buses (2) and large buses
(2);
passengers and cargo carriers < than 3.5 t (133) and namely > than 3.5 t (82);
vehicles for cargo transportation: dumpers (21), cesspit emptier (40), platform trucks (19),
tank trucks (3);
vehicles for heavy transportation: truck-tractors (3) and semitrailer trucks (11);
handling machinery: cranes from 12-18 t (2) and 24-35 t (20);
other special vehicles: mobile laboratory for equipment testing and checking (1);
heavy machinery: bulldozers (8), caterpillar shovels (2), wheel loaders (15), motor grader
(3), compactor (3), front end loaders (10);
other machinery: tractor trucks (70), fork lift trucks (4) etc.;
other vehicles: trailers for heavy transportations, trailers and semitrailers (79).
STTM plans to ensure qualitative and economically efficient services due to the future
dynamics of Romgaz core business over the medium term (approximately 5 years).
Considering the dynamics of the gas exploration – production activity developed by Romgaz,
in order to achieve the object of activity for a medium term (approx. 5 years) the perspective to
develop STTM must be realized by permanent determination of methods and measures resulting
from the provision of quality services and in terms of economic efficiency.
CTE Iernut has an installed capacity of 600 MW, including 4 power units: 2 Czechoslovakian
power units with an installed capacity of 100 MW each and 2 Soviet power units with an
installed capacity of 200 MW each. The units were commissioned between 1963 and 1967.
The power plant is connected to the main road E60 by a 1.5km long road and to the national
railway system at Cuci by a 2 km railway both owned by the CTE Iernut.
Operating restrictions imposed by applicable environmental regulations
The 100 MW Power Units 1 and 4
During 2013, by commissioning a flue gas recirculation system for boiler 1 and 4, NOx
emissions were reduced from 800 mg/Ncm flue gas to 300 mg/Ncm, complying therefore with
environmental regulations.
In compliance with the integrated environmental authorization for CTE Iernut, Power Units 1
and 4, with an installed capacity of 100 MW each, may operate on a transition period until June
30, 2020. The maximum NOx emissions must be reduced from 300 to 100 mg/Ncm flue gas
within this period.
If this last measure is not taken, the units will not be allowed to operate after June 30, 2020.
The 100MW Power Units 2 and 3
Change of environment protection legislation, namely Directive 2010/75/EU allow limited time
of operation for Power Units 2 and 3 in case the emission reduction equipment of one or more
groups break down and power supply is a priority requirement. Therefore, as of January 2016,
Page 40 of 80
2018 Consolidated Board of Directors’ Report
units 2 and 3 were applied a dry preservation regime. As of February 20, 2019, Power Units 2
and 3 had been excluded from CTE Iernut.
The 200MW Power Units 5 and 6
Low NOx emission burners have been installed in years 2010 and 2011. As such, an
environmental requirement included in the integrated environmental authorization was
fulfilled. The measure was fulfilled in time.
Due to these measures, the power units automatically enter the new transition period established
during January 1, 2016 - December 31, 2020.
Investments play an important part in maintaining the production decline, which is achieved by
discovering of new reserves, by improving the current recovery rate, and by rehabilitation,
development and modernization of existing facilities.
In 2018, Romgaz invested RON 1,188.5 that is 52% (RON 406.8) higher than 2017
investments, representing approx. 77% from the scheduled investments.
The company invested during 2014 – 2018 approximately RON 4.45 billion, as follows:
Year
2014
2015
2016
2017
2018
Total
Amount (RON
thousand)
1,085,497
937,916
497,716
781,768
1,150,349
4,453,246
For 2018, Romgaz provided the achievement of an investment program with a total budget of
RON 1,500.00 million, based for the most part on objectives related to the compensation of
natural decline and electric power generation, thus:
continuing geological research works by performing surveys and drillings for the
discovery of new gas reserves;
production development potential by adding new facilities on existing structures
(drilling exploration wells, surface technological installations, drying stations,
compressor stations, compression in gas fields), improving the performance of facilities
and equipment to increase production safety, reducing energy consumption and
efficiency of optimal exploitation of gas fields;
modernization and upgrading of constructions, installations and equipment, as well as
acquisition of new equipment and performing installations specific for core activity;
acquisition of specific machinery to ensure the technological transportation and
maintenance of core activity and maintaining optimal use of road infrastructure in gas
fields.
In absolute figures, the investment cost on December 31, 2018 were in amount of RON
1,150,349, representing:
147.15% as compared to the achievements for 2017
76.69% of the scheduled level
The investments were financed as follows:
- from own sources and sources obtained from the National Investment Plan (approx. 22% from
the eligible expenditures) for “The Development of CTE Iernut Power Plant by building a new
combined cycle CCTG power plant”; and
Page 41 of 80
2018 Consolidated Board of Directors’ Report
- exclusively from own sources for the other approved investment objectives.
Regarding the physical achievements related to the analysed period, the objectives started the
previous year were achieved, preparation activities were carried out (design, obtaining lands,
approvals, agreements, authorizations, acquisitions) and began the execution for a part of new
objectives and were performed modernisation works and recompletions for wells in operation.
The value of fixed assets commissioned during the reporting period was RON 299.9 million.
The table below shows the investments made in 2018, by investment chapters, as compared to
those scheduled and accomplished in 2017:
Item
No.
0
1.
Investment chapter
1
Investments in progress – total, out of which:
1.1 Natural gas exploration, production works
1.2 Maintaining UGS capacity
1.3 Environment protection works
2017
2
320,056
316,719
2,281
1,056
*RON thousand*
%
2018
Schedule
3
Result
4
874,929
874,534
771,449
771,063
’18/’17
5=4/2x10
0
241.04
243.45
0
0.0
0
395
2.
New investment – total, out of which:
230,409
269,534
166,990
2.1 Natural gas exploration, production works
221,980
262,209
162,606
2.2 Maintaining UGS capacity
2.3 Environment protection works
7,480
949
2,980
4,345
Investment in existing tangible assets
186,234
233,881
386
2,980
1,404
156,228
55,424
258
36.55
72.48
73.25
39.84
147.95
83.89
129.69
11.05
42,735
2,334
99,797
21,859
781,768
1,500,000
1,150,349
147.15
3.
4.
Equipment (other acquisition of tangible assets)
5. Other
investment (studies,
licenses, software,
financial assets etc.)
*
TOTAL
The chart below shows the investments for 2018:
0.26% 0.16%
13.58%
56.00%
I. Geologic exploration for discovery of new
gas reserves
4.82%
II. Exploitation of gas fields, infrastructure and
utilities, electric power generation
III. Underground Gas Storage
IV. Environment Protection
25.16%
V. Upgrading and modernisation of
constructions, installations and equipments
VI. Independent equiment and machinery
Page 42 of 80
2018 Consolidated Board of Directors’ Report
The summary of the achieved investment projects is shown below:
Item
No.
1.
Drilling, exploration
26 wells
Main Projects
Planned
Achieved
17 completed wells;
4 wells in progress;
5 wells with performance contract;
1 well in acquisition for drilling works;
36 wells with completed technical design,
in course of obtaining the approvals, lands
and organisation of drilling procurement
procedure;
58 wells in design or design acquisition;
2.
Drilling design
-
3.
Performance of exploration
3 wells
3 completed wells;
drilling
4.
Performance of
technological installations –
at shut-in wells
Construction of 24
technological
installations for
bringing in
production 37 shut-in
wells
5.
Maintaining storage
•
capacity
6.
Wells recompletions, re-
equipment and reactivation
Urziceni Storage
- gas cushion
- modernization for
10 underground
storage wells
Butimanu Storage
- modernization of
compressor
automation cabinets
- adaption of
technological
installations to
module 1 and 2
- construction of
access roads and
squares for 5
underground storage
wells
-acquisition of
pressure calibrators
Interventions for
approx.111 wells,
correlated with the
12 technological installations completed
for the putting into production of 15
wells;
6 technological installations operating for
the putting into production of 6 wells;
1 technological installation, ongoing
procurement procedure to perform the
putting into production of 1 well;
12 technological installations to connect 16
wells;
approvals/lands/agreements/authorizations
are in course of obtaining;
elaborating technical designs for surface
installations for connecting 13 wells
- 100 % completion
As of April 1, 2018, Filiala de
Inmagazinare Gaze Naturale Depogaz
Ploiesti SRL became operational. It took
the operating activity of underground
storages under concession of S.N.G.N.
Romgaz S.A., thus the activity of Ploiesti
Branch was suspended.
In 2018, well recompletions and
reactivation works were performed for a
total of 130 wells (80 wells at Medias
Branch and 50 wells for Tg. Mures
Page 43 of 80
2018 Consolidated Board of Directors’ Report
7.
Electric power generation
8.
Partnerships/Associations
annual program
agreed by ANRM
Continuing works at
CTE Iernut
Raffles Energy SRL
- re-testing Voitinel 1
well
- elaboration of
Feasibility Study on
the technical solution
of natural gas trading
Lukoil
- preparation of
drilling for
exploration well 1
Trinity 1X in Block
30EX Trident;
- geological and
geophysical studies
Amromco
- drilling 3 wells;
- recompletion
operations for 6 wells
-
- abandonment works
for 5 wells
Slovacia
- drilling 1
exploration well in
Cierne, Block
Svidnik;
-renewal of supply
licence;
- geological and
geophysical studies.
Branch), works performed in-house by
S.I.R.C.O.S.S.
Continuing
Execution Contract
the performance of
the
Completed
All the necessary approvals to elaborate the
Feasibility Study on the technical solution
of natural gas trading in Block EIII-1
trading
Brodina were obtained. The
company Geoclass was assigned
to
elaborate this study in 2019.
- obtaining the extension of the drilling
period with 3.5 years, until October 3,
2021;
- preparatory works for drilling, drilling to
start in 2019.
- recompletion operations for wells 121
Frasin Brazi and 51 Vladeni, and had
positive resulted, such as RK works at
well 204 Bibesti, and had negative
results; it was decided to abandon the
well;
- drilling of A1 Frasin Brazi well was
completed, teste negative, thus
motivating the well abandonment
decision in the drilling stage;
- 5 wells were plugged and abandoned,
such as: A1 Frasin Brazi, 204 Bibeşti, 37
Zătreni, 57 Vladeni and A1 Gura Sutii.
- preparations for drilling well 1 Cierne,
Block Svidnik; the well will be drilled in
2019.
Development of CTE Iernut
One of Romgaz main strategic directions, provided in “The Development Strategy for 2015-
2025”, is consolidation of the company’s position on the energy supply markets. In this case,
in the field of electric power generation, Romgaz proposed “a more efficient activity by making
investments to increase the efficiency of the Thermoelectric Plant (CTE) Iernut to a minimum
of 55%, respecting the environmental requirements (NOx, CO2) and increasing the exploitation
safety”.
Page 44 of 80
2018 Consolidated Board of Directors’ Report
Thus, a very important objective is the “The Development of CTE Iernut Power Plant by
building a new combined cycle CCTG power plant”, with a deadline for completion in Q 1,
2020.
In 2018 the following works were performed:
Land clearing/development by buildings demolition;
Approach and marginal road development;
Storage platform development (site management);
Platform construction works for indirect foundations performance (piles);
Beginning the works to perform the direct foundations for engine room, electric and
command building, equipment and machinery;
Supplying 3 gas turbines, 4 generators for gas turbines, 2 generators for steam turbines,
steam boilers for the three gas turbines, steam sealing systems for steam turbines, DCS
cabinets, 6 transformers, nitrogen fire fighting systems, overhead travelling cranes, dual
operation valve, as well as different equipment serving the electric power plant were
supplied in situ;
metal furniture for the execution of engine room was delivered in situ;
fillings for the floor completion at ground ±0.00 (block start) were performed and the
piles of the metal structure for the engine room are asembled;
inside the pump station building, the intake pipe was completed and the steel concrete
floor for ground ±0,00 was poured;
inside the engine room the assembly of the metal structure was completed as well as the
foundations for machinery and equipment.
One very complex issue largely impacting on the implementation of the investment plan is
found in the investment preparation phase and consists of obtaining land permits, approvals,
agreements and authorizations required for the performance of works and for the procurement
phase.
The results was negatively influenced by causes specific for both phases, namely:
- Difficulty to perform the drilling activity regarding access to public roads;
-
-
Impossibility to obtain lands and implicitly, approvals and construction permits for well
surface facilities and gas collectors;
It was necessary to resume the procurement procedure for different objectives, due to the
lack of technical offers;
- Long time interval to obtain the approvals and agreements issued by water, environment,
property register, agricultural related bodies, with direct effects upon the issuance of the
construction authorization for the execution of surface facilities;
- Delays in the public procurement processes due to repeated dismissals by ANAP of certain
award documentations (I.T. Prahova and Ialomița lots).
The completion degree in relation to the work programs for each partnership is indicated below
(RON million):
Ite
m
No.
1
Partnership/Association
2018
Schedule
2018
Results
Results/
Schedule
Romgaz, Alpine Oil&Gas and JKX Oil&Gas -
Slovacia
3,937.00
291.62
7.41%
Page 45 of 80
2018 Consolidated Board of Directors’ Report
2
3
4
*
Romgaz and Aurelian (currently Raffles)
Romgaz and Amromco
Romgaz, Lukoil and PanAtlantic
Total work program
924.26
22,518.92
3,939.00
31,319.22
122.74
20,251.92
2,830.30
23,767.94
13.28%
89.94%
71.85%
75.89%
Important issues to be noted:
In Block EX-30 Trident, works from Stage I (3 years) mandatory and Stage II (2 years)
optional were completed, and currently the additional period of Exploration Stage II, for the
period between May 3, 2018 – May 3, 2020 are performed. This extension is necessary to
perform
and
reinterpretation/integration of geological and geophysical data available until now. In Block
EX-30 Trident two wells were drilled, Daria-1x and Lira-1X, where Lira-1X was considered
discovery with natural gas (approximately 30 billion m3).
reprocessing works,
additional
complex
analyses
core
After the Notification of Withdrawal of PanAtlatic, Romgaz EGMS approved to take over
free of charge 2.2% from the share owned by PanAtlantic. Thus, as of March 2018 Romgaz
share in Block EX 30 Trident is 12.2%. Further to the Feasibility Study performed in 2018,
the locations to drill in 2019 a new exploration well were established and two appraisal
wells depending on the success of the first well, one well in 2020 and one well in 2021. In
2018 preparatory works were performed for the drilling phase: Geohazard assessments,
geomechanical modelling, pore-pressure analyses, obtaining approvals and permits
necessary to drill the wells, contracting the main works for the drilling campaign in 2019;
signing the Confidentiality Agreement with SNTGN Transgaz Medias; drafting of a
Cooperating Agreement between Transgaz – Lukoil – Romgaz started in December
(Partnership: Romgaz, Lukoil and PanAtlantic).
In 2018, the partner JKX withdrew from the partnership, and after the withdrawal Romgaz
took over an additional share of 8.33%. Also, in 2018 Romgaz waived Block Snina and
Medzilaborce and reduced Block Svidnik are to a surface of 36.4 km2. In 2018, there were
only seismic interpretation works, geological works to a lesser extent and otherwise there
were only general and administrative expenditures for this project (Partnership: Romgaz,
Alpine Oil&Gas şi JKX Oil&Gas – Slovakia)
The Association Agreement with Schlumberger expired in 2018. In 2013, Schlumberger
expressed its intention to extend the contractual period with another 10 (ten) years, until
2028. Following this requirement, Romgaz performed an economic analysis resulting that
in terms of maintaining the investments for Laslaul Mare Field, the activity being more
profitable if Romgaz continues its activity outside the association. Under these conditions,
the Association Agreement was not extended. It expired on October 30, 2018.
In 2018, Depogaz Subsidiary had an approved investment plan of RON 48,975 thousand and
achieved investments of RON 38,155 thousand, representing 75%, thus:
Description
Schedule
Results
Item
No.
1.
Underground gas storage activities
Environment protection and improvement
2.
3. Modernisation and upgrading of installations and equipment,
4.
5.
surface facilities, utilities
Independent equipment and machinery
Costs with consultancy, studies and projects, softs, licences and
patents etc.
3.992
20
41.502
1.879
1.582
2.413
20
34.866
581
309
Page 46 of 80
2018 Consolidated Board of Directors’ Report
*
TOTAL
48.975
38.189
The investments were financed entirely from own sources.
For the reporting period the fixed assets were commissioned in amount of RON 26,692
thousand.
The main objectives included in the Investment Program for 2018 were:
modernization of Bilciureşti Storage Facility: to ensure a higher safety degree when
exploring and upgrading the existent infrastructure of Bilciuresti Storage facility, in 2016 a
Feasibility Study was completed on the modernisation of Bilciuresti Storage facility
infrastructure. This study highlighted the possibility to increase the daily production
capacity of Bilciuresti Storage up to 20 million m3/day, provided to perform gradual
investment works. In 2018 the first modernisation stage was completed, namely the
modernisation of the drying station of Group 57 Bilciuresti (the works began in 2017 and
was completed in 2018) and the second stage started during 2018;
well modernisations: the works are necessary due to poor well performances in the process
of injection/withdrawal affecting the daily injection capacity and, especially, the daily
withdrawal capacity of the underground storages. Also, equipping with safety valves
improved the operational safety.
Page 47 of 80
2018 Consolidated Board of Directors’ Report
Government Decision No. 831/20109 approved “the sale by secondary initial public offering of
shares representing 15% of S.N.G.N. Romgaz S.A. share capital by the Ministry of Economy,
Trade and Business Environment, through the Office Ownership and Privatization in Industry”.
On November 12, 2013, the company was listed on the Bucharest Stock Exchange (BSE) and
on London Stock Exchange (LSE). As of this date, the shares of the company have been traded
on the regulated market governed by BSE under the symbol “SNG”, and on the regulated
market governed by LSE as GDRs issued by The Bank of New York Mellon (1 GDR = 1 share)
under the symbol “SNGR”.
No.
Description
2013
2014
2015
2016
2017
2018
1. Number of share (x1000)
2. Market capitalization10
*million RON
*million EUR
3. Maximum price (RON)
4. Minimum price (RON)
5. Year end price (RON)
6. Net profit per share (RON)
7. Gross dividend per share
(RON)
385,422.4 385,422.4 385,422.4 385,422.4 385,422.4 385,422.4
13,178
2,952
14,018
3,127
10,483
2,315
35.60
33.80
34.19
2.58
2.57
36.37
32.41
35.36
3.66
3.15
36.55
26.30
27.20
3.10
2.70
9,636
2,122
27.55
21.60
25.00
2.66
5.76*)
12,064
2,589
33.95
25.10
31.30
4.81
6.58**)
10.714
2.297
38.20
27.80
27.80
4.81
4.17***)
8. Dividend yield (7./5.x100)
7.52%
9.
Exchange rate (RON/EUR)
4.4639
8.91%
4.4834
9.93%
4.5285
23.04%
21.02%
15.00%
4.5411
4.6597
4.6639
*) The gross dividend per share of RON 5.76 is composed of the gross dividend per share for financial year 2016
in amount of RON 2.40/share, and the additional gross dividend of RON 1.42/share resulted from the distribution
of retained earnings and the additional gross dividend of RON 1.94/share assigned under the provisions of Article
II and III of the Government Emergency Ordinance No.29/2017, distributed from the company’s reserves,
representing own financing sources.
**) The gross dividend per share of RON 6.85 is composed of the gross dividend per share for financial year 2017
in amount of RON 4.34 per share, and the additional gross dividend of RON 0.65 share resulted from the
distribution of retained earnings and the additional gross dividend of RON 1.86 share assigned under the provisions
of Article II and III of the Government Emergency Ordinance No. 29/2017, distributed from the company’s
reserves representing own financing sources.
***) the proposed gross dividend is 4.17 RON/share consits of: 3.15 RON/share related to the profit of 2018, 0.08
RON/share related to the retained earnings and 0.94 RON/share according to GEO no.114/2018
For 2018, the shares and GDR-s prices on BSE and LSE oscillated significantly, recording the
highest difference between the minimum and maximum annual value since the company’s
listing date, namely RON 10.40 on BSE and USD 4.10 on LSE. The average annual trading
share price was RON 34.59 and GDR’s price was USD 8.68.
9 GD No. 831 of August 4, 2010 on the approval of the privatisation strategy by public offering of Societatea
Naţionala de Gaze Naturale “Romgaz” – S.A. Mediaş and of the mandate of the public institution implied in the
development of such process.
10Calculated based on the closing price on the last trading day of the that year, namely based on the exchange rate
as communicated by the National Bank of Romania and applied for the last trading day of that year.
Page 48 of 80
2018 Consolidated Board of Directors’ Report
For the regulated market governed by BSE, the maximum trading share price that Romgaz
recorded on March 27, 2018 (RON 38.20), after publishing the announcement on the dividend
proposal for 2017.
For the following period, the evolution of the share price oscillated, with significant decreases
for the following four moments: (1) after publishing the Report for Q1 2018 (May 15, 2018),
highlighting the decrease of income as a consequence of a warmer winter, (2) on the ex-date
related to dividends for 2017 (July 5, 2018), (3) after the first publication by the Ministry of
Public Finances of a government draft on the capping of the maximum gas sales price from
internal production (July 19, 2018) and (4) after the publication of the Emergency Ordinance
No. 114.2018 on establishing fiscal, budgetary and public investment measures, amending and
supplementing some pieces of legislation and extending some deadlines. (December 18, 2018).
The year-end characterised by a pronounced decrease of the share price (-24.66% for the period
December 18 – December 31, 2018) determined both by the approval of GEO No. 114/2018,
as well as by the ex-date for additional dividends. Thus, on December 31, 2018, the share price
reached the minimum limit of the year, namely RON 27.80, by 22% lower than the prices
recorded on the first trading day of 2018.
The same oscillating evolution recorded the trading price of GDRs in 2018, with maximum and
minimum values similar to the shares. The highest prices recorded during April 27 – April 10,
2018, reaching the maximum value on the last day: USD 10.10/GDR. The most pronounced
decreasing period was at the end of the year, when for 4 days (between December 19 –
December 24, 2018) the GDRs price decreased by 32.24%, the annual minimum being of USD
6/GDR, reached on December 24, 2018. Until the last day of 2018, the GDRs’ price recovered
from the decline (+16.67%) on December 31, 2018 being USD 7, by 11.4% higher than the
price recorded on the first trading day.
Since the listing day up to present, Romgaz is considered an attractive company for investors
and holds a significant position in the top of local issuers, being included in BSE indices by the
end of the year, as follows:
- Second place, by market capitalization, in the top of Premium BSE issuers. With a
market capitalization amounting to RON 10,714.7 million (respectively EUR 2,297.4
million) as of December 31, 2018, Romgaz is the second largest listed company in
Romania, being preceded by OMV Petrom with a capitalization of RON 16,936 million,
namely EUR 3,631 million;
- Fourth place as regards the total amount of transactions in 2018, in the top of local
issuers in the main segment of BSE (RON 1,058 million), according to Banca
Transilvania, Fondul Proprietatea and BRD;
- Weight of 11.69% and 10.82% in BET index (top 15 issuers) and namely BET-XT
index (top 25 issuers), 29.98% in BET-NG index (energy and utilities) and 12.31% in
BET-TR index (BET Total Return).
Performance of Romgaz shares between listing and December 31, 2018 to the BET index, is
shown below:
Page 49 of 80
2018 Consolidated Board of Directors’ Report
45.00
40.00
35.00
30.00
e
r
a
h
s
/
N
O
R
25.00
20.00
15.00
10.00
5.00
0.00
3
1
0
2
/
2
1
/
1
1
3
1
0
2
/
8
1
/
2
1
.
4
1
0
2
1
0
1
3
.
.
4
1
0
2
3
0
0
1
.
4
1
0
2
/
5
1
/
4
.
4
1
0
2
5
0
9
2
.
.
4
1
0
2
7
0
7
0
.
4
1
0
2
/
2
1
/
8
.
4
1
0
2
9
0
2
2
.
.
4
1
0
2
0
1
8
2
.
.
4
1
0
2
2
1
4
0
.
5
1
0
2
/
9
1
/
1
5
1
0
2
/
4
2
/
2
5
1
0
2
/
1
/
4
5
1
0
2
/
4
1
/
5
5
1
0
2
/
3
2
/
6
5
1
0
2
/
9
2
/
7
5
1
0
2
/
4
/
9
5
1
0
2
/
2
1
/
0
1
5
1
0
2
/
7
1
/
1
1
5
1
0
2
/
0
3
/
2
1
6
1
0
2
/
8
/
2
6
1
0
2
/
5
1
/
3
6
1
0
2
/
0
2
/
4
6
1
0
2
/
7
2
/
5
6
1
0
2
/
5
/
7
6
1
0
2
/
0
1
/
8
6
1
0
2
/
6
1
/
9
SNG
6
1
0
2
/
4
2
/
0
1
6
1
0
2
/
9
2
/
1
1
BET
7
1
0
2
/
1
1
/
1
7
1
0
2
/
7
1
/
2
7
1
0
2
/
7
2
/
3
7
1
0
2
/
4
/
5
7
1
0
2
/
4
1
/
6
7
1
0
2
/
0
2
/
7
7
1
0
2
/
8
2
/
8
7
1
0
2
/
3
/
0
1
7
1
0
2
/
8
/
1
1
8
1
0
2
/
7
/
3
8
1
0
2
/
0
3
/
1
8
1
0
2
/
7
1
/
4
8
1
0
2
/
4
2
/
5
8
1
0
2
/
3
/
7
8
1
0
2
/
8
/
8
7
1
0
2
/
8
1
/
2
1
8
1
0
2
/
4
1
/
9
8
1
0
2
/
2
2
/
0
1
8
1
0
2
/
7
2
/
1
1
10000.00
9000.00
8000.00
7000.00
6000.00
5000.00
4000.00
3000.00
2000.00
1000.00
0.00
Performance of GDRs traded on the London Stock Exchange and RON/USD exchange rate
movements are shown below:
14.00
12.00
10.00
8.00
6.00
4.00
2.00
0.00
R
D
G
/
D
S
U
3
1
0
2
/
2
1
/
1
1
3
1
0
2
/
8
1
/
2
1
.
4
1
0
2
1
0
1
3
.
.
4
1
0
2
3
0
0
1
.
4
1
0
2
/
5
1
/
4
.
4
1
0
2
5
0
9
2
.
.
4
1
0
2
7
0
7
0
.
4
1
0
2
/
2
1
/
8
.
4
1
0
2
9
0
2
2
.
.
4
1
0
2
0
1
8
2
.
.
4
1
0
2
2
1
4
0
.
5.00
4.50
4.00
3.50
3.00
2.50
2.00
1.50
1.00
0.50
0.00
D
S
U
/
i
e
l
5
1
0
2
/
9
1
/
1
5
1
0
2
/
4
2
/
2
5
1
0
2
/
1
/
4
5
1
0
2
/
3
1
/
5
5
1
0
2
/
2
2
/
6
5
1
0
2
/
8
2
/
7
5
1
0
2
/
3
/
9
5
1
0
2
/
9
/
0
1
5
1
0
2
/
6
1
/
1
1
5
1
0
2
/
9
2
/
2
1
6
1
0
2
/
5
/
2
6
1
0
2
/
4
1
/
3
6
1
0
2
/
0
2
/
4
6
1
0
2
/
7
2
/
5
6
1
0
2
/
6
/
7
6
1
0
2
/
1
1
/
8
6
1
0
2
/
0
2
/
9
6
1
0
2
/
6
2
/
0
1
6
1
0
2
/
5
/
2
1
7
1
0
2
/
7
1
/
1
7
1
0
2
/
3
2
/
2
7
1
0
2
/
1
3
/
3
7
1
0
2
/
2
1
/
5
7
1
0
2
/
2
2
/
6
7
1
0
2
/
8
2
/
7
7
1
0
2
/
5
/
9
7
1
0
2
/
1
1
/
0
1
7
1
0
2
/
6
1
/
1
1
7
1
0
2
/
8
2
/
2
1
8
1
0
2
/
7
/
2
8
1
0
2
/
3
/
5
8
1
0
2
/
5
1
/
3
8
1
0
2
/
3
1
/
6
8
1
0
2
/
9
1
/
7
8
1
0
2
/
8
2
/
8
8
1
0
2
/
3
/
0
1
8
1
0
2
/
8
/
1
1
8
1
0
2
/
7
1
/
2
1
USD/GDR
lei/USD
The General Meeting of Shareholders determines the value of dividends to be distributed to
shareholders considering the specific legal provisions.
Therefore, Government Ordinance No. 64/200111 approved by Law No. nr.769/2001 as
amended, provides at Article 1, par. (1), let. f) that the profit after the deduction of profit tax is
distributed in percentage of minimum 50% under the form of dividend.
By way of derogation from provisions of Law No. 31/1990 providing that the dividends must
be paid no later than six months after the approval of the annual financial statements, the state-
owned companies are required, according to the provisions of Government Ordinance
nr.64/2001, to pay the due dividends to the shareholders within 60 days from the legal deadline
for the submission of the annual financial statements of the competent fiscal authorities.
11 Government Ordinance No. 64/August 30, 2001, on distribution of profit in state-owned companies or
companies where the state is sole or majority owner, as well as in autonomous regies
Page 50 of 80
2018 Consolidated Board of Directors’ Report
According to Government Emergency Ordinance No. 29/201712:
“The amounts distributed in the previous years from other reserves under the provisions of Art.
1 let. (g) of Government Ordinance No.64/2001 [...], existing at the date of entry into force of
this Emergency Ordinance, can be redistributed as dividends [...]” - Art.II;
“After the approval of the financial statements of 2016, the entities provided in Art. 1, par. (1)
of the Government Ordinance No.64/2001, [...], the retained earnings existing in the balance
account on December 31, can be distributed as dividends” - Art.III par. (1).
As according to Article 43 of the Government Emergency Ordinance No. 114/2018 “The
economic operators, partially or wholly state owned, applying the provisions of the
Government Ordinance No. 26/2013, distribute and pay under the law, within 60 days since the
approval of the financial statements for 2018, under the form of dividends or payments to the
state budget, in case of autonomous regies, 35% of the amounts distributed to other reserves,
under the conditions of Article 1, par. (1), let. g) of the Government Ordinance No. 64/2001,
found as cash in hand and at bank accounts, as well as the one related to short term investments
as of December 31, 2018 and which on the same date are not committed, under procurement
contracts, to be used as own financing sources”.
The Report on the macroeconomic situation for 2019 and its projection for 2020 – 2022,
elaborated by the Ministry of Public Finance, provides that the budgetary planning considered,
among others, that:
the impact generated by Article 43 of GEO no. 114/2018;
enforcing in 2019 the measures for allocating minimum of 90% from the net profit as
dividends.
The table below shows the status of dividends for the years 2015-2018:
Description
Dividends
Gross dividends per share
(RON/share)
Dividend distribution rate (%)
Number of share
2015
1,040,640,480
2016
2,220,033,024
2017
2,640,143,440
Proposal 2018
1,607,211,408
2.70
5.76*)
6.85**)
4.17***)
87.13
216.68
146.38
117.64
385,422,400
385,422,400
385,422,400
385,422,400
*) The gross dividend per share of RON 5.76 is composed of the gross dividend per share for financial year 2016
in amount of RON 2.40/share, and the additional gross dividend of RON 1.42/share resulted from the distribution
of retained earnings and the additional gross dividend of RON 1.94/share assigned under the provisions of Article
II and III of the Government Emergency Ordinance No.29/2017, distributed from the company’s reserves,
representing own financing sources.
**) The gross dividend per share of RON 6.85 is composed of the gross dividend per share for financial year 2017
in amount of RON 4.34 per share, and the additional gross dividend of RON 0.65 share resulted from the
distribution of retained earnings and the additional gross dividend of RON 1.86 share assigned under the provisions
of Article II and III of the Government Emergency Ordinance No. 29/2017, distributed from the company’s
reserves representing own financing sources.
***) the proposed gross dividend is 4.17 RON/share consits of: 3.15 RON/share related to the profit of 2018, 0.08
RON/share related to the retained earnings and 0.94 RON/share according to GEO no.114/2018
In 2018, E.G.M.S. Resolution No. 13/December 6, 2018 approved the distribution of additional
dividends in total gross amount of RON 716,885,664 (1.86 RON/share).
12 Government Emergency Ordinance No. 29 of March 30, 2017, to amend Art. 1 par. (1) let. g) of the Government
Ordinance No. 64/2001 on the distribution of profits in national companies, and trading companies with full or
majority state capital, as well as in autonomous regies, and to amend Art. 1 par. (2) and (3) of the Government
Emergency Ordinance no.109/2001 on corporate governance of public enterprises.
Page 51 of 80
2018 Consolidated Board of Directors’ Report
The Government of Romania mandated the state representatives in the General Meeting of
Shareholders/the Board of Directors of national companies and majority or entirely state owned
companies and of autonomous regies, to take all the necessary measures for the distribution of
a minimum share of 90% of net profit achieved in 2017 (as dividends/payments) to the state
budget. The Government took this decision through a Memorandum adopted at the meeting of
February 8, 2018.
The internal regulation “Dividend Policy” was approved by the company’s Board of Directors
in March 2017 and is currently published on the company’s webpage www.romgaz.ro, at the
section “Investor Relations – Corporate Governance – Reference Documents”.
Page 52 of 80
2018 Consolidated Board of Directors’ Report
The selection and appointment of the Company’s members in the Board of Directors was
accomplished in compliance with the provisions of the GEO No.109/2001 on corporate
governance in state-owned enterprises, as amended, approved by Law No.111/2016 and the
Methodological Norms of Application (GD No. 722/2016).
The members of the Board of Directors on January 1st, 2018 were as follows:
Item
No.
Name
Nistoran Dorin Liviu
Position in
the Board
Chairman
Ciobanu Romeo Cristian
member
Cermonea Ioan Daniel
member
Grigorescu Remus
member
Baciu Sorana Rodica
member
Volintiru Adrian
Constantin
member
Status*)
Professional
Qualification
Institution of
Employment
independent
non-executive
independent
non-executive
independent
non-executive
independent
non-executive
independent
non-executive
independent
non-executive
Engineer
Evolio
PhD
Engineer
Engineer
PhD in
Economics
Universitatea
Tehnică Iaşi
Consiliul Judeţean
Sibiu
Universitatea
“Constantin
Brâncoveanu”
Economist
SC Acgenio SRL
Economist
SC Exclusiv Clean
International SRL
During 2018, The Board of Directors underwent the following changes. Thus, on July 6, 2018,
by Resolution No.8/2018 of the OGMS, the shareholders elected, by cumulative vote, for a 4
year mandate Mr. Nistoran Dorin Liviu, Mr. Volintiru Adrian Constantin, Ms. Ungur Ramona,
Mr. Grigorescu Remus, Mr. Ciobanu Romeo Cristian, Mr. Jude Aristotel Marius and Mr. Jansen
Petrus Antonius Maria as members of the Board of Directors.
Selection and appointment of Board members was made by complying with the GEO
no.109/2011 on corporate governance of public enterprises, as subsequently amended and
supplemented, approved by Law no.111/2016 and by the Enforcement Guidelines (GD
no.722/2016).
The members of the Board of Directors on December 31, 2018, were as follows:
Item
No.
1
Name
Nistoran Dorin Liviu
Position in
the Board
Chairman
Volintiru Adrian Constantin
member
Ungur Ramona
Grigorescu Remus
member
member
Status*)
independent
non-executive
executive
non-
independent
independent
non-executive
independent
non-executive
Professional
Qualification
engineer
Institution of
Employment
Evolio
economist
SNGN Romgaz SA
economist
-
PhD in
Economics
Universitatea
“Constantin
Brâncoveanu”
Ciobanu Romeo Cristian
member
independent
non-executive
PhD engineer Universitatea Tehnică
Iaşi
Jude Aristotel Marius
member
Jansen Petrus Antonius
Maria
member
non-
independent
non-executive
independent
non-executive
MBA legal
adviser
economist
SNGN “Romgaz” SA
London School of
Business and Finance
Page 53 of 80
1
2
3
4
5
6
2
3
4
5
6
7
2018 Consolidated Board of Directors’ Report
*) - members of the Board of Directors submitted the independent statements in compliance with the provisions of Romgaz
Corporate Governance Code.
During 2018 the Board of Directors underwent the following changes:
April 26, 2018: OGMS Resolution No. 6/2018 approves the extension of interim board
members mandates by 2 months from the date of their expiration;
July 6, 2018: OGMS Resolution No. 8/2018 the company’s shareholders have elected by
cumulative vote, the members of the Board of Directors for a 4 year mandate.
The Curricula Vitae of the current Board directors of the company are to be found on the
company’s webpage www.romgaz.ro, at “Investor Relations – Corporate Governance – The
Board of Directors”.
According to the information supplied by each director, there is no agreement, understanding
or family relationship between them and another person that contributed to their appointment
as directors.
As of December 31st, 2018, no member of the Board holds any shares within the company.
Cindrea Corin Emil - Director General (CEO) January 1st –June 14, 2018
The Board of Directors appointed Mr. Cindrea Corin Emil by Resolution no. 37 of December
14, 2017 as interim director general for a 4 month period, having the possibility to extend the
mandate up to maximum 6 months, according to legal provisions, and delegated internal
management powers and representation competences to him.
The Board of Directors extended by Resolution no. 19 of April 12, 2018 the Mandate
Agreement as Director General by 2 months until June 14, 2018.
Volintiru Adrian Constantin - Chief Executive Officer (CEO) as of June 15, 2018
The Board of Directors appointed by Resolution No. 29 of June 14, 2018 Mr. Volintiru Adrian
Constantin as Director General for 4 months.
The Board of Directors appointed by Resolution No. 45 of October 1st, 2018 Mr. Volintiru
Adrian Constantin as Director General of the Company for 4 years.
Bobar Andrei – Chief Financial Officer (CFO)
The Board of Directors appointed Mr. Bobar Andrei by Resolution no. 30 of November 2, 2017
as chief financial officer.
The Board of Directors appointed Mr. Bobar Andrei by Resolution no. 39 of August 28, 2018
as chief financial officer for a limited period, from August 28, 2018 until November 2nd, 2021.
Other persons discharging managerial responsibilities:
Name
ROMGAZ - Headquarters
Paraschiv Nelu
Cindrea Corin Emil
Rotar Dumitru Gheorghe
Chertes Viorel Claudiu
Pavlovschi Vlad
Position
Deputy Director General
Deputy Director General
Deputy Director General
Management Support Director
Business Development Director
Page 54 of 80
2018 Consolidated Board of Directors’ Report
Ştefănescu Dan Paul
Bîrsan Mircea Lucian
Stancu Lucian Adrian
Bodogae Horea Sorin
Ciolpan Vasile
Morariu Dan Nicolae
Stan Ioan
Balasz Bela Atila
Sânpetrean Anca Mariana
Sorescu Eugen
Pleşa Vasile Gabriel
Mediaş Branch
Man Ioan Mihai
Achimeţ Teodora Magdalena
Şutoiu Florinel
Seician Daniel
Târgu Mureş Branch
Roiban Claudiu
Papoi Ilona
Rusu Graţian
Baciu Marius Tiberiu
Iernut Branch
Călian Dorel
Oros Cristina Monica
Oprea Maria Aurica
Bircea Angela
SIRCOSS
Dobrescu Dumitru
Bordeu Viorica
Gheorghiu Sorin
STTM
Pop Traian
Ilinca Cristian Alexandru
Cioban Cristian Augustin
Exploration –Production Director
Technical Director
Corporate Management Director
Procurement Director
Energy Trade Director
Information Technology and Telecommunication Director
Human Resources Director
Energy Management Director
Financial Director
Exploration Director
HQSE Director
Director
Economic Director
Production Director
Technical Director
Director
Economic Director
Production Director
Technical Director
Director
Economic Director
Commercial Director
Technical Director
Director
Economic Director
Technical Director
Director
Economic Director
Operation –Development Director
The members of the upper management, except the director general and the chief financial
officer are employees of the company, having an individual labour contract for an indefinite
period.
The management and operating personnel are employed, promoted and dismissed by the
director general based on the competences delegated to him by the Board of Directors.
The Board of Directors and the upper management of Depogaz Subsidiary is provided on its
website, namely: https://www.depogazploiesti.ro/ro/despre-noi/conducere
According to our information, there is no agreement, understanding or family relationship
between the members of the above mentioned upper management and another person that
contributed to their appointment as members of the upper management.
The table below shows the number of shares held by the members of the upper management
as of December 31, 2018:
Page 55 of 80
Name and Surname
Number of shares held
Weight in the capital share (%)
2018 Consolidated Board of Directors’ Report
Item
no.
0
1
3
4
6
7
1
Rotar Dumitru Gheorghe
20,611
2
Ştefănescu Dan-Paul
Cârstea Vasile
Ilinca Cristian Alexandru
Morariu Dan Nicolae
601
412
74
52
38
10
Balasz Bela Atila
3
0.00534764
0.00015593
0.00010690
0.00001920
0.00001349
0.00000986
To the best of our knowledge, the persons mentioned at 6.1 and 6.2 above, have not been
involved in litigations or administrative proceedings related to their activity in Romgaz in the
last 5 years, nor in proceedings related to their capacity of fulfilling the duties, except for the
litigations arising out of the application of Decision No.26/2016 of the Court of Accounts –
Sibiu Chamber of Accounts, having as scope the recovery of the amounts paid as regular
overtime pay to the managing personnel (see item 169, 172, 175-179, 181, 183, 184, 212, 296,
304, 374 of Annex no. 2 Litigations).
Page 56 of 80
2018 Consolidated Board of Directors’ Report
The consolidated financial statements of the Group have been prepared in accordance with the
provisions of the International Financial Reporting Standards (IFRS) as adopted by the
European Union and provisions of PFM Order no. 2844/2016. For the purposes of the
preparation of these individual financial statements, the functional currency of the Company is
deemed to be the Romanian Leu (RON). IFRS, as adopted by the EU, differs in certain respects
from IFRS as issued by the IASB. However, the differences have no impact on the Company’s
individual financial statements for the years presented.
The individual financial statements have been prepared on a going concern basis in accordance
with the historical cost convention.
The table below presents a summary of the statement of individual financial position as of
December 31, 2018:
Indicator
0
ASSETS
Non-current assets
31.12.2016
restated*)
(thousand
RON)
1
31.12.2017
restated*)
(thousand
RON)
2
31.12.2018
(thousand
RON)
Variance
(2018/2017)
3
4=(3-2)/2*100
Property, plant and equipment
6,139,435
6,221,699
6,279,748
Other intangible assets
Associates
Deferred tax asset
Other Financial Investments
Total non-current assets
Current Assets
Inventories
Trade and other receivables
Contract costs
Other financial assets
Other Assets
Cash and cash equivalents
Total current assets
TOTAL ASSETS
EQUITY AND LIABILITIES
Capital and reserves
Share capital
Reserves
Retained earnings
Total capital and reserves
Non current liabilities
Retirement benefit obligation
Provisions
Deferred revenue
Total non current liabilities
Current liabilities
14,591
21,301
18,053
69,657
8,629
22,676
69,965
69,678
4,970
23,298
127,491
9,812
6,263,037
6,392,647
6,445,319
575,983
828,609
-
2,893,852
141,529
280,547
4,720,520
10,983,557
389,515
816,086
245,992
826,046
-
2,787,261
305,913
227,167
4,525,942
10,918,589
583
881,245
168,878
566,836
2,689,580
9,134,899
385,422
3,020,152
5,986,265
9,391,839
119,986
524,239
-
644,225
385,422
2,312,532
6,277,486
8,975,440
119,482
682,041
-
801,523
385,422
1,824,999
5,458,196
7,668,617
139,254
510,114
21,128
670,496
0.93%
-42.40%
2.74%
82.22%
-85.92%
0.83%
-36.85%
1.22%
n/a
-68.38%
-44.80%
149.52%
-40.57%
-16.34%
0.00%
-21.08%
-13.05%
-14.56%
16.55%
-25.21%
n/a
-16.35%
Page 57 of 80
2018 Consolidated Board of Directors’ Report
Trade and other payables
Contract liabilities
Current tax liabilities
Deferred revenue
Provisions
Other liabilities
Total current liabilities
TOTAL LIABILITIES
569,945
-
60,295
4,924
50,742
261,587
947,493
1,591,718
606,109
-
128,520
970
76,923
329,104
186,702
46,381
68,001
8,442
93,645
392,615
1,141,626
1,943,149
795,786
1,466,282
TOTAL EQUITY AND LIABILITIES
10,983,557
10,918,589
9,134,899
-69.20%
n/a
-47.09%
770.31%
21.74%
19.30%
-30.29%
-24.54%
-16.34%
*) In 2018 the Group voluntarily modified the accounting policy regarding recognition of costs with seismic,
geological, geophysical works and other similar operations. According to the new policy such costs are recognised
as expense when they are incurred. Previously, such costs were recognised as exploration intangible assets. At the
same time the Group modified in 2018 the method for calculating the well decommissioning provision, replacing
average cost of equity with the related interest rate of the 10 year liability government bonds as liability discount
rate, in compliance with industry practices. Moreover, in 2018 the Group reanalysed the depreciation of the gas
cushion recorded as non-current asset and concluded that it should not have been depreciated; the correction
affected the previous periods, therefore they have been restated in order to make them comparable to the current
period. More information on these restatements are shown in the consolidated and individual financial statements
annexed to this report.
NON-CURRENT ASSETS
Total non-current assets increased by 0.93%, representing RON 58 million, from RON 6.22
billion on December 31, 2017 to RON 6.28 billion on December 31, 2018. Although in 2018
the Group invested RON 1.15 billion in assets, this increase was partially cancelled by the
depreciation expense (RON 591.3 million in 2018, as compared to RON 573 million in 2017)
and by impairment (the net expense with the impairment was RON 116.9 million in 2018 as
compared to the net income of RON 21 million in 2017). Out of the RON 1.15 billion
representing the investments made in 2018, RON 569 million represent the investment made in
the new power plant in Iernut.
At the end of 2018 the Group recorded an impairment loss of RON 141.9 million on the basis
of an impairment test of the assets employed in the gas production and an impairment loss of
RON 54 million on the existing power plant of Iernut.
As related to the financial investments, in 2018 the Group recorded a decrease of the fair value
of Electrocentrale București by RON 59.9 million. Out of this amount RON 40.7 million
affected the year end result, and the difference was recorded as retained earnings, following the
transition to IFRS 9.
The Associates have been accounted in the consolidated financial statements by equity method
providing that initial investment is recognized as cost and it is later on adjusted depending on
the post-acquisition modification of the Group share in the net assets of the associate in which
the Group has invested. The Group profit or loss includes its share of the associate’s profit or
loss.
Deferred income tax
Deferred income tax is based on the temporary differences between the accounting value and
the fiscal value of balance sheet items. These temporary differences may be taxable, meaning
they will result in taxable values when determining the taxable result of future periods, or
deductible, meaning they will result in values that are deductible when determining the taxable
result of future periods.
Page 58 of 80
2018 Consolidated Board of Directors’ Report
Considering the impairment adjustments recorded for the fields exploited by the Group and for
the existing Iernut power plant, the temporary differences between the accounting value and
the fiscal value of assets increased, generating the increase of deferred tax asset on December
31 2018 as compared to December 31, 2017.
CURRENT ASSETS
Inventories
As compared to 2017 inventories decreased at the end of 2018 by 36.85% because of a 49%
gas stock decrease in the underground gas storages as compared to the previous year.
Cash and cash equivalent. Other financial assets
On December 31, 2018, cash and cash equivalent and other financial assets (bank deposits and
purchased state bonds) were of RON 1,448.08 million, as compared to RON 3,014.43 million
at the end of 2017, the decrease being generated by distributing additional dividends in 2018,
besides the dividends for 2017. Thus total dividends distributed to shareholders in 2018 were
in amount of RON 2.6 billion.
Other assets
Other assets decreased due to recovery in 2018 of RON 113 million out of the total receivable
of RON 244 million recorded on December 31, 2017, representing excise duty related to
technological consumption for the period 2010-2016.
CAPITAL AND RESERVES
Group’s equity decreased by 14.56% (RON 1,306.8 million) as compared to the end of 2017,
due to distributing to shareholders as dividends the result of 2017 and part of the result of the
previous years, in compliance with the resolution of the Group’s general meeting of
shareholders. Additional dividends were distributed from Parent Company reserves in 2018.
NON-CURRENT LIABILITIES
Long-term provisions decreased by 19.0% in 2018 as compared to 2017, mainly as a result of
decreasing the provision for decommissioning wells that are going to be written off in the future.
CURRENT LIABILITIES
Total current liabilities decreased on December 31, 2018 as compared to the end of previous
year by RON 345.8 million, mainly due to application of IFRS 15. Advance payments cashed
from clients at the end of the period were presented in 2017 as trade payables, including the
amounts related to the deliveries of December 2017 not invoiced by the end of 2017. In 2018
such amounts are presented as net deliveries of December 2018 for which advance payments
have been cashed from the clients.
Deferred income increased on December 31, 2018 as compared to 2017 following the receipt
of RON 20.99 million from the National Investment Plan for Iernut power plant. The subsidy
will be recognised as income, as and when the power plant financed from this fund is
depreciated. Bearing in mind that the new investment will be commissioned in 2020, the full
amount was recognised in the category of Non-current liabilities.
The Group did not issue bonds or other debt instruments in financial year 2018.
Page 59 of 80
2018 Consolidated Board of Directors’ Report
The Group profit and loss account summary for the period January 1 – December 31, 2018, as
compared to the similar period of the years 2017 and 2016, is shown below:
Indicator
0
Revenue
Cost of commodities sold
Investment income
Other gains and losses
Net losses from impairment of trade
receivables
Changes in inventory
Raw materials and consumables
used
Net depreciation and amortization
Employee benefit expense
Finance cost
Exploration expense
Share of associates’result
Other expenses
Other income
Profit before tax
Income tax expense
Year 2016
restated**)
(RON
thousand)
1
Year 2017
restated*)
(RON
thousand)
2
3,411,868
4,585,186
Year
2018
(RON
thousand)
3
5,004,197
(49,878)
22,117
(61,095)
(245,020)
22,350
53,279
(468,218)
(122,068)
(102,989)
Variance
(2018/2017)
4=(3-2)/2*100
9.14%
301.05%
138.38%
-15.63%
-
-
(19,941)
n/a
20,963
(186,651)
(54,632)
(64,329)
(32,180)
(75,460)
(311,012)
(498,114)
(18,275)
(253,348)
-
(552,446)
(708,142)
(562,894)
(621,330)
(18,791)
(183,121)
1,375
(29,724)
(247,123)
622
(881,923)
(1,101,933)
(1,409,447)
361,147
1,280,695
(256,116)
364,169
2,119,752
(316,118)
18,442
1,585,184
(219,016)
-82.76%
17.30%
28.18%
10.38%
58.18%
34.95%
-54.76%
27.91%
-94.94%
-25.22%
-30.72%
1,024,579
1,803,634
1,366,168
Profit for the year
-24.25%
*) In 2018 the Group voluntarily modified the accounting policy regarding recognition of costs with seismic,
geological, geophysical works and other similar operations. According to the new policy such costs are recognised
as expense when they are incurred. Previously, such costs were recognised as exploration intangible assets. At the
same time the Group modified in 2018 the method for calculating the well decommissioning provision, replacing
average cost of equity with the related interest rate of the 10 year liability government bonds as liability discount
rate, in compliance with industry practices. Moreover, in 2018 the Group reanalysed the depreciation of the gas
cushion recorded as non-current asset and concluded that it should not have been depreciated; the correction
affected the previous periods, therefore they have been restated in order to make them comparable to the current
period. More information on these restatements are shown in the consolidated and individual financial statements
annexed to this report.
**)Year 2016 does not reflect the effects of above mentioned accounting policy modification and accounting errors
corrections.
Revenue
In 2018, Romgaz recorded a consolidated revenue of RON 5.00 billion compared to RON 4.59
billion achieved in 2017.
The increase resides from a 17.7% rise of income from gas sales both from Romgaz production
and gas purchased to be resold and from partnerships, despite the decrease of income from
electricity sales (36%) and decrease of income from underground storage services (41.08%)
which is due to the decrease by 26% of the gas storage tariff approved by ANRE as of April 1st,
2018.
Cost of Commodities Sold
Page 60 of 80
2018 Consolidated Board of Directors’ Report
In 2018, cost of commodities sold increased by 301.05%, due to an increase by 630.61% of the
cost of commodity gas sold, due to a 549.7% increase in the quantity of imported commodity
gas sold. Nevertheless, the Group has not been significantly influenced by the sale of such gas.
Investment income
Investment income represent income from liquid assets deposited by the Group in banks and in
government bonds. The increase by 138.38% as compared to 2017 is generated by the increase
of the interest rates.
Other Gains and Losses
Other gains and losses should be analysed together with Net loss from impairment of trade
receivables. Following the adoption of IFRS 15, such losses are presented separately in the
preliminary result of the consolidated comprehensive income. The Group chose to apply IFRS
15 without restating the previous periods.
As compared to 2017 net losses decreased by 0.7%.
Changes in Inventory
Reduction of negative effect of changes in inventory in 2018 as compared to 2017 is due to the
increase by 38% of the gas volume withdrawn from storages as compared to injected gas
volumes, as compared to 2017 when the gas volumes withdrawn from storages was higher by
185% than the injected volumes.
Net Depreciation and Amortization
Net Depreciation and Amortization of non-current assets, tangible and intangible, increased in
2018 by 28.18% compared to 2017 mainly due to impairment of RON 141.9 million for the gas
fields exploited by Romgaz, following the impairment test performed in December 2018. The
Group has also recorded an impairment of RON 54 million of the assets representing the
existing Iernut power plant, because of forecasting termination of its activity in 2020, the year
of commissioning the new powerplant, which is currently under construction.
Employee benefit expense
The increase of employee benefit expenses by 10.38% compared to 2017 is due both to the
indexation of salaries to cover the inflation and granting incentive bonuses for remarkable
results, according to the human resource policy.
Exploration expense
Out of the exploration expenses of RON 247.1 million incurred in 2018, the 3D seismic activity
in amount of RON 97 million increased by 104% compared to previous year. It proves the
Group commitment to discovery of new reserves.
The exploration projects abandoning costs are higher by 11% compared to previous year, but
their effect is cancelled by inherent releases of related impairments.
Other expenses
In 2018, other expenses recorded an increase by 27.91% as compared to 2017. The increase of
RON 307.5 million is mainly due to the increase of tax expenditures (royalty and windfall tax,
as mentioned din the preamble).
Other income
The decrease of other income is mainly due to the income of RON 244 million in 2017 from
excises related to technological consumption of the period 2010-2016. Upon the date of this
report the Group has recovered the full amount.
Page 61 of 80
2018 Consolidated Board of Directors’ Report
Statements of cash flows recorded in the period 2016 – 2018 are shown in the table below:
INDICATOR
2016**)
2017
restated)
*thousand RON*
2018
Cash flow from operating activities
Net Profit for the year
Adjustments for:
Income tax expense
Share from associates’ result
Interest expense
Unwinding of decommissioning provision
Interest revenue
Loss on disposal of non-current assets
Change in decommissioning provision recognized in
profit or loss, other than unwinding
Change in other provisions
Impairment of exploration assets
Exploration projects written-off
Impairment of property, plant and equipment
Depreciation costs
Depreciation of contract costs
Impairment of investments in associates
Impairment of other financial assets
(Earning)/loss on financial investments at their fair
value through profit or loss
Losses from disposal of other financial investments
Losses from trade receivables and other assets
Net impairment of inventories
Income from prescribed debts
Income from subsidies
Cash generated from operations before movement
in working capital
Movement of working capital
(Increase)/Decrease in inventory
(Increase)/Decrease in trade and other receivables
(Increase)/Decrease in trade and other liabilities
Cash generated from operations
Interest paid
Income tax paid
Net cash generated by operating activities
Cash flows from investing activities
Payments for investment increase in associates
Net collections/(payments) related to financial assets
Interest received
Proceeds from sale of non-current assets
Acquisition of non-current assets
Acquisition of exploration assets
Proceeds from disposal of associates
Net cash used in investing activities
Cash flows from financing activities
Dividends paid
Subsidies received
Net cash used in financing activities
Net Increase/(Decrease) in cash and cash
equivalents
Cash and cash equivalents at the beginning of the
year
Cash and cash equivalents at the end of the year
1,024,579
1,803,634
1,366,168
256,116
-
15
18,260
(22,117)
108,057
(5,941)
18,919
(173,701)
253,348
(43,228)
527,941
-
43
(1,554)
-
1,577
354,321
5,714
-
-
316,118
(1,375)
3
18,788
(22,350)
74,401
22,978
11,389
(45,100)
135,350
24,489
573,057
-
(12,462)
(21)
-
12,308
38,575
8,147
(610)
(150)
219,016
(622)
-
29,724
(53,279)
62,961
(34,390)
30,152
(118,809)
149,620
235,661
591,290
1,291
-
-
40,782
-
20,048
(2,052)
(58)
(269)
2,321,062
2,957,169
2,537,234
(21,646)
(583,600)
337,707
2,053,523
(15)
(309,125)
1,744,383
-
(720,480)
25,178
144
(296,511)
(172,178)
-
(1,163,447)
178,363
(180,285)
105,975
3,061,222
(3)
(309,956)
2,751,263
(144)
104,970
20,909
207
(479,797)
(231,496)
298
(585,053)
143,115
(8,156)
(194,681)
2,477,511
-
(334,324)
2,143,187
-
1,917,569
49,338
961
(948,588)
(205,371)
-
813,909
(1,040,762)
-
(1,040,762)
(459,826)
(2,220,003)
413
(2,219,590)
(53,380)
(2,638,535)
21,108
(2,617,427)
339,669
740,352
280,547
227,167
280,526
227,167
566,836
*) In 2018 the Group voluntarily modified the accounting policy regarding recognition of costs with seismic,
geological, geophysical works and other similar operations. According to the new policy such costs are recognised
Page 62 of 80
2018 Consolidated Board of Directors’ Report
as expense when they are incurred. Previously, such costs were recognised as exploration intangible assets. At the
same time the Group modified in 2018 the method for calculating the well decommissioning provision, replacing
average cost of equity with the related interest rate of the 10 year liability government bonds as liability discount
rate, in compliance with industry practices. Moreover, in 2018 the Group reanalysed the depreciation of the gas
cushion recorded as non-current asset and concluded that it should not have been depreciated; the correction
affected the previous periods, therefore they have been restated in order to make them comparable to the current
period. More information on these restatements are shown in the consolidated and individual financial statements
annexed to this report.
**)Year 2016 does not reflect the effects of above mentioned accounting policy modification and accounting errors
corrections.
Page 63 of 80
2018 Consolidated Board of Directors’ Report
Corporate governance accommodates continuously to the requirements of a modern economy,
to increasing globalization of social life and to investors and interested parties need for
information on companies business.
As a national company Romgaz has to comply with GEO No. 109 of November 30, 2011 on
public companies corporate governance, as amended and supplemented (the “Ordinance”),
approved by Law 111/2016 and Government Decision no. 722 of September 28, 2016 on
Methodological Norms for establishing the financial and nonfinancial performance criteria and
variable component of remuneration of Board members, or if applicable, of the supervisory
board members, and of managers and members of the directorate.
The Ordinance sets up a number of principles and provisions to ensure their application.
Ordinance provisions are observed by the company, and are included in the Company’s Articles
of Incorporation, as amended and approved by the company’s shareholders in the following
resolutions no. 19 of October 18, 2013; no. 5 of July 30, 2014, no. 8 of October 29, 2015, no.9
of October 28, 2016 and no.4 of August 9, 2017 (latest update of the Articles of Incorporation).
The updated Company’s Articles of Incorporation is posted on the webpage www.romgaz.ro,
at “Investor Relations – Corporate Governance - Reference Documents”.
Since November 12, 2013, Romgaz shares have been traded on the regulated market governed
by BVB, at category I, under the symbol “SNG”, as well as on the London Stock Exchange
(where GDRs are traded) under the symbol “SNGR”.
On January 5, 2015, after the Financial Supervisory Authority approved the proposals to amend
BVB’s regulations, Romgaz was admitted into the PREMIUM category of BVB regulated
market.
As issuer of securities traded on the regulated market, Romgaz has to fully comply with the
corporate governance standards provided by applicable national regulations, namely the
Corporate Governance Code of BVB, posted on the internet webpage www.bvb.ro, at “Investor
Relations – Regulations - BVB Regulation”.
The corporate Governance System was and will be continuously improved according to rules
and recommendations applicable to Companies listed on Bucharest Stock Exchange and on
London Stock Exchange.
Some of the already implemented measures include:
Elaboration of a new Corporate Governance Code, in accordance with the new Corporate
Governance Code of BVB applicable since January 4, 2016 – the document was approved
by Romgaz Board of Directors by Resolution no.2/ January 28, 2016. The Corporate
Governance Code was updated and shall be submitted for approval of the Board of
Directors.
The Company’s Articles of Incorporation is posted on the webpage www.romgaz.ro, at
“Investor Relations – Corporate Governance – Reference Documents”.
Board of Directors approval and update of the Internal Rules for the advisory committees
during the meetings held on March 24, 2016 (for all committees) and March 23, 2017
(update of the Internal Rules of the Strategy Committee). All other Internal Rules of the
advisory committees were amended in 2017 to include the latest legal changes on corporate
governance (Law No. 111/2016 and GD No. 722/2016). The rules were updated and are
going to be submitted for approval of the Board of Directors.
Page 64 of 80
2018 Consolidated Board of Directors’ Report
Update of the Terms of Reference of the Board of Directors to include the latest legal
changes on corporate governance. The Terms of Reference were approved by the Board of
Directors on March 23, 2017 and update subsequently in January 2018;
Elaboration of internal regulation in compliance with the new Corporate Governance Code
of BVB.
The members of advisory committees elaborated the Remuneration Policy, the Board
Members Evaluation Policy, the Policy on Related Party Transaction, regulations approved
in the Board meeting of March 12, 2019 and March 20, 2019;
Include in the Board of Directors’ Report a chapter dedicated to corporate governance
referring, among others, to : the applicable Corporate Governance Code, the duties of the
executive management and of the three advisory committees of the Board of Directors
(Nomination and Remuneration Committee and Audit Committee and the Strategy
Committee), aspects related to remuneration of members of the Board and of managers,
measures to improve the corporate governance, aspects related to internal control and risk
management system and aspects related to social responsibility;
Include in the Board of Directors’ Report a section referring to compliance with the
provisions of BVB Corporate Governance Code (Annex 1);
Diversify communication ways with shareholders and investors by posting on the website
announcements addressed to market players, half year and quarterly financial statements,
annual reports, procedures to follow for access and participation to GMS, and by setting up
of an “Infoline” for shareholders/investors to respond to their requirements and/or
questions;
Establish a specialized department dedicated to investor and shareholder relations;
Conclusion of professional liability insurance for directors and managers and appointment
of a person to monitor such contracts;
Starting the procedures necessary for the adopting and implementing the National
Anticorruption Strategy. Therefore, a Commission has been established, responsible with
the implementation of the strategy provisions; the Director General has adopted the
Statement of Adherence to the National Anticorruption Strategy and Integrity Plan for 2017,
2018 and 2019, documents published on the internet website at “Investor Relations –
Corporate Governance – Transparency”.
Among the measures to be implemented we mention the remuneration policy for the
executive management, with a fixed and variable component that depends on the results of
their evaluation. According to the Corporate Governance Code of London Stock Exchange,
long-term bonus schemes should be submitted for approval of the shareholders (GMS).
The shareholders structure is presented within Chapter II “Company Presentation”
Romgaz respects and protects the rights and legitimate interests of the shareholders. The
company undertakes all necessary efforts to facilitate the exercitation of shareholders’ rights in
relation with the company under the law and in compliance with the Articles of Incorporation.
A separate document on the rules and procedures of the GMS setting the framework for the
way GMS is organized and carried out was drafted and is about to be submitted for the approval
of the Board of Directors in the following period of time.
Page 65 of 80
2018 Consolidated Board of Directors’ Report
The General Meeting of Shareholders is summoned by the Board of Directors, whenever
necessary, in accordance with the legal provisions. The convening notices and afterwards, the
GMS resolutions, are sent to Bucharest Stock Exchange, London Stock Exchange and to the
Financial Supervisory Authority in compliance with the regulations of the capital market and
will be published on the company’s website at “Investor Relations – General Meeting of
Shareholders”.
The Ordinary General Meeting of Shareholders has the following main competencies:
a) to approve the company’s strategic objectives;
b) to discuss, approve or amend, as the case may be, the annual financial statements of the
company based on the reports submitted by the Board of Directors and the financial
auditor, and to set the dividend;
c) to discuss, approve or request, as the case may be, the addition or review of the
company’s management plan, under legal provisions.
d) to set the income and expenditure budget for the following financial year;
e) to appoint and to dismiss the Board members and to set their remuneration;
to make an opinion on the governance of the Board of Directors;
f)
g) to appoint and to dismiss the financial auditor and to set the minimum term of the
financial audit contract;
i)
h) to approve contracting bank loans, whose value exceeds, individually or cumulated with
other bank loans in progress over a financial year, EUR 100 million, equivalent in RON;
to approve the documents for establishing guarantees, other than guarantees for the
company’s non-current assets, with individual or cumulated value with other established
guarantees other than guarantees in progress for the company’s non-current assets over
a financial year of EUR 50 million, equivalent in RON.
The Extraordinary General Meeting of Shareholders has the following main competencies:
a) to change company’s legal form;
b) to move the headquarters;
c) to change the Company’s scope of activity;
d) to establish companies, as well as conclude or amend incorporation documents of the
companies where Romgaz is managing partner;
to increase the share capital;
the anticipated winding up of the company;
to convert shares from a category into the other;
e) to conclude or amend joint venture contracts where the company is contracting party;
f)
g) to reduce the share capital or to restore it by issuing new shares;
h) to merge with other companies or to spin-off the company;
i)
j)
k) to convert one category of bonds into another one or in shares;
l)
m) to conclude the documents related to the acquisition of non-current assets whose value
exceeds, separately or cumulatively, during a financial year, 20% of the total non-
current assets of the company, except for receivables;
to issue bonds;
n) to conclude the documents related to disposal, exchange and set up of guaranties
referring to non-current assets whose value exceeds, separately or cumulatively, during
a financial year, 20% of the total non-current assets, except for receivables;
o) to conclude the documents related to rental for a period longer than 1 (one) year of
tangible assets to the same contractors or to persons involved or acting together, whose
Page 66 of 80
2018 Consolidated Board of Directors’ Report
value exceeds, separately or cumulatively, 20% of the total non - current assets, except
for receivables at the document conclusion date;
p) any other change in the articles of incorporation or any other resolution that requires the
approval of the extraordinary general meeting of shareholders.
Romgaz is a joint-stock company governed under an one-tier system.
The Board of Directors consists of 7 (seven) directors elected by the general meeting of
shareholders, in compliance with legal applicable provisions and the provisions of the Articles
of Incorporation, one of its members is appointed Chairman of the Board.
Board of Directors composition complies with the legal criteria/conditions on the share of non-
executive and independent directors, the studies and competencies, experience and gender
diversity (criteria detailed in the Board of Directors Terms of Reference).
Board of Directors composition on December 31, 2018 is presented in Chapter VI “Company
management”. According to the independency declarations sent to the company, two directors
have declared to be independent and one as non-independent. The independence of Board
members is determined based on the criteria detailed in Romgaz Corporate Governance Code
(art.6).
Aspects on directors’ rights, obligations and competencies, as well as aspects related to Board
Meetings are detailed in the Articles of Incorporation and in the Board of Directors Terms of
Reference.
Until December 31, 2018, the Board of Directors did not make a self- assessment for 2018.
In its activity, the Board of Directors is supported by three advisory committees, namely: the
nomination and remuneration committee, the audit committee and the strategy committee.
The Audit Committee has legal competencies provided in Article 65 of Law No. 162/210713
consisting mainly in monitoring the financial reporting process, the internal control systems,
the internal audit and risk management systems within the company, as well as in controlling
the statutory audit activity related to annual financial statements and managing the relationship
with the external auditor.
The Nomination and Remuneration committee has, basically, the competence to set the
procedures for selecting the candidates for the director and manager positions, and to make
proposals for the director’s position and to get involved in the selection and recruitment
procedure or managers, and to make proposals on their remunerations. The committee has also
the obligation to elaborate during the financial year an annual report on the remuneration and
other benefits awarded to directors and managers.
The main scope of the strategy committee is to coordinate drafting/update and monitoring of
the company’s development strategies, correlated with the national and European energy
strategy, to analyse the implementation of such strategies and the measures needed to reach the
objectives set, and to monitor the business diversification projects by carrying out some
investment objectives.
13 Law No. 162 of July 15, 2017 on the statutory audit of annual financial statements and of annual consolidated
financial statements and of amending pieces of legislation
Page 67 of 80
2018 Consolidated Board of Directors’ Report
The detailed presentation of attributions and responsibilities of each advisory committee can be
found in their respective Internal Rules published on the company’s webpage www.romgaz.ro
at “Investor Relations – Corporate Governance – Reference Documents”.
On December 31, 2018, the advisory committees’ structure was the following:
I) Nomination and Remuneration Committee:
Grigorescu Remus (chairman)
Nistoran Dorin Liviu
Ungur Ramona
Ciobanu Romeo Cristian
II) Audit Committee
Jansen Petrus Antonius Maria (chairman)
Grigorescu Remus Nistoran Dorin Liviu
Ungur Ramona
Ciobanu Romeo Cristian
Jude Aristotel Marius
III) Strategy Committee
Ciobanu Romeo Cristian (chairman)
Nistoran Dorin Liviu
Jude Aristotel Marius
Jansen Petrus Antonius Maria.
Information regarding the Board of Directors’ meetings and the Advisory Committees during
2018
During 2018, the Board of Directors held a number of 24 meetings, in compliance with the legal
and statutory provisions, out of which:
19 effective meetings of the directors;
5 conference-call meetings; and
17 electronic vote meetings.
The attendance at the Board of Directors’ meetings:
First name and last name
Number of meetings
during the mandate
P
A
NP
No. %
No. %
No. %
Nistoran Dorin Liviu
Ciobanu Romeo Cristian
Grigorescu Remus
Volintiru Adrian Constantin
Ungur Ramona
Jude Aristotel Marius
Jansen Petrus Antonius Maria
Baciu Sorana Rodica
Cermonea Daniel Ioan
Anghel Daniel Florin
where:
P = participate
A = power of attorney
NP = did not participate
41
41
41
41
18
18
18
23
23
23
41
33
40
41
18
18
13
21
21
18
100.0
80.5
97.6
100.0
100.0
100.0
72.2
91.3
91.3
78.3
1
1
2.4
2.4
7
17.1
5
2
2
5
27.8
8.7
8.7
21.7
Page 68 of 80
2018 Consolidated Board of Directors’ Report
Directors’ attendance at Advisory Committees’ meetings:
Nomination and Remuneration Committee: 15 meetings
First name and last name
Grigorescu Remus
Baciu Sorana Rodica
Cermonea Daniel Ioan
Nistoran Dorin Liviu
Volintiru Adrian Constantin
Ungur Ramona
Ciobanu Romeo Cristian
Audit committee: 8 meetings
First name and last name
Baciu Sorana Rodica
Grigorescu Remus
Cermonea Daniel Ioan
Ciobanu Romeo Cristian
Volintiru Adrian Constantin
Petrus Jansen Antonius Maria
Ungur Ramona
Jude Aristotel
Nistoran Dorin Liviu
Strategy Committee: 3 meetings
First name and last name
Ciobanu Romeo Cristian
Baciu Sorana Rodica
Nistoran Dorin Liviu
Grigorescu Remus
Volintiru Adrian Constantin
Jude Aristotel Marius
physical attendance
15
10
13
15
10
4
3
physical attendance
5
5
5
3
4
2
2
2
1
physical attendance
3
2
2
3
1
1
In compliance with the company’s Articles of Incorporation “the Board of Directors shall
assign, totally or part of, the management competences of the Company to one or more
managers, appointing one of them as Director General” Article 24, paragraph (1), “manager”
meaning “the person to whom the Board of Directors delegated authority to manage the
company” Article 24, paragraph (12).
During January 1 – June 14, 2018 Mr. Cindrea Corin Emil acted as Director General having
some company management attributions and competencies delegated by the Board of Directors.
During June 15, 2018 – October 1, 2018 Mr. Volintiru Adrian Constantin acted as Romgaz
interim CEO.
On October 2, 2018 Mr. Volintiru Adrian Constantin was appointed as CEO of the company
for a 4 years mandate.
By Resolution no. 49 from October 9, 2018, the Board of Directors established the duties
delegated to the Director General by the Board of Directors as follows:
Page 69 of 80
2018 Consolidated Board of Directors’ Report
A. Duties related to internal management:
a) Carries out the Company’s main activity and development directions established by the
Board of Directors;
b) Carries out the Company’s’ development strategies and/or policies approved by the Board
of Directors;
c) Follows the way the accounting and financial control policies are carried out and approves
the financial and financial planning reports;
d) Concludes legal acts on behalf, in the interest and on the account of the Company, according
to Law No. 31/1990. For contracts with an equivalent value between 1,000,000 and
10,000,000 Euros it is necessary to inform the Board of Directors within a 30 days period
of time. Contracts with a value higher or equal with the equivalent of 10,000,000 are
approved by the Board of Directors;
e) Organizes the Company’s’ personnel selection, hires, awards, sanctions and fires, as the
case may be, the Company’s’ personnel in compliance with the provisions of labour
legislation and the provisions of the labour contract;
f) Names, suspends and/or revokes the functional units’ managers and executive directors,
and negotiates their basic salaries.
g) Proposes for the Board of Directors approval the Organizing and Company’s’ Functioning
Regulations and organizational chart;
h) Approves the Company’s’ organizational and functional chart as well as the other internal
documents which regulate the Company’s’ activity at employees level;
i) Negotiates the Collective Labour Contract (CLC) and the individual labour contracts in
compliance with the provisions from the CLC – salary and social expenses and fund limits
provided in the incomes and expenses budget approved by the Company’s’ General
Shareholders Assembly
j) Establishes the personnel’s competencies, attributions, duties and responsibilities on
departments, except the departments related to executive directors and managers on
mandate;
k) Analyses the business opportunities in the Company’s interest with internal and external
partners;
l) Ensures the efficiency of the internal control system and the management system in
compliance with the legislation in force;
m) Organizes and manages the Company’s activities, coordinates and controls them in order to
ensure the lawful usage of financial, material and human resources, in accordance with the
accounting system approved by the Company’s Board of Directors and the applicable legal
provisions and the provisions of the present Contract of Mandate;
n) Represents the Company with full and discretionary rights in general meetings and boards
of directors of third companies where the Company is partner/shareholder, excepting
naming and revoking the members of their boards of directors which is possible through
special mandate from the Board of Directors.
o) May delegate the power to represent the company for specific documents by its decisions
with the prior approval of the Board of Directors;
p) Ensures and promotes the Company’s image;
q) Fulfils any other duties provided in the Applicable Legal Frame in compliance with the law.
B. Responsibilities and duties related to the representation of the company:
represents the company when concluding/issuing legal documents;
represents the company in pre-contractual, administrative and/legal procedures;
Page 70 of 80
2018 Consolidated Board of Directors’ Report
fulfils any accessory duties, namely any acts and special operations necessary and useful
for achieving the above mentioned duties.
The Director General has to inform periodically the Board of Directors on the manner of
achieving the assigned duties, as well as the right to request and to obtain instructions on the
manner of exercising the assigned duties.
Internal audit activity is organised and conducted in compliance with:
Law 672/2002 on the internal public audit;
Own methodological norms, issued under GD No. 1086/2013 on approving the General
Norms on exercising the internal public audit;
Order of the Ministry of Public Finances No. 252/2004, Code of ethics of the internal
auditor, as subsequently amended and supplemented;
SNGN Romgaz SA Internal Audit Charter.
Romgaz sets and keeps the internal audit activity operational, being performed independently
from other functions and activities. According to the applicable law, the Internal Audit
Department is directly subordinated to the Director General, but reports to the Board of
Directors through the Audit Committee.
Internal auditing mission, attributions and responsibilities are defined in the Internal Audit
Charter approved by the Director General. The charter sets the position of the internal audit
within the company, sets the manner for accessing company’s documents in order to duly fulfill
audit missions and defines their scope of activity.
Internal auditing is conducted permanently in order to provide an independent evaluation of
operations, control and its management processes, evaluates the potential risk exposure of
various business segments (asset security, compliance with laws and contracts, integrity of
operational and financial information etc.) makes recommendation for improving the systems,
controls and procedures to ensure efficiency of operations and observes the proposed corrective
actions and the results.
Internal auditing is conducted as follows:
Evaluate the management and internal control systems – system audit;
Evaluate results of the monitored objectives and examine the actual impact –
performance audit;
Ensure conformity of procedures and operations with legal requirements – regularity
audit.
The internal audit activity is an independent and objective activity, which gives the company
an insurance regarding the control level on operations, and it is carried out in compliance with
the prepared and approved procedures.
The internal audit activity was performed in 2018 according to the audit plan prepared based
on the risk analysis related to auditable activities of the company within their scope of activity.
In this context, the Internal Public Audit Service carried out a planned insurance mission, a
planned informal counselling mission and 4 ad-hoc insuring missions. The following areas were
included in these missions:
budget;
public acquisitions;
company’s specific functions;
financial - accounting;
Page 71 of 80
2018 Consolidated Board of Directors’ Report
information technology.
The objectives of the internal audit are to support the company in identifying and evaluating
significant risks in order to provide an independent evaluation on risk management, on the
control and management processes and to support the company in maintaining an efficient and
effective control system.
Optimizing the company’s internal audit organizational chart structure was analysed in 2018
in order to improve the organization and to represent a useful instrument in company
management. In this respect, the audit structure was supplemented with 3 new job positions.
The National Anti-Corruption Strategy 2016 – 2018 defines the necessity to perform an internal
audit once in 2 years of the corruption prevention system at all public authorities level, starting
with 2018.
Starting with April 1, 2018 Filiala de Înmagazinare Gaze Naturale DEPOGAZ Ploieşti SRL
operates under the authority of SNGN ROMGAZ SA having an internal audit office.
In order to ensure internal audit efficiency and having in view the changes occurred at Romgaz
during 2018, the specific internal regulations were updated and adjusted (implementing
regulations that are specific for Romgaz, operational procedures and quality enhancement
program for the internal audit activity).
Company’s Policies and Objectives related to Risk Management
In accordance with the Corporate Governance Code, one important role played by the
company’s management is to ensure that an efficient risk management system is in place.
One major concern of the management is to raise the awareness on the objectives of the risk
management process, the necessity of direct implication in the risk management process, as
well as the alignment to the latest practices in the sector by complying with the applicable law,
standards and norms related to such process.
The company’s risk management system is implemented in accordance with:
Government Ordinance no.119/1999 (Article 4) on the internal control and the
preventive financial control;
Law no. 234 of December 7, 2010 amending and supplementing Government
Ordinance No. 119/1999,
General Secretariat of Government Ordonnance No. 400 of June 12, 2015 for approval
of Public Entities Internal Management Control Code.
International Standard ISO 31010:2009: “Risk management – risk assessment
techniques”;
International Standard ISO 31000:2009: “Risk management/Principles and guidelines”;
Romanian Standard SR Guidelines 73:2009: “Risk management-Vocabulary”.
General Secretariat of Government No. 600 of April 20, 2018 for approval of Public
Entities Internal Management Control Code.
Consequently, in compliance with the risk management process, the company systematically
analyses, at least once a year, the risks related to its objectives and activities and prepares
adequate remedy plans in order to mitigate the possible consequences of such risks, and
appoints employees responsible for implementing those plans.
Page 72 of 80
2018 Consolidated Board of Directors’ Report
Moreover, the risk management system implemented within the company is an integral part of
the decision making process by setting the requirement to use a risk management analysis when
drafting any document (technical projects, execution projects, reservoir studies).
The main benefits of the risk management process is the improvement of the company’s
performance by identifying, analysing, assessing and managing all risks within the company,
in order to minimize the negative risk consequences or to increase the positive risk
consequences, as the case may be.
A risk management department has been established for an efficient assessment of the
company’s risks. One major task of this department is drafting the company’s final documents
in terms of risk management: Final Risk Register, Final Risk Report, Final Measure
Implementation Plan and the Company’s Risk Profile.
Three role levels are set up in the risk management system:
base level, represented by those who identify risks and by the risk managers (head of
each organizational unit) who are responsible for preparing risk management documents
related to the level of the unit they manage;
middle level, represented by the company’s middle management, who together with the
heads of the organizational units form the Risk Management Commission that facilitates
and
respective
direction/department/division;
the management
process within
coordinates
the
high level, represented by the executive upper management through the Monitoring
Commission that approves the company’s risk appetite and risk profile in accordance
with its objectives.
General scope of the risk management activity:
1. setting the general uniform framework for risks
identification, analysis and
management;
2. providing the appropriate tool for a controlled and efficient risk management;
3. describing the manner in which control measures are set and implemented in order to
prevent the occurrence of negative risks.
Some of the analysed risk categories are: financial risks, market risks, occupational health and
safety risks, personnel risks, risks related to information systems, and legal and regulatory risks.
All risks are analysed from following perspectives:
the specific objective that the risk refers to;
causes of risk occurrence;
consequences further to risk materialization;
occurrence probabilities;
risk materialization impact;
risk exposure;
risk response strategy;
recommended control (remedy) measures;
residual risks remaining after treatment of initial risks.
Risk exposure
The Company is exposed to a variety of financial risks: market risk (which includes foreign
currency risk, inflation risk, interest rate risk), credit risk, liquidity risk. The Company’s risk
management program is focused on the financial market’s unpredictability and seeks to
minimize, within some limits, the potential bad consequences on the Company’s financial
Page 73 of 80
2018 Consolidated Board of Directors’ Report
performance. However, this approach does not prevent the losses that occur outside these limits
in case of some significant variations on the market. The Company does not use derivatives in
order to cover the exposure to some risks.
The Company is exposed to foreign currency risks as a consequence of the exposure to different
foreign currencies.
The financial assets that expose the Company to a potential credit risk comprise mainly trade
receivables. The Company’s policies provide that the sales are made to clients with a low credit
risk. Also, the sales must be guaranteed either by advanced payments or by letter of bank
guarantee. The net value of the receivables, after the impairment of doubtful debts, represents
the maximum value exposed to credit risk. The Company has a risk concentration related to its
4 biggest clients, which together represent 89.55% from the net receivables balance on
December 31, 2018 (the biggest 4 clients: 91.25% on December 31, 2017). Even though the
collection of receivables might be affected by economic factors, the Company’s management
believes that there is no significant risk of loss for the company, besides the impairment of
doubtful debts, already established.
The Company management is responsible for the liquidity risk management. The company
management established a suitable framework for liquidity risk management for the Company’s
short, medium and long-term financing and for complying with the provisions for liquidity risk
management. The Company manages liquidity risk by maintaining an adequate level of the
reserves by continuous monitoring of the forecasts and present cash flow and by connecting the
profile of financial assets maturity with those of the financial debts.
Commercial risks to which the Company is exposed are continuously evaluated by the risk
management system. A new vision is about to be implemented in this respect so that the market
risks impact, quantitative as well as price risks, to which the Company is naturally exposed in
its trading activity, will be systematically and continuously evaluated and quantified, evaluated
and minimized/remedied, as the case may be.
The main risks identified are the quantitative ones (volatility of the demand/offer ratio on the
market) with consequences in underselling and overselling, as well as price risks, inherent on a
volatile market, emerging under the aspect of liquidity but also influenced by a multitude of
internal factors (regulating/political) and also external factors (related to the sources of import).
At present, one of the main risk factors with direct consequences on the company’s commercial
outcome is the political and regulations risk. The Company uses all available instruments in
order to minimize/remedy this risk by means of dialogue with the competent authorities, in the
phase of drafting the regulating documents as well as afterwards in the phase of enforcement.
During 2018, the regulation framework suffered major changes related to adopting an European
market model regarding the Network Code, as well as changes of the primary legislation by
amending in two steps Law No. 123/2012. The last amendment, operated by Government
Ordinance No. 114/2018 establishes a maximum natural gas sale price after April 1 2019, but
also tax measures that fall in the responsibility of the energy operators. These consequences are
evaluated/remedied by the company in order to minimize the effects.
Internal control
In Romgaz, the internal control system operates in a control environment continuously
changing that requires the adjustment of control at the level of every activity, differentially and
integrative, established in relation to the company’s interests.
Internal control is a process carried out by personnel at all levels, Board of Directors, executive
management, entire personnel.
Romgaz internal management control system is developed and implemented in order to reach
the following objectives:
Page 74 of 80
2018 Consolidated Board of Directors’ Report
- compliance with legal regulation, with internal rules, with contracts and administrative
and jurisdictional decisions applicable to the company’s activity;
-
fulfilling Romgaz objectives under effectiveness, economy and efficiency conditions;
- protect Romgaz patrimony against losses due to errors, waste of money, fraud or abuse;
- development and maintenance of collection, storage, processing, updating and
distribution of financial and management data and information, as well as of proper
systems/procedures to inform the public.
Drafting, implementation, development and assessment of internal/management control system
for Romgaz are achieved in compliance with the provisions set in Government Ordinance No.
119/1999 and with the standards provided by SGG Order No. 600/2018.
2018 internal control management system development/enhancement actions:
Romgaz adherence to the principles and fundamental values promoted by the National
Anticorruption Strategy 2016-2020 – elaborate the Integrity Plan no. 47/01.02.2018 posted
on the company’s website - correlated with the Development Program of the Internal
Management Control for 2018;
Analysing and identifying the sensible job positions at every organisational unit level
compliant with Procedure PS – 16.
job positions
Ed3/Rev.0/05.12.2018. The risks identified in the analysis were centralized at the beginning
of 2019 and will be submitted to the Monitoring Committee, which will draft the Inventory
of sensible job positions and the List of the persons in these jobs after the debates and the
final vote.
Inventory of
sensible
Preparing and disseminating a guide on internal management control system so that the
employees that are in management positions know the new regulations provided in Order
SGG NO. 600/2018 and increasing the awareness on anticorruption education of all the
employees, correlated with intensifying the internal management control system activity of
all organisational units managers. The dissemination was carried out by email and within
the meetings held at the headquarters and Romgaz branches during December 2018;
Updating procedure 18PO-03 „Coordinating and monitoring the internal management
control system development „approved on 13.12.2018;
Updating instruction 18IL-01 „Internal management control system self assessment” from
13.12.2018;
Preparing a training project in order to improve risk management. Two activity areas were
selected within this project: trading and purchase/investments. The project started in June
2017 and ended in July 2018;
Draft and update Romgaz Risk Register.
According to the self-assessment results for the implementation of Internal/Management
Control System, in 2018 (in relation to the 16 internal/management control standards provided
in Order no. 600/2018), the Internal/Management Control System is compliant.
Romgaz’s Code of Conduct was prepared first in 2013.
The periodical reports on the indicators relevant for compliance with the rules of conduct have
been prepared by the person responsible with monitoring the compliance with the Code of
Conduct and have been posted on the intranet webpage of the Company.
Subsequently, considering the need to comply with the legal requirements on corporate
governance, internal control and National Anticorruption Strategy, the company’s executive
management updated the Code of Conduct. The updated document – SNGN Romgaz SA Ethics
and Integrity Code – was approved by BoD Decision No.47 of October 1, 2018.
Page 75 of 80
2018 Consolidated Board of Directors’ Report
The most important amendments/supplements of this Ethics and Integrity Code are the
following: conflict of interests, trade of company’s shares, compliance with laws on
competition, integrity insurance and preventing corruption deeds, prevention and reporting
frauds, money laundry etc.
Romgaz activities in the field of social responsibility are performed voluntarily, beyond the
legal responsibilities, the company being aware of its role in society.
Social responsibility means for Romgaz a business culture including business ethics, customer
rights, economic and social equity, environmental friendly technologies, fair treatment of
workforce, transparent relationship with the public authorities, moral integrity and investment
in the community.
Moreover, Romgaz supports a sustainable development of the society and community, through
financial support/ total or partial sponsorship for some actions and initiatives in the following
main domains: education, social, sport, health and environment.
Granting financial support/partial or total sponsorship for actions and initiatives, within the
budgeted limits, Romgaz has shown a pro-active attitude of social responsibility and increased
the awareness of the parties involved as regards to the importance and benefits of social
responsibility actions.
In 2018, Romgaz supported, totally or partially, actions and initiatives stipulated in Government
Emergency Ordinance (“GEO”) no.2/2015, complying with the budget, as follows:
Expenses/activities
Achieved (RON)
Total of sponsorship expenses, out of which
Expenses with sponsorships in medical and health domains - Article.XIV
letter.a)
Expenses with sponsorships in education and sport domains – Article XIV
letter.b) – total, out of which:
o For Sports Clubs
Sponsorships for other actions and activities - Article.XIV letter.c)
13,999,460
5,599,460
6,900,000
5,990,000
1,500,000
The detailed description of the projects as regards the sponsorship provided in GEO no.2/2015
is included in the Annual Report on Social Responsibility and Patronage for 2018 published on
www.romgaz.ro at “Investor Relations - Corporate Governance - Social Responsibility”.
The projects carried out in 2018 had besides the positive impact on the environment and
community, an important benefit for the company by inspiring the organisational culture and
the goodwill being a responsible employer, and also an involved social partner, promotor of a
transparent and open relationship. This is positively reflected in Romgaz image, domestically
and internationally, both for investors, central and local authorities and for other stakeholders.
When supporting/performing projects, actions, social responsibility initiatives, Romgaz took
into consideration the provisions of Sponsorship Policy and Sponsorship Guide applicable in
2018, published on the company’s website at Social Responsibility.
(https://www.romgaz.ro/en/content/social-responsibility-0 )
Page 76 of 80
2018 Consolidated Board of Directors’ Report
Legal Framework
The politics and remuneration criteria of the executive and non-executive members of the Board
of Directors are based on the following norms:
Law no. 31/1990 on trading companies, as subsequently amended and supplemented;
GEO no. 109/2011 on corporate governance of public enterprises, as subsequently amended
and supplemented, approved by Law no.111/2016;
The company’s Articles of Incorporation, approved by the Extraordinary General Meeting
of Shareholders no. 9/October 28, 2016 and no.4/ August 9, 2017 (last update of the Articles
of Incorporation);
Resolution No. 9/ December 20, 2017 of the Ordinary General Meeting of Shareholders
approving the director agreements for interim members of the Board of Directors;
Resolution No. 8/ July 8, 2018 of the Ordinary General Meeting of Shareholders approving
the form of the contract signed with the directors elected for a 4 years mandate;
Resolution No. 14/ August 26, 2013 of the Ordinary Meeting of Shareholders establishing
the general limits for the director general remuneration, active member of the BoD;
Resolutions No. 7/ February 22, 2018 and No. 29/ June 14, 2018 approving the Contracts
of Mandate of the interim director general;
Resolution No. 45/ October 2018 appointing the Director General for 4 years and approving
the Contract of Mandate;
Resolution No. 35/ December 14, 2017 approving the Contract of Mandate of the Chief
Financial Officer;
Resolution No. 39/ August 28, 2018 approving the Contract of Mandate for a determined
period from 28.08.2018 until 02.11.2021.
For compliance with the Requirements of BVB Corporate Governance Code and GEO no.
109/2011, Romgaz drafted the Policy on remuneration, which shall be submitted for approval
of the Board of Directors.
The structure of the remuneration granted to non-executive directors
The fixed monthly remuneration as well as the variable one were established according to
applicable legal provisions (detailed in the 2018 Annual Report on remunerations and other
benefits granted to SNGN Romgaz SA directors and managers) and provided in the Director
Agreement of each directors, as approved by the applicable GMS resolution.
The fixed monthly remuneration for 2018 was established at a monthly gross allowance equal
to two times the average on the last 12 months of the monthly gross salary for the activity
carried out according to the main activity objective from the national economy, communicated
by the Statistics National Institute before the appointing.
The variable remuneration provided in the director’s agreement, the management plan and the
financial and nonfinancial indicators approved by the General Shareholders Meeting in 2019.
The variable element, as well as the performance objectives and indicators revision conditions
will be the object of an addendum at the directors’ agreement.
Page 77 of 80
2018 Consolidated Board of Directors’ Report
The structure of the remuneration granted to the executive director, namely Director General
While acting as executive member of the Board of Directors, the Director General concluded
both a director agreement for the membership in the Board and a contract of mandate for the
position as Director General. The Director General was entitled strictly to payment of the
remuneration according to the contract of mandate.
The structure of the remuneration granted to managers
The monthly fixed remuneration, as well as the variable remuneration were granted under the
legal applicable provisions (detailed in the Annual Report 2018 on remunerations and other
benefits granted to SNGN Romgaz SA directors and managers), such being provided in the
Contract of mandate of each manager, and approved by the Board resolutions.
The monthly fixed remuneration for 2018 was set at a monthly gross allowance six times the
average over the last 12 month from the monthly gross average salary for the work carried out
in accordance with the company’s main business as communicated by the National Institute of
Statistics, prior to nomination. The fixed allowance is updated at the beginning of each year
depending on the data provided by the National Institute of Statistics.
The variable remuneration established according to the fulfilment of financial and nonfinancial
performance indicators and objectives, will be the scope of an addendum to the contract of
mandate. In 2018 the Chief Executive Officer and the Chief Financial Officer did not benefit
of variable remuneration.
Romgaz prepares a separate report for financial year 2018, that will be public on the company’s
website by the end of June 2018, according to the Order of the Ministry for Public Finances no.
2844/201614 (chapter 7, item 42, para (1)).
14 Order of the Ministry of Public Finances no.2844 of December 12, 2016 on approving Accounting
Regulations compliant with the International Financial Reporting Standards
Page 78 of 80
2018 Consolidated Board of Directors’ Report
Directors Agreements
After the expiration of directors agreements who were appointed in 2013 for 4 years by the
General Meeting of Shareholders, interim directors have been successively appointed. The
directors’ agreements approved by the General Meeting of Shareholders do not include
provisions on the performance indicators and criteria.
Currently the elaboration of the Company Governance Plan is in progress. Following the
approval of the Governance Plan will start the actions for convening the General Meeting of
Shareholders for negotiation and approval of financial and non-financial performance
indicators to be provided in the directors’ agreement by and addendum.
Contract of Mandate
The Board of Directors appoints on December 14, 2017 under Resolution No. 37, Mr. Cindrea
Corin Emil as interim Director General for 4 months, with the possibility to extend it up to
maximum 6 months.
The Board of Directors decided under Resolution no. 19 of April 12, 2018 to extend the
Contract of Mandate of the Director General by 2 months, until June 14, 2018.
The contract of mandate concluded with the Board of Directors does not include performance
indicators and criteria.
The Board of Directors appointed on June 14, 2018 under Resolution No. 29, Mr. Volintiru
Adrian Constantin as Chief Executive Officer for four months, and the Board of Directors
appointed under Resolution No. 45 of October 1st, 2018 Mr. Volintiru Adrian Constantin as
Chief Executive Officer of the company for a four-year mandate.
The Board of Directors appointed on November 2nd, 2017 under Resolution No. 30 Mr. Bobar
Andrei as Chief Financial Officer. The Board of Directors appointed on August 28, 2018 under
Resolution No. 39 Mr. Bobar Andrei as Chief Financial Officer for a limited period, from
August 28, 2018 until November 2nd, 2021.
The contracts of mandate concluded between the Board of Directors and the Chief Executive
Officer, and the Chief Financial Officer, respectively, do not provide the performance indicators
and criteria. They will be negotiated and included in the contracts of mandate by an addendum,
after completion and approval of the Governance Plan of the Company for the duration of the
mandate.
The timeline of the director agreements, the contracts of mandate and of the Governance Plan
is the following:
July 6, 2018 – GMS Resolution no.8/2018 appointed by cumulative vote the members of
the Board of Directors (BoD) for a 4 year mandate.
July 27, 2018 – BoD analysed and approved the governance component of the Governance
Plan, in compliance with Art. 30, para.(1) of GEO no.109/2011;
August 28, 2018 – BoD appointed under Resolution no.39, Mr. Bobar Andrei as Chief
Financial Officer for a limited period, from August 28, 2018 until November 2nd, 2021;
Page 79 of 80
Board of Directors’2018 Report
Annex 1
Table of Compliance with the Bucharest Stock Exchange Code of Corporate
Governance
Does not comply
or partially
complies
Reasons for non
compliance/Explanations
on compliance
3
4
Governance code provisions
Complies
A.1
A.2
1
All the companies must have an Internal Regulation
of BoD that includes the reference terms/ the
responsibilities of the Board and the company’s key
management positions, and that applies, among
others, the General Principles in section A.
The ToR of the BoD should include provisions for
the management of conflict of interest stating that
members of the Board should notify to the Board
any conflicts of interest which have arisen or may
arise and should refrain from taking part in the
discussion (including by not being present where
this does not render the meeting non-quorate) and
from voting on the adoption of a resolution on the
issue which gives rise to such a conflict of interest.
A.3
A.4
The BoD has at least five members.
The majority of the members of the BoD is non-
executive; not
two non-executive
than
members of the BoD must be independent.
less
Each independent member of the BoD must submit
a statement at the time of his/her nomination for
election or re-election, as well as whenever a
change in his/her status occurs, indicating the
elements on which it is deemed independent in
terms of its character and his judgment.
A.5
A.6
A.7
in
and
companies
to potential
investors prior
A Board member’s other relatively permanent
professional commitments and engagements,
including executive and non-executive Board
positions
non-profit
organizations, should be disclosed to shareholders
and
to his/her
nomination and during his/her mandate.
Any member of the BoD should submit to the
Board information on any relationship with a
shareholder who holds, directly or indirectly,
shares representing more than 5% of all voting
rights. This also applies to any relationship which
may affect the member's position on matters
decided by the Council.
The company should appoint a Board secretary
responsible for supporting the work of the BoD
2
x
x
x
x
x
x
x
Board of Directors’2018
Anexa 2
Governance code provisions
Complies
Does not comply
or partially
complies
Reasons for non
compliance/Explanations
on compliance
A.8
1
The corporate governance statement should inform
on whether an evaluation of the Board has taken
place under the leadership of the chairman or the
nomination committee and, if it has, summarize key
action points and changes resulting from it. The
company should have a policy/guidelines regarding
the evaluation of the BoD containing the purpose,
criteria and frequency of the evaluation process.
2
3
x partially
A.9
A.10
A.11
B.1
B.2
The corporate governance statement should contain
information on the number of meetings of the
Board and the committees during the past year,
attendance by directors (personally and in their
absence) and a report of the Board and committees
on their activities.
The corporate governance statement should contain
information on
the
independent members of the Board of Directors.
The BoD should set up a nomination committee
formed of non-executives, which will lead the
process
for Board appointments and make
recommendations to the Board.
the precise number of
The majority of the members of the nomination
committee should be independent
The Board should set up an Audit Committee and
at least one member should be an independent non-
executive.
The Audit Committee should be formed of at least
three members and
the majority should be
independent.
The majority of members, including the chairman,
should have proven an adequate qualification
relevant to the functions and responsibilities of the
Committee. At least one member of the Audit
Committee should have a proven and appropriate
accounting and auditing experience.
The Chairperson of the Audit Committee should be
an independent non-executive member.
x
x
x
x
x
4
The section on Statement on
in
corporate governance
the Annual Board of
Directors’ Report includes
statements
the
evaluation of the BoD.
Romgaz
the
Board Evaluation Policy
and it was approved by
BoD on 12 March 2019.
prepared
on
Following its approval the
Policy regarding evaluation
the
was published on
site.
company’s
web
Pagina 2 din 7
Does not comply
or partially
complies
3
Board of Directors’2018
Governance code provisions
Complies
1
B.3
Among its responsibilities, the Audit Committee
should undertake an annual assessment of the
internal control system.
B.4
The provision mentioned in section B.3 should
consider the effectiveness and scope of the internal
audit function, the adequacy of risk management
and internal control reports to the Audit Committee
of the Board, and management’s responsiveness
and effectiveness in dealing with the failures and
weak points identified during the internal control
and submit relevant reports to the Board.
B.5
The Audit Committee should review conflicts of
interests in transactions of the company and its
subsidiaries with affiliated parties.
2
x
x
x
B.6
the
The Audit Committee should evaluate
efficiency of the internal control system and risk
management system
x
Anexa 2
Reasons for non
compliance/Explanations
on compliance
4
responsibility
of
for
The
the
monitoring
effectiveness
the
company’s internal control,
internal audit and
risk
is
management
specified in the ToR of the
Audit Committee.
systems
2018
For
the Audit
Committee performed the
annual assessment of the
internal control system.
See section B.3
This provision is already
mentioned under Art. 8,
par. 2 of CCG ROMGAZ.
the Audit
The ToR of
Committee approved by the
BoD in the meeting of May
14,
contains
provisions in relation to this
obligation.
2018
Also,
has
Romgaz
developed a Policy on
related party transactions
and this was approved by
the BoD on March 20,
2019.
Following the approval it
was published on
the
company’s website.
2018,
responsibility
the Audit
For
Committee
performed
evaluation on conflicts of
interest whenever was the
case.
for
The
the
monitoring
effectiveness
the
company’s internal control
systems, internal audit and
risk management systems is
specified in the ToR of the
Audit Committee.
of
Pagina 3 din 7
Board of Directors’2018
Anexa 2
Governance code provisions
Complies
Does not comply
or partially
complies
Reasons for non
compliance/Explanations
on compliance
1
2
3
4
B.7
B.8
B.9
B.10
B.11
B.12
The Audit Committee should monitor
the
application of statutory and generally accepted
standards of
internal auditing. The Audit
Committee should receive and evaluate the reports
of the internal audit team.
The Audit Committee should report periodically (at
least annually) or adhoc to BoD with regard to the
reports or analyses undertaken by the committee.
No shareholder may be given undue preference
over other shareholders with regard to transactions
and agreements made by the company with
shareholders and their related parties
The BoD should adopt a policy ensuring that any
transaction of the company with any of the
companies with which it has close relations that is
equal to or higher than 5% of the company’s net
assets (as stated in the latest financial report), it
should be approved by the Board following a
mandatory opinion of the Audit Committee and
fairly disclosed to the shareholders and potential
investors, to the extent such transactions fall under
the category of events subject to disclosure
requirements.
(internal
structural division
The internal audits should be carried out by a
separate
audit
department) within the company or by hiring an
independent third-party entity
The Internal Audit Department should functionally
report to the BoD via the Audit Committee. For
administration purposes and for the scope related to
the obligations of the management to monitor and
mitigate risks, the Internal Audit Department
should report directly to the Director General.
x
x
x
x
x
x
2018,
For
the Audit
Committee performed the
annual assessment on the
internal control system and
on the risk management
system.
The provision is already
mentioned under Art. 9 of
CCG ROMGAZ and it will
be
the
implemented by
Policy on related party
transactions,
policy
approved by the BoD on
March 20, 2019.
Following the approval, the
policy was published on the
company website.
Pagina 4 din 7
Does not comply
or partially
complies
3
Board of Directors’2018
Governance code provisions
Complies
2
x
x
C.1
1
The company should publish on its website the
Remuneration Policy. The Remuneration Policy
must be formulated so as to allow the shareholders
to understand
the principles and arguments
underlying the remuneration of the members of the
Board and of the General Director. Any significant
change occurred in the Remuneration Policy must
be posted in due time on the company's website.
The company must include in its Annual Report a
statement on the implementation of this Policy
during the annual period under review.
The Report on Remuneration must present the
implementation of the Remuneration Policy for
persons identified in this Policy during the annual
period under review..
D.1
The company should establish an Investors
Relation Department - indicating to the public the
responsible person/persons or the organizational
unit.
Besides the information required by the legal
provisions, the company should also include on its
corporate website a dedicated Investor Relations
section, both in Romanian and English, with all the
relevant information of interest for investors,
including:
D.1.1 Main corporate
the articles of
regulations:
incorporation, general meeting of shareholders
procedure;
x partially
Anexa 2
Reasons for non
compliance/Explanations
on compliance
4
The provision is already
mentioned under Art. 11,
par. 5 of CCG ROMGAZ.
The section Statement on
in
corporate governance
the Annual Board of
Directors’ Report includes
the
statements regarding
implementation
the
of
Remuneration Policy and
the
the remuneration of
Directors
of
Board
members
the
of
and
directors.
A separate document on
Remuneration Policy was
drafted and approved by the
BoD on March 12 2019.
Following the approval, the
policy was published on the
company website.
The Annual Report on
Remuneration is presented
together with the Annual
Board of Directors’ Report.
It presents details of the
principles applied for the
determination
the
remuneration of the Board
Members and directors.
of
on
the GMS
Items
organization are presented
to shareholders at each
meeting.
A separate document on the
GMS Procedure and Rules
was prepared and it will be
submitted for BoD approval
in a meeting subsequent to
this
of
statement
conformity.
Pagina 5 din 7
Board of Directors’2018
Anexa 2
Governance code provisions
Complies
1
D.1.2 Professional CVs of the members of the company’s
governing bodies, other professional commitments
of Board member’s, including executive and non-
executive Board positions in companies and non-
profit organizations.
D.1.4
related
information
D.1.3 Current reports and periodic reports (quarterly,
semi-annual and annual reports) – at least those
specified in Note D.8- including current reports
with detailed
to non-
compliance with the Bucharest Stock Exchange
Code of Corporate Governance
Information related to GMS: the agenda and
supporting materials; the procedure approved for
the election of BoD members, the arguments for the
proposal of candidates for the election to the Board
together with their professional CVs; shareholders’
questions related to the agenda and the company’s
answers, including the decisions taken by the GMS
Information on corporate events (such as payment
of
to
shareholders, or other events leading to the
acquisition or limitation of rights of a shareholder)
including the deadlines and principles applicable to
such operations.
The information will be published within a period
of time allowing investors to take investment
decisions.
distributions
dividends
D.1.5
other
and
D.1.6 The names and contact data of the persons who
to provide knowledgeable
should be able
information on request;
D.1.7 Corporate presentations (for example presentations
for investors, presentations on quarterly results
etc.), financial statements (quarterly, semi-annual,
annual), audit reports and annual reports.
D.2
D.3
D.4
D.5
The company will have a policy for annual cash
distribution of dividend or other benefits for
shareholders, proposed by the Director General and
adopted by the BoD as the company’s Guideline on
net profits distribution.
The principles of the annual distribution of
dividends policy to Shareholders will be published
on the company’s website.
The company shall adopt a policy with respect to
forecasts, whether they are made public or not. The
Policy on forecasts will determine the forecasts’
frequency, period and content and will be published
on the company’s website.
GSM rules should not restrict the participation of
shareholders in general meetings and the exercising
of their rights. The modification of rules will
become effective no sooner than the following
shareholders’ meeting.
The
the
external
shareholders’ meetings when their reports are
presented there.
auditors
should
attend
2
x
x
x
x
x
x
x
x
x
x
Does not comply
or partially
complies
Reasons for non
compliance/Explanations
on compliance
3
4
auditors
are
External
invited
to attend GMS
meetings when their reports
Pagina 6 din 7
Does not comply
or partially
complies
3
Anexa 2
Reasons for non
compliance/Explanations
on compliance
4
are presented
meeting.
in
said
Board of Directors’2018
Governance code provisions
Complies
D.6
D.7
D.8
D.9
D.10
1
The BoD should present to the GMS a brief
assessment of the internal controls and significant
risk management system, as well as opinions on
issues subject to resolution at the general meeting.
Any professional, consultant, expert or financial
analyst, may participate in the shareholders’
meeting upon prior invitation from the BoD.
Accredited journalists may also attend the GMS,
unless
the Board decides
otherwise.
The quarterly and semi-annual financial reports
should include information in both, Romanian and
English, regarding the key drivers influencing the
change in sales, operating profit, net profit and
other relevant financial indicators, both on quarter-
on-quarter and year-on-year terms.
the Chairman of
least
The company should organize at
two
meetings/conference calls with analysts and
investors each year. The information presented on
these occasions should be published on the
company website in the IR section at the time of
meetings/teleconferences.
If the company supports various forms of artistic
and
activities,
educational or scientific activities, and considers
the resulting impact on the innovativeness and
competitiveness of the company is part of its
business mission and development strategy, it
should publish the policy guiding its activity in this
area.
expression,
cultural
sport
2
x
x
x
x
x
Legend:
= General Meeting of Shareholders
GMS
BSE = Bucharest Stock Exchange
BoD
CCG
CCG ROMGAZ = the Code of Corporate Governance of S.N.G.N. ROMGAZ S.A., approved on January 28,
2016.
CV
ToR
= Board of Directors
= Code of Corporate Governance
= Curriculum Vitae
= Terms of Reference
Pagina 7 din 7
0
1
2
3
4
5
SNGN “ROMGAZ” SA Annex no.2
Litigations (status on December 31, 2018)
No.
File No./ Court of
Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
1
3878/110/2007 -
Bacau County Court
of Law
2
insolvency
proceedings
513/87/2012 -
Teleorman County
Court of Law
insolvency
proceedings
3
Romgaz - creditor
4
5
S.C.Uzina Termica
Comanesti S,A -
debtor
328,645.82
6
Decision no. 318/2009 of Bacau County Court of Law allowed SNGN
ROMGAZ SA‘s request to initiate insolvency proceedings. Currently,
specific insolvency proceedings acts are performed. A hearing is set
for the continuation of procedure.
Romgaz - creditor
SC Termaserv SRL
Alexandria - debtor
7,200,862.02
2177/99/2012 - Iasi
County Court of Law
insolvency
proceedings
Romgaz - creditor
SC CET Iasi SA -
debtor
46,270,752.91
1318/87/2013 -
Teleorman County
Court of Law
insolvency
proceedings
10917/107/2010/a2 -
Alba County Court
of Law
insolvency
proceedings
Romgaz - creditor
SC Termaconfort SRL
Rosiorii de Vede -
debtor
1,888,200.99
Romgaz - creditor
SC GHCL UPSOM
ROMANIA SA- debtor
68,573,109.11
interest). Specific
Receivables: RON 7,200,862.08 (on December 31, 2011 - equivalent
value of delivered gas, penalties,
insolvency
procedures are performed. A hearing is set for the continuation of
procedure.
Receivables: RON 46,270,752.91 (equivalent value of delivered gas,
late payment penalties, interest, court fees). Civil court resolution no.
697/April 17, 2012 issued by Iasi County Court of Law established the
initiation of the general insolvency procedure for the debtor, allowed
the lodgement of claim as formulated by Romgaz, the insolvency
procedure is continued
Receivables: RON 1,888,200.99 (delivered gas price, late payment
penalties, interest/penalties calculated according to Payment Schedule
Agreement, fees related to enforcement procedure).
to
initiate
On November 29, 2010, SNGN ROMGAZ SA filed against SC GHCL
UPSOM ROMANIA SA an application
insolvency
proceedings.
(File no. 10917/107/2010). SNGN ROMGAZ SA
requested the acceptance of certain, liquid and due receivables in
amount of RON 60,841,881.14 (representing the equivalent value of
natural gas, penalties calculated according to Payment Schedule
Agreement no. 100/May 5, 2009, late payment penalties calculated
until February 28, 2011, equivalent value of assignment of receivables
according to Assignment of Receivables Contract no. 1/June 2, 2009).
Against decision no. 351/F/May 18, 2011, the debtor filed recourse.
Alba Court of Appeal Law allowed the recourse, ruled the cassation of
the decision and sent the case for retrial at Alba County Court of Law.
1
Next
procedural
deadline
7
February
07, 2019
January 23,
2019
March 12,
2019
January 23,
2019
January 14,
2019
No.
6
File No./ Court of
Law
9526/3/2016
Bucharest County
Court of Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
insolvency
proceedings
Romgaz - creditor
SC
Termoelectrica
Bucuresti - debtor
PEET
SA
42,665,005.29
Allows the request of SC PEET TERMOELECTRICA S.A. Bucuresti to
initiate bankruptcy procedures in simplified form. Allows Romgaz
lodgement of claims in amount of RON 42,665,005.29. Bankruptcy
procedure continues. Hearings are set in this respect.
7
8028/95/2013 - Gorj
County Court of Law
insolvency
proceedings
Romgaz - creditor
8
6991/236/2009 -
Giurgiu Court of Law
Uzina
S.C.
Termoelectrica
Giurgiu - defendant
(RON
Claims
45,973.26
late
representing
penalty
payment
calculated
in
accordance with the
Gas Sales Contract
no. 14/2008)
S.C. Grup de Comert
si Investitii SRL (by
the official receiver-
Divizia de
Reorganizare
Judiciara si Executare
Creante IPURL) -
debtor
Romgaz - plaintiff
454,506.95 On October 24, 2013, Gorj County Court of Law allowed the request of
the debtor S.C.Grup de Comert si Investitii SRL requesting the
initiation of insolvency proceedings in order to reorganize its activity.
Acts specific to the insolvency procedure are performed. Hearing is set
for the continuation of proceedings. On September 29, 2018 BPI 18169
published the Creditors’ Minutes of Meeting approving the closing of
insolvency procedure and the continuation of activity in compliance
with the reorganization plan.
45,973.26 Amount of claims: RON 45,973.26 - late payment penalties calculated
according to Natural Gas Sale Contract No.14/2008.
Recourse. Recourse dismissed by Giurgiu County Court of Law.
9
598/57/2011 - Sibiu
County Court of Law
action
the
Bring
before administrative
appeal
Romgaz - plaintiff
Court of Accounts of
Romania - defendant
102,357,059
SNGN ROMGAZ SA brought the action before administrative court
requesting the annulment of decisions issued by the Romanian Court
of Accounts – Sibiu Chamber of Accounts, namely: Note no.3/2011;
Decision No.10/24.01.2011;Finding report registered at SNGN Romgaz
SA under no. 2033/10.12.2010. According to Ruling no. 950/2016 the
action was denied. Recourse was filed. On January 10, 2018 the court
allowed the recourses filed by the plaintiffs SNGN Romgaz S.A. and by
the defendants CAMERON INTERNATIONAL CORPORATION, SC
INDUSTRIAL TRADING SRL, SC
INSPET SA PLOIEŞTI, SC
CONDMAG SA, SC PETROSTAR SA against ruling 950/2016 issued
by Sibiu County Court of Law. It annuls part of the ruling and retains
the file for retrial of findings and of measures no. 4, 5, and 6 of
Decision 10/January 24, 2001 issued by Sibiu Court of Accounts. The
2
Next
procedural
deadline
February
26, 2019
Finalized,
enforcement
of
judgement,
the
receivables
is partially
recovered,
amount to
recover:
RON
5.746.67
January 23,
2019
No.
File No./ Court of
Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
remaining part of the Ruling 950/2016 issued by Sibiu County Court of
Law is maintained. Dismisses the recourse filed by SNGN Romgaz
S.A. against Ruling no. 1421/2017 issued by Sibiu County Court of
Law. Final ruling no. 1/2018 dated January 10, 2018.
On the trail date set on May 23, 2018, the court allowed technical
expertise and accounting expertise. A date was set for filing the
expertise reports.
In the summons, SNGN ROMGAZ SA requested the court to compel
the defendants to a jointly payment of monies.
In the summons, SNGN ROMGAZ SA requested the court to compel
the defendants to pay jointly the amount of RON 43.059.199,
representing an undue payment in connection with labour contract no.
217/2006
20,052,457
43,059,199
Next
procedural
deadline
February
19, 2019
stay of trial
proceedings
15,596,065
In the summons, SNGN ROMGAZ SA requested the court to compel
the defendants to a jointly payment of monies.
stay of trial
proceedings
23,645,128
In the summons, SNGN ROMGAZ SA requested the court to compel
the defendants to pay.
stay of trial
proceedings
7852/85/2013 -Sibiu
County Court of Law
Claims
payment
-undue
Romgaz - plaintiff
8259/62/2013 -
Brasov County
Court of Law
Claims
payment
-undue
Romgaz - plaintiff
8258/62/2013 -
Brasov County
Court of Law
Claims
payment,
contract no.14/2009
-undue
works
Romgaz - plaintiff
8260/62/2013 -
Brasov County
Court of Law
Claims
payment
-undue
Romgaz - plaintiff
SC APROV SA; SC
ROMOIL SA -
defendant
SC Condmag SA;
Cameron International
Corporation -
defendants
SC INSPET SA; SC
Condmag SA; SC
Petrostar SA; SC
Industrial Trading
SRL - defendants
SC Condmag SA -
defendant
10
11
12
13
14
19495/3/2013 -
Bucharest Court of
Law
15
2541/96/2013 -
Harghita County
Court of Law
claims
(equivalent
value of delivered
and unpaid natural
to
gas, according
Gas Sale Contract
no. 2/2010)
insolvency
proceedings
Romgaz - plaintiff
SC G-ON Eurogaz
SRL - defendant
11,920,527.50
Claimed amount: RON 11,920,527.50 (equivalent value of delivered
and unpaid natural gas)
The last immovable property sale auction (guarantee) was finalized.
The proposal is to complete the compulsory enforcement file and to
initiate insolvency proceedings.
compulsory
enforcement
Romgaz - creditor
SC MAVEXIM SRL -
debtor
On the trial date of June 25, 2013, the court allowed the debtor’s
request to file for insolvency (in compliance with art. 27 paragraph 5 of
law 85/2006). The debtor
insolvency procedures. The
initiated
procedure continues. Goods are assesses. Goods are sold.
January 30,
2019
3
No.
16
File No./ Court of
Law
781/85/2014 Sibiu
County Court of Law
(Bucuresti Court of
Law file no.
28323/3/2014
Case
Plaintiff
Defendant
Amount
(RON)
Description
Next
procedural
deadline
Claims
Romgaz - plaintiff
Electrocentrale
-
Bucuresti
SC
SA
defendant
240,280,906
Amount of claim: RON 240,280,906.05. The court allows the summons
and issued ruling 2514/May 13, 2015. The defendant files an appeal.
The court of appeal allows the appeal filed by SC Electrocentrale
Bucuresti S.A. through its Official Receiver KPMG Restructuring SPRL,
partly changes the appealed ruling meaning that it partly allows the
case and compels the defendant to pay RON 40,511,915.91 as legal
interest. Recourse may be filed within 30 days from communication of
ruling no. 1176/June 26, 2017. Recourse filed. On June 05, 2018, the
High Court of Cassation and Justice stayed the recourses filed by the
parties according to Law 85/2014, art. 75, par. 1.
17
1540/215/2013 -
Craiova Court of
Law
Claims
Prunoiu Gheorghita
- plaintiff
Romgaz
Ploiesti - defendant
- SISGN
18
19
1463/108/2012 –
Arad Court of Law
Insolvency
proceedings
Romgaz – SISGN
Ploiesti – creditor
SC Amarad SA –
debtor
2375/85/2016 Sibiu
County Court of Law
challenge
Romgaz – plaintiff
Romanian Court of
Accounts – defendant
50,000 According to the summons, the plaintiff requests the decommissioning
of pipelines allegedly undercrossing the plaintiff’s land and to compel
the defendant to the payment of the equivalent value for non-use of
land affected by such pipelines. The case is under stay of proceedings
because the plaintiff did not comply with the court’s dispositions.
The case is reinstated.
A topographical and agricultural expertise was order. Objections were
filed and allowed. On November 26, 2018, the sentence is pending.
The request was dismissed as unfounded. Right to file a recourse.
42,418.48 Upon the debtor’s request, prepared in accordance with the provision
Scope of
dispute cannot
be evaluated in
money
of Article 27, paragraph 5 of Law 85/2006, insolvency procedures were
initiated.
Challenge of Decision no. 26/2016 issued by the Romanian Court of
Accounts – Sibiu Court of Accounts. Court of first instance. The Court
of Accounts found the following irregularities: 1) Romgaz did not
allocate to the financial results the value of certain cancellations
representing costs with the abandonment of some investment works
for some production wells); 2) delivery on the regulated market of an
energy quantity higher than the legal obligation (2013-2015); 3)
unjustified settlement of flight tickets; 4) illegal payment of legal
assistance services; 5) acceptance for payment of incorrectly
performed works; 6) unjustified payment for regular overtime pay. Two
relating expertizes were approved in connection with accounting and
natural gas matters. Ruling no. 527/2018, the court partially allowed
the action filed by Romgaz and ordered the partial annulment of the
Courts of Account disposition: irregularities 1, and 2 fully, and partially
irregularity 6. Right to file recourse within 15 days from the ruling
January 25,
2018
No deadline
established
4
No.
File No./ Court of
Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
Next
procedural
deadline
20
17666/320/2010 –
Tg. Mures Court Of
Law
claims
Romgaz - Suc. Tg.
Mures – defendant
SC Network Press
Concept SRL
Medias (former
RODIPET) –
defendant
6,851.25 The defendant failed to meet the contractual obligation to deliver the
Romanian Official Journal for Q2 and Q3/2008: 4 subscriptions to Part
I, 3 subscriptions to Part I bis and 1 subscription to Part VI, therefore
the defendant is obliged to refund RON 6,851.25 (out of which RON
565,70 is VAT). Currently the case is suspended based on Article 36 of
Law 85/2006 on Insolvency procedure.
stay of trial
proceedings
communication date. The ruling was communicated. The recourse
against the County Court’s Ruling was drafted. Both Parties to the trial
filed recourse against the ruling: Romgaz against Sibiu County Court of
Law Ruling in connection with irregularities 3-5 and partially 6; the
Court of Accounts against Sibiu County Court of Law Ruling in
connection with irregularities 1-2 and partially 6.
21
7070/320/2012 –Tg.
Mures Court of Law
claims
Barsan Romulus -
plaintiff
Romgaz – Suc. Tg.
Mures – defendant
22
963/85//2013 –Sibiu
County Court of Law
claims
Romgaz – Suc. Tg.
Mures – plaintiff
Borda Alexandru –
defendant
Resolution
not
communicat
ed
88,000 By summons the plaintiff requested the court to compel the payment of
the following claims: RON 80,000; RON 30,000; RON 3,000/month;
RON 88,000. The cause was postponed to allow the communication of
objections to the expertise report
The first trial court, Tg. Mures Court of Law, partially allowed the action
filed by the plaintiff B.V. (as heir to the deceased B.L.) against the
defendant. It compels the defendant to pay the plaintiff the amount of
RON 47,460 representing the equivalent value of lack of usage in
connection with the 3488sq m piece of land, entitlement number
118206, parcel 12 A 581/1/2 over the past 9 years, calculated until July
3, 2018. It compelled the defendant to pay to the plaintiff starting with
July 4, 2018 the amount of RON 5,580/year as equivalent value of lack
of usage in connection with the 3488sq m piece of land, entitlement
number 118206, parcel 12 A 581/1/2, until the land is brought to its
initial usage state and is returned to the plaintiff. Compels the
defendant to pay RON 20,728 to the plaintiff as legal expenses: RON
9,793 for stamp duty, RON 945 expert fee for Dirja Marcel, RON 3,040
expert fee for Boca Gligore, RON 6,950 – lawyer’s fee. The other
claims of the plaintiff were dismissed as unfounded.
1,307 The case consists of compelling the defendant to refund the plaintiff
RON 1,304 representing the holiday allowance and the holiday
remuneration for the period he didn’t work and received holiday leave,
because after effectuating the holiday leave for the year 2012 (34
days) in March and May 2012, the defendant had a number of 32
enforcement
5
No.
File No./ Court of
Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
Next
procedural
deadline
23
24
25
26
186/1371/2007
Mureş Commercial
Court of Law
Insolvency procedure Romgaz – STTM
Tg.Mureş – Creditor
SC Poliglot
Comimpex SRL -
Debtor
2899/62/2015
Brasov County
Court of Law
Insolvency procedure SNGN Romgaz SA
–STTM Tg.Mureş –
creditor
claims
580/1371/2010 –
Mures Commercial
Court of Law
12236/320/2012 –
Tg. Mures Court of
Law
Romgaz – Suc.
Medias – creditor
Romgaz – Suc.
Medias – plaintiffs
SC Condmag SA
Brasov, debtor,
represented by the
Official Receiver
Rominsolv SPRL
Bucuresti
SC Globe Trotters
SRL – debtor
SC Torpi SRL; SC
Manadas SRL –
defendands
(working days) of unjustified absences, which lead to his disciplinary
dismissal. Court allowed the action. The enforcement order was
initiated.
6,783.41 As of November 22, 2007, Mures County Court of Law allowed the
request for initiating the insolvency procedure against the debtor SC
Poliglot Comimpex RL. STTM Tg. Mures is a creditor included in the
body of creditors with the amount RON 6,783.41.
Deadline established
January 31,
2019
70,467.25 STTM Tg. Mures is creditor, its RON 70,467.25 receivable being
included in the final body of creditors. Hearing is allowed for
continuation of reorganization plan.
March 19,
2019
9,206.21 Value of claims: RON 9,206.21
11,575.52 Value of claims: RON 11,575.52
27
3128/257/2013 –
Medias Court of Law
Claims
Romgaz – plaintiff
Asociatia sportiva
“Dacia Atel” –
defendant
28
3127/257/2013 –
Medias Court of Law
claims
Romgaz – plaintiff
Asociatia
transparenta deciziei
administrative Medias
– defendant
6
6,247.77 By summons, the court is requested to establish the termination of the
Sponsorship Contract no. 178/2011 and, as a consequence, to restore
the parties to their initial state by compelling the defendant ASOCIATIA
SPORTIVA “DACIA ATEL to pay RON 6,247.77,
RON 5,000 as financial support provided under Contract 178/2011.
2,926.64 By summons, the court is requested to establish the termination of the
Sponsorship Contract no. 8/February 25, 2010 and, as a consequence,
to restore the parties to the initial state by obligating the defendant
ASOCIATIA
ADMINISTRATIVE
MEDIAS” to pay the amount RON 2,926.64.
“TRANSPARENTA DECIZIEI
March 27,
2019
stay of trial
proceedings
according to
Law
86/2006,
article 36
until
settlement
compulsory
enforcement
compulsory
enforcement
Next
procedural
deadline
Finalized
No.
29
File No./ Court of
Law
3816/320/2018
Medias Court of Law
Complaint of violation ROMGAZ-Tg.
Mures –
petitioner
CNADNR –Cestrin
Bucuresti
750
Case
Plaintiff
Defendant
Amount
(RON)
Description
30
30/257/2017-
Medias Court of Law
Embezzlement Art.
295 Criminal Code
SNGN ROMGAZ
S.A. – STTM Tg.
Mures – civil party
claiming damages
Tarnu Razvan Cornel-
defendant
1,024
According to the summons, Romgaz STTM requested the annulment
of the Record of Findings No R18 0138136/February 20, 2018 issued
by Cestrin Bucuresti on grounds that the vehicle allegedly belonging to
the undersigned circulated without a valid RO-Vignette, given the fact
that the vehicle has been previously disposed of by the undersigned.
Indictment drafted by the Public Prosecutor’s Office of Medias Court of
Law ordered the trial of the defendant Tarnu Razvan charged with
embezzlement as stipulated in Art.295 par.1 Penal Code.
Romgaz, is civil party claiming damages in amount of RON 1,024,
equivalent value of 200 l of fuel stolen by the defendant from the truck
with the license plate SB-08-TTM.
Civil ruling no. 85/02.04.2018 sentenced Tarnu Razvan to a 2-year
imprisonment for embezzlement and orders the conditional suspension
of the execution of sentence. It compels the defendant to pay
RON1.024 to the civil party claiming damages. Appeal filed by the
defendant and by the civil party claiming damages. Appeal result:
Ruling 709/03.10.2018 allows the appeal filed by the defendant against
penal ruling 85/April 2, 2018 which is entirely dismissed based on
article 396 par. 5Criminal Procedure Code in corroboration with article
16 par. 1, letter b, thesis I, Criminal Procedure Code, and orders the
investigation of the defendant under charge of embezzlement. The
defendant was retained in custody for a 24-hours period. Based on
Article 25, par. 5 Criminal Procedure Code, the court leaves the civil
claim unsettled. Rejects the appeal filed by the plaintiff against the
penal ruling no. 85/April 2, 2018 of Medias Court of Law on grounds of
delayed filing. The partial RON100 lawyer fee of the lawyer appointed
by office is to be paid from the Ministry of Justice funds. Based on art.
275/par. 2 Criminal Procedure Code, the civil party claiming damages
is obligated to pay RON 200 as legal fees in connection with the
appeal.
Ruling is final.
31
3104/85/2014 - Sibiu
County Court of Law
Public procurement
related litigation
Romgaz plaintiff
S.C. ICPE
Electrocond
Tehnologies S.A.,
Energ Natural Power
Limited, S.C.
Instaservice S.R.L.:
defendants
7
274.900,60 Romgaz requested the court to compel the defendants to the jointly
pay the updated amount of RON 274,900.60 representing the prejudice
caused to Romgaz consisting of the equivalent value of electricity
generation not generated during December 16, 2013-January 14, 2014
and to the payment of court fees. Accounting expertise was performed.
Deadline was set for the expert to reply to objections made in
connection with the expertise. Postponement for filing an addendum to
January 23,
2018
No.
File No./ Court of
Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
32
4760/102/2013 -
Mures County Court
of Law
Criminal court -
corruption (Law
78/2000)
Romgaz -
Sucursala Medias:
injured party
Giurgea Teodor s.a.:
defendant
33
2699/251/2014 -
Ludus Court of Law
Eviction
Romgaz - SPEE
Iernut: plaintiff
34
3843/121/2014 –
Galati County Court
of Law
Insolvency procedure Romgaz - creditor
SC Marele Alb
Prodimpex SRL:
defendant
Electrocentrale Galati
SA - debtor
the expertise report. Deadline is established for examination purposes.
Romgaz action is partially allowed. Right to file a recourse. Recourse
will be filed within the time limits.
In this case file, Romgaz – Sucursala Medias is injured party as it is
creditor to SC Globe Trotters SRL, a company in insolvency. In fact,
the prejudice to Romgaz – Sucursala Medias is due to an agreement
between the defendants and the directors of SC Globe Trotters SRL for
the creation of an unlawful assignment (by making use of fictional
documents). Ruling: conviction without guilty plea. Right to appeal
within 10 days from the communication. Appeal filed on April 22, 2018.
The scope of file is the settlement of the eviction request initiated by
the plaintiff due to the fact that the defendant has late rent payments.
On May 7, 2015, the court allowed the request. The compulsory
enforcement procedure was initiated.
162,281,861.83 The subject matter of the case file is the settlement of the request filed
by the debtor SC Electrocentrale Galati SA, under Law no.85/2006 on
insolvency procedure. On June 16, 2014, the Court allowed the
application, decided to open the general insolvency procedure against
the debtor.
SNGN ROMGAZ SA
the
filed an application
outstanding debt in amount of RON 162,281,861.83 (equivalent value
of natural gas, penalties and interests). In relation to this amount to be
the body of creditors, only RON
included
139,056,681.91 was allowed by the liquidator of assets of SC
Electrocentrale Galati SA. Romgaz, as creditor, challenged the
preliminary table of receivables. (Currently, the challenges to the
preliminary table are on trial)
For subsequent procedure – trial date:
to acknowledge
for Romgaz
in
Next
procedural
deadline
January 01,
2018
Compulsory
enforcement
January 14,
2019
35
2899/62/15 – Brasov
County Court of Law
insolvency
Romgaz
SC Condmag SA
83,225,512.28 Recovery of undue payment found by the Court of Accounts
March 19,
2019
8
File No./ Court of
Law
3843/121/2014/a1
Galati County Court
of Law
509/1371/2015
Mures County Court
of Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
insolvency
Romgaz- creditor
Elcen Galati-debtor
162,281,861.83 Challenge of the nominal table
insolvency
Romgaz- creditor
Foraj Sonde Ernei-
debtor
1,428.98 Trial date. Insolvency procedure is continued.
No.
36
37
38
2496/102/2015* -
Sibiu County Court
of Law
claims
Romgaz - SA Suc.
Tg. Mures - plaintiff
Kovacs Ladislau -
defendant
Next
procedural
deadline
January 21,
2019
January 16,
2019
Compulsory
enforcement
Compulsory
enforcement
April 19,
2019
September
12, 2019
318,881.96 Alba Iulia Court of Appeal allowed by Ruling 737/03.07.2018 the
appeal filed by the plaintiff against civil ruling no. 1316/2017 issued by
Sibiu County Court of Law ]n case file no. 2469/102/2015 which is
partly altered. It partly allows the request filed by the plaintiff against
the defendant and consequently it compels the defendant to pay RON
223,613.35 and VAT in amount of RON 53,667.58 representing
patrimonial damages. The remainder of the ruling is maintained. It
compels the plaintiff to RON 1,950 as court expenses in relation to the
court of first trial.
62,972.85 The civil actions for claiming damages filed by Romgaz-SPEE Iernut
against SC Romarcom SRL is partially allowed and consequently:
-
-
-
the defendant is obliged to pay the plaintiff RON 16,605.35
as damages;
the defendant is obliged to pay the plaintiff RON 935
representing court fees.
SC Romarcom filed for appeal. Appeal dismissed. Right to
recourse.
22,424,030 Bucharest Court of Appeal partially allows Romgaz action. Ruling is
challenged with appeal by both parties. The instance communicated to
each party the request for recourse of the other party. Romgaz filed a
statement of defence in connection with the recourse requests of the
Parties and a reply to the statement of defence filed by ANAF.
986.52 Equivalent value of unpaid invoice.
39
1560/251/2015
Ludus Court of Law
claims
Romgaz SA –
SPEE Iernut-plaintiff
Romarcom SRL-
defendant
40
41
8029/2/2015
Bucharest Court of
Appeal
Challenge of
administrative
document
Romgaz
ANAF Brasov
8237/107/2012
Alba County Court
of Law
Insolvency
Romgaz -
Sucursala Medias-
creditor
SC AgroValea Lunga
SRL: debtor
9
No.
42
File No./ Court of
Law
8057/320/2016 -
Targu Mures Court
of Law
claims
SC Ambient SA:
plaintiff
Romgaz - STTM
Targu Mures:
defendant
Case
Plaintiff
Defendant
Amount
(RON)
Description
130,496.59 The plaintiff requests the payment of RON 130,496.59 representing
outstanding payment obligations under the Debt Assumption Contract
no. 121/September 21, 2012 concluded with Romgaz-STTM, to which
the legal interest is added. Ruling no. 847/2017 dismisses the request.
The defendant requests the supplementation of ruling with the order to
compel the plaintiff to payment of court expenses already paid by the
defendant. Plaintiff filed an appeal.
Ruling 137/05.03.2018 allows the dismissal for lack of material
competence declining the settlement of case to Mures County Court of
Law.
Civil ruling no. 801/June 21, 2018, Mures County Court of Law finds a
negative competence conflict, orders the suspension of appeal and
sends the case file to Tg. Mures Administrative Court for settlement of
competency.
Sets the settlement competency of the appeal filed by the plaintiff
represented by the special administrator Ioan Ciolan and official
receiver SIBINSOLV IPURL against civil ruling no. 847/February 17,
2017 issued by Tg. Mures Court of Law in case file no. 8057/320/2016
in favour of the specialized Tg. Mures Court of Law.
130,496.59 Ruling 666/October 19, 2018 allows the appeal filed by the appellant
A.S.A. against civil ruling no. 847/February 17, 2017 given by the Tg.
Mures Court of Law in case file no. 8057/320/2016. It completely
changes the appealed ruling and consequently obliges the defendant
to pay to the plaintiff RON 130,496.59 as damages representing the
due payment instalments of the payment obligation. It compels the
defendant to pay to the plaintiff the legal interest relating to the main
payment obligation from the due date of each payment instalment until
the full repayment of each instalment. The ruling is final.
269 The appellant filed a civil action requesting the annulment of the
sanctioning decision no. 296/December 12, 2017 whereby he was
sanctioned with a 5% reduction of the base salary for 2 months due to
several disciplinary misconducts specified in the decision.
Ruling no. 112/23.10.2018 – partially allows the introductory request of
the court. Partially annuls Decision no. 296 of December 12, 2017
relating to the disciplinary sanction of the act contained in summons C
i.e. repeated disregard of the parking rules of STTM Targu-Mures.
Dismisses the remainder of the action upholding the attacked ruling as
legal and based on substantial evidence. It compels the plaintiff to the
Next
procedural
deadline
Final ruling
(disinvestm
ent 459/July
16, 2018
Final ruling
not
communicat
ed
Appeal filed
by the
appellant,
term not
established
43
8057/320/2016* -
Targu Mures County
Specialized Court of
Law
Claims - appeal
SCATL
CONSTRUCTIONS
SRL and SC
Ambient SA: plaintiff
Romgaz - STTM
Targu Mures:
defendant and SC
Ambient S.A. by
Special Administrator,
impleader
44
218/102/2018 Tg
Mures County Court
of Law
Labour litigation
Romgaz – STTM
Tg. Mures –
defendant
Dascal Alexandru -
plaintiff
10
Next
procedural
deadline
Ruling not
communicat
ed
Ruling not
communicat
ed
No.
File No./ Court of
Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
45
222/102/2018 Tg
Mures County Court
of Law
Labour litigation
Romgaz – STTM
Tg. Mures –
defendant
Dascal Alexandru -
plaintiff
46
4095/102/2017
Labour litigation
Romgaz – STTM
Tg. Mures –
defendant
Plaintiff – Moldovan
Iuliu
payment of RON 1,000 representing court and lawyer’s fees. Right to
file an appeal within 10 days.
775 The civil case filed by the defendant requests the annulment of the
disciplinary sanction no. 6/January 11, 2018 whereby the employees
was sanctioned with a 5% reduction of the base salary for 3 months
due to disciplinary misconduct consisting of exhibiting violent behaviour
during work hours.
Ruling no. 1270/08.11.2018 – rejects the civil action filed by the
defendant against the plaintiff. Right to file an appeal within 10 days.
in connection with
4,178 The civil case filed by Romgaz STTM as creditor requests the court to
compel a former employee, Mr. Moldovan Iuliu to pay RON 4,178
representing undue wage-related rights
the
additional vacation days, payment obligations in connection with the
employee’s training at the employer’s initiative and equivalent value of
unreturned safety equipment owed by the debtor due to the termination
of the individual labour agreement according to Labour Code article
248, par. 1, letter e – termination of employment due on disciplinary
grounds – absence without leave.
Ruling no. 1060/October 09, 2018 – partially allows the request filed by
the plaintiff against the defendant. It compels the defendant to pay to
the plaintiff RON 2,665.71 out of which RON 1,945 representing undue
wage-related rights, RON 571.98 representing the equivalent value of
safety equipment and RON 148.73 representing
fees.
Dismisses the count of compelling the plaintiff to the payment of court
fees. Right to file an appeal within 10 days from the communication
date.
training
47
1278/102/2016
Labour litigation
Romgaz- STTM Tg.
Mures - defendant
Cotoi Ioan-plaintiff
63.811,09 Action in patrimonial liability of the employee for the damage brought to
the company found in relation to the company’s 2015 inventory of the
patrimony administered by the plaintiff.
Civil Ruling no. 580/July 03, 2017 – rejects the civil action filed by the
plaintiff Romgaz STTM Tg. Mures (against the defendant C.I.S.).
Allows the counterclaim filed by the defendant – counter plaintiff C.I.S.
against the plaintiff – counter defendant Romgaz STTM Tg. Mures.
Compels the defendant – counter plaintiff to make a disposition of
release in favour of the defendant – counter plaintiff of the entire
amount withheld as guarantee and of the relating interest amounts
accumulated in the bank account no. RO29CRDZ002A001810589001
opened with Patria Bank in favour of S.N.G.N. „Romgaz” S.A., the
11
No.
File No./ Court of
Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
Next
procedural
deadline
titleholder of the collateral deposit being C.I.S.
Compels the plaintiff – counter defendant to return to the defendant –
counter plaintiff RON 29,902. Cancels
the payment obligations
prepared on December 17, 2015. Compels the plaintiff to pay to the
defendant RON 5,000 as court fees. Right to file an appeal within 10
days from the communication date. Request for appeal is to be filed
with Mures County Court of Law.
Appeal filed by STTM on March 28, 2018.
Civil Ruling no. 222/A/June 14, 2018 – allows the plaintiff’s appeal,
partially changes the ruling to the extent that compels the plaintiff –
counter defendant to return to the defendant-counter plaintiff RON
28,572. Maintain the remainder of the appealed ruling. Compels the
appellant to pay to the appellee Cotoi Ioan Stefan RON 1,000 as
appeal-related court fees.
48
3183/306/2016
Sibiu Cout of law
Claims
Romgaz - SPEE
Iernut : plaintiff
SC Laromet Metal
Star-D SRL:
defendant
4,000.03 Allows the request. Civil ruling no. 433/2017. Enforcement file no.
783/2017 – SCPEJ Dumitru Marius-Vasile and Stoian Codruta.
Unrecovered amount: RON 4,000.03.
Compulsory
enforcement
49
847/1285/2014 -
Cluj County
Specialized Court of
Law
Insolvency
proceedings
Romgaz - SPEE
Iernut - creditor
SC Marele Alb
Prodimpex SRL -
debtor
50
1335/251/2016 –
Ludus Court of Law
claims
Romgaz - SPEE
Iernut: plaintiff
PFA Cormos Daniela:
defendant
51
698/251/2016 –
Ludus Court of Law
Claims, separated
from File Case no.
1855/251/2013
PFA Cormos
Daniela: plaintiff
Romgaz - SPEE
Iernut: defendant; SC
Comindal Impex SRL:
defendant
12
64,742 Civil Ruling no. 101/2015, the Specialized Court of Law ruled on
initiating the general insolvency proceeding against the debtor SC
Marele Alb Prodimpex SRL.
The receivables are completely enlisted
Continuation of insolvency procedure
insolvency assets.
for
March 14,
2018
4,184.00 Allows the request. Civil Ruling no. 1012/2016. With Appeal. Dismisses
the appeal. Final ruling. Civil ruling 550/2017. Enforcement file no.
1083/2017 – BEJ Vlas Maria Cristina. Outstanding amount to be
recovered: RON 1,350.
Compulsory
enforcement
150,000 Damages. Civil Ruling no. 1122/2017 - Dismisses the plaintiff’s
request. Right to file an appeal.
Term not
established
File No./ Court of
Law
2899/62/2015 of
Brasov County
Court of Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
Insolvency
proceedings
Romgaz –
Sucursala Medias –
Creditor
S.A. Condmag S.A. -
debtor
RON 9,403.24 +
200 court fees.-
Request to initiate insolvency proceedings. Delays the case file for the
continuation of proceedings and settlement of appeal against the ruling
to initiate the insolvency proceedings.
Next
procedural
deadline
March 19,
2019
319/1371/2016 –
Mures Commercial
Court of Law
claims
LEX Guard Security
SRL Reghin:
plaintiff
Romgaz - Sucursala
Targu Mures:
defendant
126,483.91 Claims arising in connection with the abusive termination of Security
Services Contract. Action dismissed. Court issues ruling no. 94/2016.
Appeal may be filed within 30 days. Ruling is not communicated.
Currently
not
established
No.
52
53
54
627/102/2016 –
Mures County Court
of Law
corruption
Romgaz: injured
party and plaintiff
claiming damages
55
681/57/2015
Action for annulment
Romgaz: plaintiff
Avram Pantelimon,
Olaru Ioan Tiberiu,
Mincan Emil Valentin,
Ştefan Ioan:
defendants
Consiliul National
pentru Combaterea
Discriminarii si
Sindicatul "Extractie
Gaze si Servicii"
146,637.06 Criminal action against corruption.
The scope of
is
the action
to partially allow Decision no.
371/September 2, 2015 issued by Colegiul Director al CNCD, the use
of the wording “signing syndicate” throughout Romgaz Collective Labor
Contract 2015-2016 does not constitute a discrimination based on
syndicate membership and on access to its facilities; consequently the
deletion from Romgaz Collective Labor Contract of the above-indicated
wording is not required, the issuance of a fine to Romgaz is not
grounded and the publishing of the resolution in a nation-wide paper is
not required. Alba Court of Appeal allowed the action. CNCD filed
recourse. ICCJ did not set a trial date.
January 18,
2019
January 17,
2019
Stay of
proceedings
56
1284/102/2016
Mures County Court
of Law
Labour related
litigation
Sturza Ioan: plaintiff Romgaz
158,272 Discrimination. Stay of proceedings until the final settlement of file
249/57/2016.
57
249/57/2016 Alba
Iulia Court of Appeal
Labour related
litigation
Romgaz: plaintiff
CNCD and Sturza
Ioan: defendants
Alba-Iulia Court of Appeal: annulment of Decision no. 603/December
09, 2015.Recourse will be filed with the Higher Court of Cassation and
Justice.
Currently
not
established
13
No.
File No./ Court of
Law
58
1300/102/2016
Labour related
litigation
Tegla Nicodim
Ciprian: plaintiff
Romgaz: defendant
Case
Plaintiff
Defendant
Amount
(RON)
Description
130,000 Mures County Court of Law: scope of case file is to compel Romgaz to:
- review salary-related rights starting with 2013 until now and
onwards;
- pay salary-related monetary difference starting with June 2013 until
the full payment thereof amounting RON 130,000 at the record date of
the action, for 36 months;
- pay legal interest on salary-related monetary differences starting
with June 2013 until the full payment thereof. Accounting expertize
shall be performed. Term established for filing the expertize report.
Expertise report was filed. Objections were filed in connection with the
expertise report. Term was established for providing answers to the
objections.
Insolvency – table of receivables was filed. Challenge was filed. Allows
the challenge of debtor DistrigazSud Retele. Appeal may be filed within
7 days from its publication in the Official Journal of Romania.
Final table was challenges on April 05, 2018
New case file was separated in connection with settlement of
challenge: case file no. 29466/2/2018
Trial terminated – plaintiff deceased. Settlement in brief: case
reinstated and establishes the date of August 21, 2017 to assess the
stay of proceedings until the inclusion of the deceased’s legal
successors according to 412, art. 1 Civil Procedure Code.
On June 07, 2018 the court found the request to be obsolete.
569,945,968.48
Next
procedural
deadline
January 22.
2019
February
21, 2018
Obsolete
request
Stay of
proceedings
59
35304/3/2016 -
Bucharest Court of
Law
Insolvency
Romgaz: creditor
SC Electrocentrale
Bucuresti SA: debitor
60
3129/85/2017 -
Sibiu County Court
of Law
Challenge of
termination of
employment
notice/decision
61
207/102/2017 Mures
County Court of Law
Monies due
Iakab Zoltan -
plaintiff
ROMGAZ
Suc.Medias –
defendant
413 employees of
SPEE Iernut –
plaintiff
Romgaz - defendant
Revision of remuneration rights from February 1, 2014 onwards. Stay
of proceedings until de final settlement of case file 249/57/2016
62
4483/320/2017
Mures County Court
of Law
Impleader
Romgaz – plaintiff
FGA (Policyholders
Guarantee Fund) -
defendant
Impleader request separated from case file 11776/320/2016. Rejects
the summons filed by the plaintiff against the defendant. Romgaz filed
an appeal. Ruling 408/A/2018 Mures County Commercial Court of Law
declined its competence in favour of Mures County Court of Law Civil
Section. On October 16, 2018 the case file was sent to Mures Court of
Appeal for the settlement of the negative competence conflict between
Mures County Court of Law - Civil Section and its Specialized Court.
14
No.
63
File No./ Court of
Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
2158/257/2015
Medias Court of Law
Validation of
garnishment
Drilling Equipment
SRL – Creditor
Dafora SA – Debtor
163,164 Romgaz – garnishee
64
2157/257/2015
Medias Court of Law
Validation of
garnishment
Drilling Equipment
SRL – Creditor
Dafora SA – Debtor
163,164 Romgaz – garnishee
65
2154/257/2015
Medias Court of Law
Validation of
garnishment
Drilling Equipment
SRL – Creditor
Dafora SA – Debtor
163,164 Romgaz – garnishee
66
2156/257/2015
Medias Court of Law
Validation of
garnishment
Drilling Equipment
SRL – Creditor
Dafora SA – Debtor
131,305.83 Romgaz – garnishee
67
2153/257/2015
Medias Court of Law
Validation of
garnishment
Drilling Equipment
SRL – Creditor
Dafora SA – Debtor
163,164 Romgaz – garnishee
68
2152/257/2015
Medias Court of Law
Validation of
garnishment
Drilling Equipment
SRL – Creditor
Dafora SA – Debtor
131,305.83 Romgaz – garnishee
15
Next
procedural
deadline
stay of
proceedings
resulting
from the
debtor’s
insolvency
stay of
proceedings
resulting
from the
debtor’s
insolvency
stay of
proceedings
resulting
from the
debtor’s
insolvency
stay of
proceedings
resulting
from the
debtor’s
insolvency
stay of
proceedings
resulting
from the
debtor’s
insolvency
stay of
proceedings
resulting
from the
debtor’s
insolvency
No.
69
File No./ Court of
Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
2018/257/2015
Medias Court of Law
Validation of
garnishment
Drilling Equipment
SRL – Creditor
Dafora SA – Debtor
5,012.08 Romgaz – garnishee
70
21555/257/2015
Medias Court of Law
Validation of
garnishment
Drilling Equipment
SRL – Creditor
Dafora SA – Debtor
163.164 Romgaz – garnishee
71
2097/257/2015
Medias Court of Law
Validation of
garnishment
SC Macro-Tur SRL
– Creditor
Dafora SA – Debtor
8,437.98 Romgaz – garnishee
72
2095/257/2015
Medias Court of Law
Validation of
garnishment
SC Macro-Tur SRL
– Creditor
Dafora SA – Debtor
40,000 Romgaz – garnishee
73
74
461/1371/2016 –
Mures Commercial
Court of Law
4270/102/2017
Mures County Court
of Law
Insolvency
Romgaz: creditor
SC InstaService SRL:
debtor
275,535.60
Insolvency proceeding.
Labour-related
litigation
Negrea Alexandru
Stelian - plaintiff
Romgaz STTM -
defendant
30,000 The plaintiff filed a civil action to compel Romgaz STTM to the payment
of RON 30,000 as civil damages for the moral prejudice and to relating
legal interest from the date of filing the action until the actual payment
thereof.
Ruling: 1504/18.12, 2018 – Dismisses due to lack of grounds the
action filed by the plaintiff against the defendant. Right to file an appeal
within 10 days from the communication
16
Next
procedural
deadline
stay of
proceedings
resulting
from the
debtor’s
insolvency
stay of
proceedings
resulting
from the
debtor’s
insolvency
stay of
proceedings
resulting
from the
debtor’s
insolvency
stay of
proceedings
resulting
from the
debtor’s
insolvency
March 27,
2019
Ruling not
communicat
ed
Next
procedural
deadline
January 31,
2019
January 23,
2019
Preliminary
Criminal
Ruling no.
119/28.11.2
018 for
dismissal of
challenges
Case
Plaintiff
Defendant
Amount
(RON)
Description
insolvency
Romgaz- Suc. Tg
Mures-creditor
SC Best
InstalGas&Water SRL
- debtor
317,66 The initial receivables amounted RON 1,214,940.44. Subsequently, the
debtor performed also the outstanding works in the contract and the
late payment penalties were recovered from the contract performance
guarantee. The remaining difference is RON 317.66.
Claims-damages
Durla Sabina -
plaintiff
Romgaz-Suc. Tg.
Mures - defendant
Not specified Compensation for loss of land usage during 2015-2016 to be set by
judicial expertise. No expertise reports were filed.
No.
75
File No./ Court of
Law
696/1371/2016 – Tg.
Mures Commercial
Court of Law
76
5978/317/2016
Tg. Carbunesti
Court of Law
77 Criminal Case file
3212/257/2017 –
Medias Court of Law
Medias Court of
Law Prosecutor’s
Office – Romgaz
SIRCOSS – injured
party
Embezzlement –
continuing form and
accessory to
embezzlement –
continuing form (Art.
295 par. 1 Criminal
Code with the
application of Art. 35
par. 1 Criminal Code
art. 48 par. 1 Criminal
Code in relation to
art. 295 par. 1
Criminal Code
Defendants (14)
Dan Ioan, Podar
Nicolae, Popa
Nicolae, Serban
Vasile Florin,
Moldovan Sorin,
Manciu Ioan,
Dragomir Vicentiu
Catalin, Chis Ciprian ,
Gyorke Aladar,
Morariu Ovidiu Pavel,
Biro Mihai, Nicola
Lucian, Marinescu
Alexandru Mircea,
Moldovan Claudiu
Liviu
Romgaz-SIRCOSS –
respondent
The criminal prosecution represented the scope of case file no.
1278/P/2015 filed with Medias Court of Law Prosecutor’s Office –
embezzlement.
The case was pending before the preliminary chamber. On October 27,
2017 the commencement of trial was ordered.
The defendants challenged the trial commencement order and the
case was sent to Sibiu County Court of Law for the settlement of
challenges.
On June 15, 2018 the case file was postponed to September 12, 2018
at 11:00 o’clock for the communication of indictment.
A postponement for the communication of indictment was granted.
the defendants against
filed by
Dismisses
Preliminary Criminal Ruling
preliminary
the
of
392/CC/27.10.2017. The order for the commencement of trial is kept.
the
chamber
the challenges
78
2827/85/2018 Sibiu
County Court of Law
Labour-related
conflict
Kiss Mihaly
Claimant in review
proceedings
79
2826/85/2018 Sibiu
County Court of Law
Labour-related
conflict
Gartner Wilhem
Claimant in review
proceedings
Romgaz-SIRCOSS –
respondent
17
The claimant filed an action against the sanction decision.
The case is pending before Sibiu County Court of Law, term set for
February 7, 2019.
February 7,
2019
The claimant filed an action against the sanction decision.
The case is pending before Sibiu County Court of Law, term set for
February 7, 2019.
February 7,
2019
Equivalent
value of 5% of
the monthly
wage over a 3
months term
Equivalent
value of 5% of
the monthly
wage over a 3
months term
No.
80
File No./ Court of
Law
1319/85/2018 Sibiu
County Court of Law
Patrimonial liability
Romgaz-SIRCOSS
– plaintiff
Bordi Adrian -
defendant
Case
Plaintiff
Defendant
Amount
(RON)
Description
81
1318/85/2018
Sibiu County Court
of Law
Patrimonial liability
Romgaz-SIRCOSS
– plaintiff
Lorincz Levente -
defendant
82
25551/28/2017
Ploiesti Court of Law
Complaint of violation Romgaz SIRCOSS
– claimant in review
proceeding
Serviciul Public de
Finante Locale -
respondent
According to the summons, the plaintiff requests the court to compel
the defendant to the payment of RON 2,869 representing the damages
caused to the plaintiff, and of the relating interest until the actual
payment date, and of the court fees.
Summons dismissed.
Appeal was filed against Sibiu County Court Ruling. Case is pending
before Alba-Iulia Court of Appeal.
10,170 Claims: recovery of prejudice caused by an embezzlement action
carried out the defendant, for which he was trialled and relation to
which he concluded and admission of guilt agreement.
Summons dismissed.
Appeal was filed which is pending before Alba-Iulia Court of Appeal.
report
finding
1,116 As a result of the control of the Public Finance Office in Ploiesti, it
drafted a
in connection with offence no.
70364/16.11.2017 whereby SIRCOSS was fined with RON 1,116 for
irregularities in connection with the fee relating to advertising posting.
Further to the Fiscal Inspection Report no. 127967/16.11.2017 is was
found that Public Finance Office in Ploiesti must pay to SIRCOSS RON
49,379.
On June 29, 2018 the ruling was postponed to July 6, 2018.
Subsequent postponement.
First instance court dismissed. Appeal filed. Appeal is pending before
Prahova County Court of Law.
83
928/85/2016
Sibiu County Court
of Law
Labor related
litigation
Challenge of
dismissal decision
Dan Ioan - claimant
in review
proceeding
Romgaz – SIRCOSS
- Respondent
On the hearing of September 05, 2016, the Court ordered the stay of
proceedings until the final settlement of the file, the ruling of which shall
be decisive in the settlement of this case.
84
927/85/2016 Sibiu
County Court of Law
Labor related
litigation
Challenge of
dismissal decision
Podar Nicolae -
claimant in review
proceeding
Romgaz – SIRCOSS
- Respondent
On the hearing of October 13, 2016, the Court ordered the stay of
proceedings until the final settlement of the file, the ruling of which shall
be decisive in the settlement of this case.
18
Next
procedural
deadline
February
19, 2019
Term not
established
January 16,
2019
Stay of
proceedings
until the
settlement
of the
criminal
case file in
relation to
the claimant
Stay of
proceedings
until the
settlement
of the
criminal
No.
File No./ Court of
Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
85
944/85/2016 County
Court of Sibiu
Labor related
litigation
Challenge of
dismissal decision
Lorincz Levente -
claimant in review
proceeding
Romgaz – SIRCOSS
- Respondent
86
3421/85/2017
Sibiu County Court
of Law
Labor related
litigation
Recovery of undue
amounts
ROMGAZ-
SIRCOSS –
plaintiff
Deac Horatiu Teodor
(former employee) -
defendant
87
10073/63/2015*
Dolj County Court of
Law
Claims
Paunescu Dan S.A.
- plaintiff
Transgaz, Romgaz
Ploiesti - defendant
19
On the hearing of September 6, 2016, the Court ordered the stay of
proceedings until the final settlement of the file, the ruling of which shall
be decisive in the settlement of this case.
On March 29, 2018 the case was reinstated, the court invoking by
office the exception of obsolesce.
On April 17, 2018 allowed the exception. Finds that the challenge filed
by the claimant is obsolete. Right to file an appeal within 5 days from
the communication of the ruling. Ruling no. 266/2018
Recovery of undue amount. Status of litigation: filed in June 06, 2017.
Settled on November 16, 2017 by allowing the action and compelling
Mr. Deac Horatiu to pay the amount of 2,746 RON. Ruling under
appeal.
Ruling is final due to lack of appeal. Compulsory enforcement of
debtor. Compulsory enforcement proceedings were initiated. The
request filed by BJ Demeter Tiberiu Claudiu as petitioner upon request
of SIRCOSS was allowed. Value of receivables: RON 2,746
representing undue amounts paid as salary entitlements. The approval
also comprises the amounts included in the enforcement documents
issued by the Judicial Executor. Authorizes the creditor to enforce the
obligations provided in the enforcement document in compliance with
the law. Appeal not allowed. Evaluated in the advisory chamber and
ruled
in public meeting on April 24, 2018. Ruling 2572/2018.
Enforcement in progress.
EUR60,000 Compensation payment
the
loss of
undercrossing by the ND 300 Clapeta-SDE pipeline. The plaintiff’s
action was dismissed. The plaintiff filed for appeal.
land usage due
for
to
Next
procedural
deadline
case file in
relation to
the claimant
Finalized
Compulsory
Enforcemen
t
February
21, 2019
No.
88
File No./ Court of
Law
31572/215/2015
Craiova Court of
Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
Claims
Dica Viorel -
plaintiff
Romgaz Ploiesti -
defendant
16,500 Compensation payment for loss of easement right due to the Ghercesti
Cluster 7. A topographic and agricultural expertise was ordered. Action
dismissed. Compels the plaintiff to the payment of court fees in amount
of RON 11,995. Ruling 2744/14.03.2018.
The plaintiff filed for appeal on June 28, 2018.
On January 9, 2019 one of the members of the panel accepted
retraction because he/she ruled in another case file between Romgaz
and Dica Viorel. The case will be settled by another panel.
673 Labor related litigation to recover the amount of 673 RON; equivalent
value of undue days of leave. Action allowed
Next
procedural
deadline
Term not
established
Enforcement
request filed
89
900/105/2016
Prahova
Claims
Romgaz Ploiesti -
plaintiff
Filip Gheorghe -
defendant
90
91
11305/215/2017-
Craiova Court of
Law
Establishment of
easement
right+claims
Irimescu Simona-
plaintiff
Romgaz Suc. Ploiesti-
defendant
6,000 The plaintiff requests a right of access to the land where well 211
Ghercesti is located. She also claims that she cannot construct on this
privately-owned land because of existing pipelines.
January 21,
2019
Insolvency
53/1285/2017-
Cluj County
Specialized Court of
Law
Romgaz – Suc
Ploiesti - creditor
SC Energon
Power&Gas SRL -
debtor
318,135.78 Request for admission of RON 318,135.78 debt. The request filed by
the interim official receiver Societate Redresare Lichidare SPRL was
allowed and the simplified insolvency of SCE.P. &G. SRL as well as its
winding up was ordered.
January 15,
2019
92
28104/281/2016-
Ploiesti Court of Law
Specific performance,
damages
Fundatia Semper
Fidelis Domus
Bucuresti - plaintiff
Romgaz – Suc.
Ploiesti - defendant
2,000/annum/pa
st 3 years
Request to deviate the gathering pipeline PN 150 Butimanu-Bilciuresti
and to demolish constructions erected without construction permit.
February
01, 2019
93
3246/317/2017 Tg.
Cărbunești Court of
Law
Complaint of violation
SNGN ROMGAZ
SA – Suc. Tg.
Mures – petitioner
I.T.M. Gorj -
respondent
3, 500
Complaint of violation against the Finding Report. Dismisses the
complaint. Ruling fought by appeal. On September 11, 2018 the stay
of proceedings was ordered until the final settlement of case file
228/95/2018.
January 15,
2019
20
No.
94
File No./ Court of
Law
4199/85/2017 Sibiu
County Court of Law
Case
Claims
Plaintiff
Defendant
Amount
(RON)
Description
SC Develtor SRL -
plaintiff
SNGN Romgaz SA –
defendant
2,920,371.34
plus VAT
Next
procedural
deadline
Finalized
Not
established
SC Develtor SRL requests the court to compel SNGN Romgaz to pay
2,920,371.34 plus VAT representing the equivalent value of additional
works carried out by the plaintiff during phases II, III and IV and of
equipment used in addition when performing works at well Radeni 1
according to Works Contract no. 11197/29.02.2016. Expertise was
carried out. Term is established for expertise assessment and
supplementation. The plaintiff’s request is dismissed. Right to file an
appeal within 10 day from the communication. Final. Court fees were
recovered.
The plaintiff considered that he was not categorized in the occupational
category proper for the activity he made during the time he was an
employee of the company, namely category 1. The court dismisses his
request and compelled the defendant to issue a certification of the fact
that the plaintiff was categorized in the II-nd occupational category
while performing his labour contract with the company. Appeal was
filed on October 5, 2018 and the court will set a term.
Sponsorship contract no. 34667/2015 was terminated and the refund of
RON 10,000 was requested. Ruling 702/2018 dismissed Romgaz
request. Appeal was filed. On August 22, 2018 the request for appeal
was dismissed. Right to file a recourse within 30 days from the
communication.
95
1985/105/2018
Prahova County
Court of Law
Establishment of
occupational
category
Paduraru Ioan -
plaintiff
SNGN Romgaz SA -
Ploiesti -defendant
96
2279/327/2017
Tulcea Court of Law
claims
SNGN Romgaz SA
- plaintiff
Primaria Comunei
Crisan- defendant
10,000
97
98
4720/2/2017
Bucuresti Court of
Appeal
Cancellation of
decision
Romgaz – claimant
in review
proceedings
FGA - respondent
Romgaz filed a challenge against the FGC Decision no. 6126/2017
whereby it rejected the inclusion of 1,891 as insurance receivables.
Ruling 721/2018 the court of first instance dismissed Romgaz
challenge. Romgaz to file recourse.
13.10.2020
7034/303/2014
Bucharest County
Court of Law
Garnishment
validation - appeal
Romgaz creditor
SC Interagro SA –
debtor
SC Energy
Cogeneration; Bio
Fuel Energy,
Fish&Fish Prodcom
Inter-Sport Assets,
Cotidianul Curentul,
Inter Tourism
Management, Power
21
100,615,007.42
according to
Civil ruling
no.3279/2011 –
enforceable
According to Civil Ruling1492/2016, the courts of first instance allowed
the garnishment validation request filed by Romgaz against the
garnishee. Interagro and the garnishees filed an appeal. The Minute
dated November 2, 2016 ordered the stay of appeals on grounds of
non-compliance with all obligations established for the respondents.
Civil Ruling no. 3024/June 13, 2018, Bucharest County Court of Law
allowed the exception of obsolescence in connection with appeal
requests and found that the appeal requests are obsolete. Also, it
compelled the appellants to pay Romgaz RON 10,375.68 as appeal
related court fees. Interagro filed recourse. Romgaz formulated and
January 11,
2019
No.
File No./ Court of
Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
99
6838/303/2014
Bucharest County
Court of Law
Garnishment
validation - appeal
Romgaz creditor
Plant Fagaras,
Scorpions Construct,
Giurgiu
BiomassHet&Power,
Interagro Exploration -
garnishee
SC Interagro SA –
debtor
SC TM Power SA,
Asirom Leasing IFN,
Cotidianul Curentul,
IFN INT, Intercereal –
garnishee
100
34079/303/2015
Sector 6 Bucharest
Court of Law
Challenge on
enforcement
Interagro - petitioner Romgaz, Agricolferm
SRL, BEJ Cristian
Milos – respondent
101
36095/3/2015
Bucharest County
Court of Law
insolvency
Interagro - debtor
Romgaz – creditor
Creditors included
in the preliminary
table of receivables
102
8453/2/2016
Bucharest Court of
Appeal
Challenge of
administrative
document
Romgaz - claimant
ANAF Brasov -
respondent
22
filed a statement of defence in connection with the request for appeal.
100,615,007.42
according to
Civil ruling
no.3279/2011 –
enforceable
100,615,007.42
according to
Civil ruling
no.3279/2011 –
enforceable
According to Civil Ruling 8486/2015, the court of first instance allowed
the garnishment validation request filed by Romgaz against the
garnishee. Interagro and the garnishees filed an appeal. The Minutes
dated September 02, 2016 ordered the stay of proceedings due to the
fact that against the debtor insolvency proceedings were initiated
according to case file 36095/3/2015. The stay of proceedings is valid at
present.
Challenge on enforcement against the tendering minutes relating to the
construction located in Bucharest, sector 6, Apusului Str., no.50
belonging to the debtor included in the enforcement file no. 28/2014 of
BEJ Cristian Milos. The request is found obsolete. Right to file a
recourse. SC Interagro S.A. filed recourse on December 4, 2017.
Recourse is the scope of the case file no. 3059/1/2018
284,208,986.85 The receivable to be included in the body of creditors is of RON
284,208,986.85 and is included in the table of receivables. The
insolvency procedure is in observation phase. At the end of the fist
Creditors’ Assembly held on May 16, 2016, the Creditors’ Committee
was appointed and is formed by Pireus Bank, Romgaz, Banca
Transilvania, Intercereal and EON Energie.
CITR Ilfov subsidiary was confirmed as Official Receiver.
Following the settlement of challenges to the preliminary table, the final
table is to be drafted and to make a decision regarding the debtor’s
reorganization or performance of bankruptcy procedures.
2,980,868 The Court of Appeal dismissed the summons on inadmissibility
grounds because of the unlawful statute of limitations to establish fiscal
obligations and because of lack of grounds for the remaining part.
(Ruling 1836/May 19, 2017). Against this decision, a recourse was filed
on May 25, 2017. The memorandum containing grounds for recourse
was sent on November 13, 2017. Statements of defence were
received. Romgaz provided answers.
Next
procedural
deadline
Stay of
proceedings
March 19,
2019
February
18, 2019
November
27, 2019
Next
procedural
deadline
Stay of
proceedings
Finalized
January 8,
2018
No.
103
File No./ Court of
Law
4271/85/2017
Bucharest Court of
Appeal
Case
Plaintiff
Defendant
Amount
(RON)
Description
Tort liability
proceedings
Romgaz plaintiff
Piteiu Maria Iuliana,
Piteiu Vladimir –
defendants
282,630,330.49
(rough
estimation)
Tort liability proceedings initiated against the legal successors for
maintaining precautionary measures established
the criminal
prosecution file no. 146/D/P/2010 in relation to the property of the
deceased Marcel Adrian Piteiu
in
104
5480/85./1/2017
Sibiu County Court
of Law
counterclaim
Piteiu Maria Iuliana,
Piteiu Vladimir –
petitioners
Romgaz – civil party
282,630,330.49
(rough
estimation)
105
1692/1/2017/a1
High Court of
Cassation and
Justice
Directions hearings
Romgaz-civil party
282,630,330.49
(rough
estimation)
NICULAE IOAN
VIDEANU ADRIEAN -
MIREA MARIN -
ALESANDRU DAN-
VICTOR -
PALASCA VIOREL -
APAN IOANA -
KRAMER ALPAR -
TOTH FRANCISC -
STANCU LUCIAN
ADRIAN -
VEZA MARIUS
LEONTE -
IONASCU LUCIA -
SC INTERAGRO SA -
defendants
23
Counterclaim to lift precautionary measures (distrain upon property).
According to Minutes 12/May 19, 2018, Sibiu County Court of Law
dismissed the challenge based on request inadmissibility invoked by
Romgaz and DIICOT, the challenge on grounds of late submission of
complaint invoked by DIICOT and the challenge based on lack of
interest to enforce distrain upon property raised by the petitioner Piteiu
Maria Iuliana. The court dismisses the request to lift precautionary
measures compelling the petitioner to pay to Romgaz RON 2,500
representing court fees. Against the minutes, the petitioner filed appeal
and Romgaz incident appeal. Appeal dismissed by civil ruling 672/June
19, 2018.
- preliminary chamber: finds irregularities in connection with indictment
no. 146/D/P/2010 of May 31, 2017 issued by the Prosecutor’s Office of
the High Court for Cassation and Justice – Direction for the
Investigation of Criminal Offences relating to Organized Crime and
Terrorism, Central Structure, Fighting Organized Crime Section.
Sends the Minutes to the Prosecutor’s Office of the High Court for
Cassation and Justice – Direction for the Investigation of Criminal
Offences relating to Organized Crime and Terrorism, Central Structure,
Fighting Organized Crime Section so that the prosecutor can remedy
within 5 days from the date of communication the irregularities,
according to article 345, par. 3 Criminal Procedure Code and to
communicate whether it maintains the application for a summons of the
defendants or whether it requests the referral of case for further
investigation. Right to challenge once the ruling is communicated
according to article 346 Criminal Procedure Code. Ruling on January
22, 2018. By means of the divestiture order of June 07, 2018, the
preliminary chamber judge referred the case back to DIICOT.
Challenge was filed on June 11, 2018.
On December 3, 2018 Romgaz filed a motion of challenge. The
grounds for challenge were stated. They are to be included in the case
file either on the following term for trial (January 8, 2019) or before
(January 7, 2019).
No.
106
File No./ Court of
Law
3098/2518/2017
Ludus Court of Law
Complaint of violation Romgaz-SPEE
ANRE - defendant
Iernut - petitioner
Case
Plaintiff
Defendant
Amount
(RON)
Description
107
32542/3/2017
Bucharest County
Court of Law
claims
Romgaz - plaintiff
SC C-Gaz &Energy
Distributie SRL
Bucuresti –defendant
4,000 (half of
minimum range
of fine value)
Complaint of violation against Record of Findings 84958/2017, fine 50
000 art. 93 par (2) point 2, letter a) of Law 123/2012, for “non-
transmittal of data as requested namely correctly and completely”
On March 22, 2018, the complaint was allowed. The Record of
Findings was cancelled. Civil ruling no. 132/March 22, 2018. Appeal
filed by ANRE – record date June 4, 2018.
1,109,398.89 Romgaz requests that the defendant is compelled to:
-
-
in
taken, as outlined
Payment of RON 1,089,351.21 as unpaid price for gas
contracted and not
invoices
40401160/09.05.2017, no. 40401161/10.04.2017
Payment of RON 20,047.68 as legal interest for the debit
calculated until July 31, 2017 and further on the payment of
legal interest until the full restitution of the main debit.
Payment of legal expenses.
Term was granted for submission of evidence.
Allows Romgaz request. Dismisses the counterclaim filed by the
defendant. Ruling 2003/June 1, 2018. Appeal may be filed within 30
days from the communication of the ruling.
-
108
30568/325/2017
Timisoara Court of
Law
Claims
Romgaz-SIRCOSS
plaintiff
SC ETA
AUTOMATIZARI
INDUSTRIALE SRL
defendant
109
13745/63/2017 Dolj
County Court of Law
Reimbursement of
undue payment
Romgaz - plaintiff
SC Foraj Sonde SA
Craiova - defendant
74,524.7 To compel the defendant to the payment of RON 74,524.7 plus late
payment penalties, representing equivalent value of non-compliant
GPS.
Timisoara Court of Law declined its competence in favour of Timis
County Court of Law. Ruling 2980/March 15, 2018.
Timis County Court of Law dismisses the request. Partly allows the
counterclaim. Compels the plaintiff-counter defendant to the payment
of invoices issued during December 14, 2016 and May 31, 2017 and of
late payment penalties in relation thereof. The remainder of the
counterclaim is dismissed. The plaintiff is compelled to pay RON 4,000
court fees. Right to file an appeal within 10 days from the ruling
communication date. Request to be filed with Timis County Court of
Law. Ruled on June 06, 2018. Ruling 970/2018.
Action filed for the reimbursement of undue payments Declines
competency in favour of Sibiu Court of Law.
No right to recourse/appeal. Ruling 35/2018
Term established for judicial expertise in accounting.
10,972 (judicial
stamp duty)
24
Next
procedural
deadline
January 28,
2018
Ruling not
communicat
ed
Not
established
February
11, 2019
No.
110
File No./ Court of
Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
5362/317/2017
Tg Carbunesti Court
of Law
Action for recovery of
possession of real
property
Jianu Dumitru -
plaintiff
Romgaz Suc. Tg.
Mures - defendant
Action for recovery of possession of a 410 sq.m piece of land, building
of industrial construction, payment of 5,000 equivalent value of
production not made during 2015-2017+court fees.
Next
procedural
deadline
January 30,
2019
5,000
equivalent value
of production
not made during
2015-
2017+court
fees.
2,000
Settled by appeal. Ruling 1766/November 7, 2018 allowed the
respondent’s appeal. Changes the appealed ruling. Partly allows
the violation of complaint. Replaces the fine with warning.
Finalised
3,157,979
Criminal action for corruption charges
-
-
for
- annulment of selection process
the position Head of
Development Office organised by the defendant on October 19,
2017;
Annulment of Decision no. 429/30.10.2017 for the establishment of
the challenge review committee and of the challenge rejection
decision according to Letter 43611/14.12.2017;
- compelling the defendant to organise a new selection process in
compliance with the legislation in force and to pay court fees.
Labour-litigation settled by the court of first trial – Ruling no.
741/June 12, 2018 dismisses the civil action filed by the plaintiff.
Ruling was appealed within 10 days from the communication date.
Appeal was dismissed according to Decision no. 532/2018.
Settled by the court of first trial. This Record is the basis of the
complaint of violation representing case file no. 3246/317/2017
pending before TG. Carbunesti Court of Law. Ruling 834/25.05.2018
dismissed the action. Recourse was filed by the petitioner.
Not
established
Finalized
Not
established
111
4279/317/2017 -
Tg. Cărbunești Court
of Law
Complaint of violation
SNGN ROMGAZ
SA – Suc. Tg.
Mures – petitioner
Politia Hurezani-
respondent
112
4606/102/2017 –
Mures County Court
of Law
corruption
SNGN ROMGAZ
SA– injured party
113
4573/102/2017-
Mures County Court
of Law
Labour-related
litigation
Dîmbean Alexandru
Liviu - plaintiff
Banu Sergiu Victor,
Matei Gheorghe,
Avram Pantelimon -
defendants
SNGN Romgaz SA –
Suc.Tg. Mures -
defendantt
114
228/95/2018
Gorj County Court of
Law
Administrative action for
the annulment of
Record of Control
series GJ no.
00042452/22.06.2017.
SNGN ROMGAZ
SA – Suc. Tg.
Mures – petitioner
I.T.M. Gorj -
respondent
25
No.
115
File No./ Court of
Law
131/102/2018-Mures
County Court of Law
– Administrative and
Fiscal Section
Case
Plaintiff
Defendant
Amount
(RON)
Description
Public procurement
SNGN ROMGAZ
SA- SPEE Iernut -
plaintiff
SC Lex Guard
Security SRL-
defendant
5,784.19
Allows the request. Civil Ruling no. 414/13.04.2018. Final. Defendant
partially paid the receivables. Compulsory Enforcement file 2390/2018
established at B.E.J. VLAS MARIA CRISTINA. Amount
to be
recovered: 842.19.
Next
procedural
deadline
Compulsory
enforcement
116
2798/189/2018-
Barlad Court of Law
claims
SNGN ROMGAZ
SA- SPEE Iernut –
plaintiff
SC Colectiv Energy
SRL-defendant
SC Contrast Studio
SRL-defendant
1,606.50
The value of the receivables represent the value of the prejudice
caused to the contracting authority during the contract award
procedure.
January 31,
2019
117
856/257/2018
Medias Court of Law
complaint of violation
SNGN Romgaz SA
– petitioner
ANRE - respondent
200,000 lei
The annulment of Record of Findings no. 13603/20.02.2018 and refund
of fine. Complaint dismissed. Appeal files. Appeal dismissed. Payment
of RON 566.38 representing court fess.
Finalized
118
856/257/2018/a1
Medias Court of Law
Correction of clerical
error
ANRE - petitioner
SNGN Romgaz SA –
respondent
163.09
Correction of clerical error – court fees. Adjoined to case file
856/257/2018.
Finalized
119
1192/257/2018
Medias Court of Law
Complaint of violation
SNGN Romgaz SA
– petitioner
ANRE - respondent
25,000 lei
120
1464/86/2015-
Suceava County
Court of Law
Claims, specific
performance
Buliga Oana-plaintiff Raffles Energy SRL –
principal-defendant,
Romgaz SA-
defendant-intervener
following the motion
to intervene as party
defendant
Annulment of complaint of violation no.18.819/09.03.2018 and refund
of fine value. Romgaz motion dismissed by Ruling 1023/19.06.2018.
Not communicated. Appeal
to
supplement the ruling with court fees.
filed. Appeal dismissed. Motion
January 21,
2018
In the summons, the plaintiff requested that the defendants are
compelled to remove the pipeline located on her land or to pay
damages until the date of action. From the action date onwards the
defendants are required to pay damages in exchange for lack of land
use, to conclude a convention and to pay an annual indemnification
according to Law 123/2012. Romgaz filed a statement of defence.
Expertise was ordered. The term was postponed because there was
no expertise report.
January 22,
2019
26
No.
121
File No./ Court of
Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
1174/251/2018 –
LUDUS Court of
Law
Complaint of violation
PVCSC ANAR
0005500/09.05.2018
SNGN ROMGAZ
SA – petitioner
Apele Romane -
respondent
35,000
122
943/251/2018 –
LUDUS Court of
Law
Complaint of violation
PVCSC GNM
04270/17.04.2018
SNGN ROMGAZ
SA – petitioner
Garda Nationala de
mediu
100,000
123
922/251/2018 –
LUDUS Court of
Law
Complaint of violation
PVCSC ANAR
0005527/14.04.2018
SNGN ROMGAZ
SA – petitioner
Apele Romane -
respondent
40,000
124
2575/257/2018 –
MEDIAS Court of
Law
Complaint of violation
PVCSC ANRE
42946/06.06.2018
SNGN ROMGAZ
SA – petitioner
ANRE- respondent
0
125
1322/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
126
1323/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
Mihai Sandu-
defendant
8,107
Fine - accidental pollution at Iernut on 13.04.2018. Settlement:
because of lack of grounds, rejection of complaint against Report of
Findings series ANAR no. 0005500/09.05.2018. Right to appeal within
30 days from the communication date. Ruling 521/2018. Filed on
November 9, 2018 and registered with Mures County Court of Law.
Statement of defence.
Fine - accidental pollution at Iernut on 13.04.2018. Partially allows the
complaint. Partial annulment of the Report of Findings no. GNM no.
04270/17.04.2018 meaning the reduction of fine from RON 100.000 to
RON 50,000. Right to file an appeal within 30 days from the
communication. Civil Ruling 871/2018. Appeal filed on December 20,
2018.
Fine - not informing about the incident – accidental pollution at Iernut
13.04.2018. Dismisses complaint filed by the petitioner against the
Report of Findings series ANAR nr.0005527 of the respondent
ADMINISTRAŢIA NAŢIONALĂ „APELE ROMÂNE” ADMINISTRAŢIA
BAZINALĂ DE APĂ MUREŞ, Right to file an appeal within 30 days
from the communication. Civil Ruling 827/ 08.11.2018.
Warning – the submission of documentation for licence update is
overdue. Settlement: Decline the ruling of this case file. Allows the
motion to dismiss due to lack of territorial competence of Medias Court
of Law specified in the statement of defence. Declines in favour of
Bucuresti Sector 2 Court of Law. Final Ruling 1358/September 27,
2018.
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Next
procedural
deadline
March 5,
2019
Not
established
Not
established
Stay of
proceedings
Bati Ioan - defendant
4,967
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
27
Case
Plaintiff
Defendant
Amount
(RON)
Description
Bogdan Nicolae-
defendant
8,581
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Next
procedural
deadline
Stay of
proceedings
No.
127
File No./ Court of
Law
1324/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
128
1325/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
129
1326/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
130
1327/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
131
1328/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
132
1329/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
133
1330/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
Negrutiu Mircea
Rares- defendant
827
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Sandu Mircea
Valentin- defendant
10,631
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Alexe Calina-
defendant
12,191
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Voinea Elena-
defendant
347
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Grusea Veronica
Rodica - defendant
11,758
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Popa Elena-
defendant
6,956
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
28
Case
Plaintiff
Defendant
Amount
(RON)
Description
Opriscan Mihai Liviu-
defendant
1,124
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Next
procedural
deadline
Stay of
proceedings
No.
134
135
136
File No./ Court of
Law
1331/85/2018 –
SIBIU County Court
of Law
1332/85/2018 –
SIBIU County Court
of Law
1333/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
Patrimonial liability
Patrimonial liability
137
1338/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
138
1339/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
139
1340/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
140
1341/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
Tilicea Rares Ionut -
defendant
Negoescu Stefan
Cornel- defendant
12,798
9,824
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Stay of
proceedings
Moldovan Simion-
defendant
17,672
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Sabau Ioan Marius-
defendant
17,318
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Diac Ruben-
defendant
19,297
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Moldovan Mircea-
defendant
19,420
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
29
Case
Plaintiff
Defendant
Amount
(RON)
Description
Foidas Ion- defendant
18,864
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Next
procedural
deadline
Stay of
proceedings
No.
141
File No./ Court of
Law
1342/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
142
1343/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
143
1344/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
144
1345/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
145
1346/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
146
1347/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
147
1348/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
Nedelea Lucica -
defendant
17,811
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Kranics Ervin-
defendant
18,963
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Moga Ioan- defendant
16,473
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Popa Liviu Dan-
defendant
14,026
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Nenisanu Marius-
defendant
20,973
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Sardan Cornelia-
defendant
19,970
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
30
Case
Plaintiff
Defendant
Amount
(RON)
Description
Strava Catalin Horea -
defendant
18,749
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Next
procedural
deadline
Stay of
proceedings
No.
148
File No./ Court of
Law
1349/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
149
1350/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
150
1351/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
151
1352/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
152
1353/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
153
1354/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
154
1355/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
Oprisor Gheorghe-
defendant
24,560
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Ionescu Laurentiu
Lucian- defendant
25,227
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Burtumac Marin -
defendant
13,982
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Ilinca Dan Claudiu -
defendant
8,669
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Suciu Stelian-
defendant
11,050
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Rotar Angela Simona-
defendant
12,646
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
31
Case
Plaintiff
Defendant
Amount
(RON)
Description
Serban Dumitru-
defendant
12,742
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Next
procedural
deadline
Stay of
proceedings
No.
155
File No./ Court of
Law
1356/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
156
1362/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
157
1363/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
158
1364/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
159
1365/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
160
1366/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
161
1367/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
Mares Adrian
Alexandru - defendant
24,945
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Stefanescu Adina
Camelia- defendant
10,937
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Stoicovici Stefan-
defendant
12,512
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Bucur Olga-
defendant
12,782
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Kurtinecz Iosif -
defendant
24,578
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Chisalita Dumitru-
defendant
23,935
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
32
Case
Plaintiff
Defendant
Amount
(RON)
Description
Cismaru Marin -
defendant
30,939
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Next
procedural
deadline
Stay of
proceedings
No.
162
File No./ Court of
Law
1368/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
163
1369/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
164
1370/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
165
1371/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
166
1372/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
167
1373/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
168
1374/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
Kovacs Tibor-
defendant
21,834
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Stoicovici Ioan -
defendant
24,622
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Cristea Nicolae -
defendant
23,266
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Stoia Doia -
defendant
22,771
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Zainea Mioara -
defendant
22,498
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Preda Luminita Letitia
- defendant
23,355
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
33
Case
Plaintiff
Defendant
Amount
(RON)
Description
Jude Aristotel Marius
- defendant
25,591
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Next
procedural
deadline
Stay of
proceedings
No.
169
File No./ Court of
Law
1273/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
170
1274/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
171
1275/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
172
1276/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
173
1277/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
174
1279/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
175
1278/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
Ionascu Lucia -
defendant
46,118
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Moldovan Radu
Costica - defendant
26,725
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Dobrescu Dumitru -
defendant
45,981
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Lucaci Emil -
defendant
4,858
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Georgescu Cristian -
defendant
20,234
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Rotar Dumitru
Gheorghe - defendant
46,644
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
34
Case
Plaintiff
Defendant
Amount
(RON)
Description
Stefanescu Dan Paul
- defendant
44,588
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Next
procedural
deadline
Stay of
proceedings
No.
176
File No./ Court of
Law
1280/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
178
1281/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
178
1282/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
179
1283/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
180
1284/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
181
1285/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
182
1284/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
Pavlovschi Vlad -
defendant
1,811
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Birsan Mircea Lucian
- defendant
41,505
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Ciolpan Vasile-
defendant
39,665
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Radu Gheorghe -
defendant
30,134
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Bodogae Horea -
defendant
40,885
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Antal Francisc -
defendant
38,782
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
35
No.
183
File No./ Court of
Law
1287/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
Case
Plaintiff
Defendant
Amount
(RON)
Description
Morariu Dan Nicolae -
defendant
39,366
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Next
procedural
deadline
Stay of
proceedings
184
1288/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
Stancu Lucian -
defendant
44,691
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
185
1304/257/2018
MEDIAS Court of
Law
Complaint against
ANRE Report of
Findings
SNGN ROMGAZ
SA – petitioner
ANRE – respondent
50,000
On June 20, 2018 the court rejects the complaint of violation filed by
Romgaz. Ruling not communicated. Romgaz filed appeal. Appeal
dismissed.
Finalized
186
523/85/2018 –SIBIU
County Court of Law
establishment of
nullity
SNGN ROMGAZ
SA – plaintiff
SPRL Mocanu si
asociatii - defendants
504,916.61
Establishment of nullity of the legal assistance contract and the refund
of RON 504,916.61. Declined competence in favour of Bucharest
County Court of Law.
Stay of
proceedings
187
8525/180/2018
Bacau Court of Law
Claims
SAVIN MIHAI -
plaintiff
SNGN ROMGAZ SA
(SUC.MEDIAS)
defendant
15,000,000
188
1195/85/2018
Sibiu County Court
of Law
Administrative
proceedings
ROMGAZ
SNGN
SA
(SUC.MEDIAS)
plaintiff
Muncii
Inspectia
Bucuresti - defendant
BACAU
County
Court of
Law
January 18,
2019
the challenge of material
Damages for a piece of land of 26,000 sq.m. expropriated for the well 4
Batranesti. Sends the cause for arbitrary allocation to a civil section
panel. Final Ruling June 19, 2018.
Settlement of cause: allows
lack of
competence of Bacau Court of Law raised by the defendants in the
statement of defence. Declines the settlement competence in favour of
Bacau County Court of Law- 1st Civil Section. Without the right to
appeal. Ruling 5960/2018 17.10.2018
Not extending the approval to occupy 2nd degree work conditions for
Gas Compressor Stations. Registered on 28.06.2018
Settlement: Decline the settlement of the case file
Settlement in brief: allows the challenge of material lack of competence
of Sibiu County Court of Law specified in the statement of defence. As
a result, it declines its competence in settling the case file in favour of
Alba-Iulia Court of Appeal – Administrative and Fiscal Section. No right
to file appeal/recourse. Ruling: 670/2018 08.10.2018
36
File No./ Court of
Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
No.
189
4435/257/2018
Medias Court of Law
tort liability
ZIEGLER
FRIEDERICH
plaintiff
SNGN ROMGAZ SA-
SIRCOSS Medias -
defendant
10,000
190
2828/85/2018 Sibiu
County Court of Law
Labour-related
litigation
BARNA
GHEORGHE
challanger
-
SNGN ROMGAZ SA
–SIRCOSS Medias
respondent
191
6332/94/2018
–
Buftea Court of Law
litigiului:
Obiectul
-
pretenții – restituire
și
redevență
cheltuieli
de
judecată.
SNGN
ROMGAZ
SA – Suc. Tg.
Mures –plaintiff
Comuna
U.A.T.
Consiliul
Gruiu și
Local - Comuna Gruiu
-defendant
Equivalent
value of 5% of
the base salary
over a 3 month
period.
100,170.47 lei
192
858/251/2018 Luduș
Court of Law
eviction
SNGN
ROMGAZ
SA- SPEE Iernut -
plaintiff
Neacșa
defendant
Ioan
-
-
193 Dosar
nr.
5906/320/2018 Tg.
Mures Court of Law
declaratory action
Mariana-
Aldica
Camelia,
Lumperdean
Liliana,
Daniela,
Zaharia,
Eduard-Adrian,
Stancu Robert –
Farkas
Stancu
Stancu
-
SNGN ROMGAZ SA-
SPEE Iernut –parata
Electrocentrale
SC
Bucuresti
SA-
defendant
37
Next
procedural
deadline
January 28,
2019
February 7,
2019
Ruling not
communicat
ed
Not
established
Not
established
The defendant filed an action for tort liability to compel the defendant to
pay damages representing the equivalent value of repairs required to
remove degradation caused to the plaintiff’s house by the heavy load
traffic performed by the defendant in Axente Sever.
A statement of defence was filed.
Challenger filed and action against the sanctioning decision. The case
file is pending before Sibiu County Court of Law.
After concluding in 2014 a concession contract in relation to Lipia 1
well, the Local Council of Gruiu Commune terminated in the same
year the contract motivated by the fact that the land does not belong
to UAT, meaning that Gruiu Commune cannot be concession
provider. Due to the circuit of documents in the branch the relating
royalty was paid until 2017 without being due. The court of first
instance settled the case file, allowing the claim according to Ruling
no. 7396/20.12.2018. Compels the defendant to the payment of
RON 100,170.47 as refund of undue payment. Right to file an
appeal within 30 days from the communication of the ruling.
Action filed for the eviction of the defendant from the apartment located
in Iernut (Address M. Eminescu Str., Bl. 25, App. 23, Mureș County)
and to compel him to the payment of the equivalent value of the
unachieved gain due to lack of usage, in amount of RON 48 as rent
applied during the period of time prior to the contract termination,
starting with February 01, 2018 until the actual eviction from the
apartment and of court fees. The court allows the action. Ruling no.
803/01.11.2018. Right to file an appeal.
The court is requested to compel the defendants to authorise the
deletion of mortgage registered in favour of Electrocentrale Mures
Subsidiary in Real Estate Register no. 122172-C1-U9 Tagru-Mures.
The court allows the challenge of lack of passive capacity to stand trial
in relation to Romgaz raised by the latter. As such, the court dismisses
the civil action filed against the defendant. Partly allows the civil action
filed by the plaintiffs AMC, LL, FD, SZ, SEA and SR against the
receiver SQFB and
defendant and supervised by
legal
the
No.
File No./ Court of
Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
Next
procedural
deadline
plaintiff
consequently compels the defendant to delete the mortgage from the
Real Estate Register. It compels the defendant to pay to the plaintiffs
RON 1,728.68 as court fees. Civil ruling no. 445/12.10.2018. Right to
file an appeal.
194
1885/320/2018 Tg
Mures Court of Law
Tort liability
Deji-Nagylaki
Orsolya, Nagylaki
Ioan-plaintiffs
SNGN ROMGAZ SA-
defendant
100,000
The plaintiffs request the court to compel the defendant to the payment
of moral and material damages in amount of 100,000 as a result of the
death of Nagylaki Akos further to a work accident suffered at SPEE
Iernut.
January 15,
2019
195
934/85/2018- Sibiu
County Court of Law
Challenge
against
unilateral decision to
amend work contract
Marian
Cristian-plaintiff
Victor
SNGN Romgaz SA-
defendant
196
1424/85/2018
–
Sibiu County Court
of Law
Challange
sanctioning decision
against
Marian
Cristian - plaintiff
Victor
SNGN Romgaz S.A. -
defendant
197
1604/85/2018
–
Sibiu County Court
of Law
Challange
sanctioning decision
against
Marian
Cristian - plaintiff
Victor
SNGN Romgaz S.A. -
defendant
38
In the challenge, the plaintiff requested:
- the establishment of nullity of the unilateral decision to amend work
contract 3245/March 01, 2007 or of the addendum concluded for this
scope.
- secondary: the annulment of the unilateral decision to amend work
contract 3245/March 01, 2007 or the addendum concluded for this
scope
- to compel the defendant to the payment of the difference of unpaid
wage-related rights from March onwards
To compel the defendant to the payment of court fees.
Statement of defence was filed. On 05.11.2018, civil ruling 723/2018
dismissed the challenge filed by the plaintiff. Appeal not filed so far.
The plaintiff requested:
-
-
-
Establishment of nullity of disciplinary sanctioning decision
Secondary:
decision
To compel the defendant to the payment of court fees.
the annulment of
disciplinary sanctioning
Statement of defence was filed. On 25.10.2018, civil ruling 708/2018
allowed the challenge filed by the plaintiff. Appeal filed on 07.12.2018
by Romgaz.
The plaintiff requested:
-
The annulment of the selection procedure and of the relating
results. The selection procedure was organised by Romgaz
of the position of Head of HR Development Office.
Statement of defence was filed. On 21.11.2018, civil ruling 779/2018
dismissed the challenge filed by the plaintiff. Appeal not filed so far.
Not
established
Case
Plaintiff
Defendant
Amount
(RON)
Description
No.
198
File No./ Court of
Law
1322/85/2017– Sibiu
County Court of Law
Claims
BNI
Domonique
plaintiff
Hentea
–
DGRFP Brasov –
SNGN
plaintiff
Romgaz
–
impleader
S.A.
RON
408.000
additional VAT
+RON 348,612
and
interest
accessories
199
4887/2/2018
Bucharest Court of
Appeal
Administrative
proceedings
SNGN Romgaz SA
– plaintiff
ANRE – defendant
200
1596/85/2018 Sibiu
County Court of Law
monies due
Metea Virgil Marius
-plaintiff
SNGN Romgaz SA –
defendant
1,821,749 lei +
legal
plus
interest until the
actual date of
payment
201
2458/257/2018
Medias Court of Law
Complaint of violation
SNGN Romgaz SA
– petitioner
ANRE - respondent
7,500
202
2369/257/2018
Medias Court of Law
Complaint of violation
SNGN Romgaz SA
petitioner
ANRE - respondent
7,500
Next
procedural
deadline
January 28,
2019
January 22,
2019
21,
March
2019
Not
established
-compel to the payment of RON 408,000 representing additional VAT
and of RON 348,612 as interest and accessories.
-court of first trial
Romgaz filed a statement of defence. On January 7, 2019 the case
was postponed for filing an addendum to the expertise report.
Compliance obligation: to compel ANRE to respond to Romgaz
requirements in connection with making information available with
respect to how all domestic gas producers complied with ANRE Orders
24/2013 and 161/2014. The court rejected the stay of proceedings
motion filed by ANRE
In the summons, the plaintiff requested the court to compel Romgaz to
pay RON 1,821,749 (according the Contract of Mandate) +the legal
interest until the actual date of payment. Is amount is formed of RON
380,027 owed according to Board’s Resolution no. 23/2017 for the
modification of variable subcomponent II for 2015, RON 1,078,470
representing the second variable subcomponent for 2017, RON
363,252 representing the difference from fixed components not
updated according to INS, as specified in the Contract of Mandate for
the entire mandate term.
Romgaz filed a statement of defence.
Motion to dismiss for lack of functional competence was allowed. On
January 10, 2019, the court allowed documentary evidence.
On 13.09.2018 the court allows Romgaz complaint. Changes the fine
into a notice of warning and orders the refund of RON 7,500. Right to
file an appeal within 30 days from the communication of the ruling. The
respondent files appeal. The statement of defence was filed.
The annulment of the complaint of violation or the change of fine into
warning notice is requested. On October 3, 2018 the competence was
declined in factor of the Bucharest Sector 2 Court of Law.
203
2051/85/2018 Sibiu
County Court of Law
Presiding
order
judge’s
Micu
Radu-
Constantin - plaintiff
SNGN Romgaz SA –
defendant
GSM Resolution no.8/2018 is requested to be annulled. Request
dismissed with the right to file an appeal within 5 days from the ruling.
Appeal was filed.
January 29,
2019
39
No.
204
File No./ Court of
Law
Case
Plaintiff
Defendant
1974/85/2018 Sibiu
County Court of Law
Annulment of GSM
Resolution
Micu
Radu-
Constantin - plaintiff
SNGN Romgaz SA –
defendant
Amount
(RON)
Description
Annulment of GSM Resolution no.8/ 2018.
Next
procedural
deadline
February
13, 2019
205
29466/3/2018
Bucharest County
Court of Law
Challenge of ELCEN
final list of creditors
SNGN Romgaz SA
- challenger
ELCEN Bucuresti
respondent
-
Case file separated from 35304/3/2016 (subscription to the ELCEN
final list of creditors). Civil Ruling no. 6984/26.11.2018 dismissed the
challenge. Appeal was filed on 13.12.2018. Appeal case file is not
pending before a court.
Not
established
206
424/57/2018 - Alba
of
Court
Iulia
Appeal
Revision
Kovacs Ladislau –
claimant in revision
SNGN Romgaz SA –
respondent
279,230.93
207 3580/257/2018
al
Medias Court of Law
Appeal
enforcement
against
ROMGAZ
-
SIRCOSS
SNGN
SA
challenger
ANAF
– Directia
General a Marilor
Contribuabili
2,000
issued
for case
Revision of Ruling no. 737/03.07.2018
file
2496/102/2015 by Alba Iulia Court of Appeal, whereby the court
partly allowed Romgaz appeal (requested amount RON 318,881.96)
meaning that the defendant is compelled to pay RON 279,230.93
(formed of RON 223,613.5 + 53,667.58 VAT representing patrimonial
damages and RON 1,950 court fees). The debt is the scope of a
compulsory enforcement file no. 1656/2018.
On 10.10.2018 the motion for revision was dismissed. The claimant
in revision filed a recourse.
Appeal against enforcement of taxation decision no. 13819/7.8.2018.
Appeal against enforcement was allowed.
208
2041/85/2018 Sibiu
County Court of Law
Monies due
Metea Virgil Marius
- plaintiff
SNGN Romgaz SA –
defendant
81,267.96
209
258/2/2018
Alba-
Iulia Court of Appeal
Annulment of taxation
decision
F-AB
54/10.04.2017 emise
de DGRFP Braşov –
AJFP Alba
SNGN Romgaz SA
- plaintiff
DGRFP Braşov –
AJFP
-
defendant
Alba
40
The plaintiff requests the court to compel the defendant to pay RON
81,267.96 as damages for the unjust revocation of the Contract of
Mandate (member of the BoD). Romgaz filed a statement of defence.
On December 10, 2018 the competence was declined in favour of
panel “Litigation with professionals” of Sibiu County Court of Law. The
first term was not established.
Request to annul the documents issued by DGRFP Brasov – AJFP
Alba, namely the Fiscal Inspection Report no. F-AB 49/10.04.2017 and
Taxation decision F-AB 54/10.04.2017.
Civil Ruling 205 issued on 17.10.2018 dismissed the exception for lack
of passive capacity to stand trial of Directia Generala de Solutionare a
Contestatiilor din cadrul ANAF.
Dismissed the statute of limitation motion relating to fiscal findings for
Not
established
Not
established
No.
File No./ Court of
Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
2010. Allowed the motion filed by Romgaz against the defendants and
annulled the taxation decision no. F-AB 54/10.04.2017 issued by the
defendant Directia Generala Regionala a Finantelor Publice Brasov –
Administratia Judeteana a Finantelor Publice Alba and Decision no.
54/31.01.2018 issued by Agentia Nationala de Administrare Fiscala –
Directia Generala de Solutionare a Contestatiilor.
The Ruling is not final. Recourse may be filed within 15 days from the
communication.
Contractual liability of the defendants and payment in favour of
Romgaz of the amounts established in the Court of Accounts Report as
prejudice to be borne by Romgaz.
Next
procedural
deadline
Stay
of
proceedings
210
15852/3/2018
–
Bucharest County
Court of Law
Obiectul
contractual liability
litigiului:
SNGN Romgaz SA
-plaintiff
211
2095/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
212
2088/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
OMV PETROM SA,
AMROCO ENERGY
RAFFLES
SRL,
ENERGY
SRL,
STRATUM ENERGY
ROMANIA
-
defendant
LLC
Cornea Daniel -
defendant
7,838
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Sorescu Eugen -
defendant
21,222
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
213
1808/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
SNGN ROMGAZ
SA – plaintiff
creditor
Arcanu Dan -
defendant
214
1801/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
SNGN ROMGAZ
SA – plaintiff
creditor
Barbu Ionut -
defendant
3,204
3,289
41
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Case
Plaintiff
Defendant
Amount
(RON)
Description
Brandas Mircea -
defendant
11,175
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Next
procedural
deadline
Stay of
proceedings
No.
215
File No./ Court of
Law
1798/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
216
1811/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
217
1793/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
218
1812/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
219
1799/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
220
1809/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
221
1807/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
Butaru Claudia -
defendant
6,999
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Catanescu Florin -
defendant
9,184
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Chivu Tudor -
defendant
4,990
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Dragulin Nicolae -
defendant
10,784
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Dragulinescu Romeo
Adrian - defendant
9,833
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Enescu Cosmin -
defendant
7,882
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
42
Case
Plaintiff
Defendant
Amount
(RON)
Description
Farcas Florin -
defendant
2,688
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Next
procedural
deadline
Stay of
proceedings
No.
222
File No./ Court of
Law
1806/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
223
1800/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
224
1795/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
225
1888/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
226
1890/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
227
1887/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
228
1984/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
Filip Iulian George -
defendant
12,126
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Galusca Dinu -
defendant
9,801
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Girlicel Victor Cristian
- defendant
12,729
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Glica Andrei -
defendant
3,029
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Ionescu Viorica
Mariana - defendant
14,878
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Ionita Emil -
defendant
7,132
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
43
Case
Plaintiff
Defendant
Amount
(RON)
Description
Iordache Constantin -
defendant
3,891
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Next
procedural
deadline
Stay of
proceedings
No.
229
File No./ Court of
Law
1804/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
230
1889/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
231
1950/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
232
1813/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
233
1897/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
234
1892/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
235
1891/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
Jipa Bigdan Catalin -
defendant
14,304
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Leca Gheroghe
Adrian - defendant
7,838
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Manda Marin -
defendant
13,286
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Mihai Constantin -
defendant
3.676
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Mihalcea Alexandru -
defendant
7,862
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Moise Sanda
Madalina - defendant
11,782
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
44
Case
Plaintiff
Defendant
Amount
(RON)
Description
Muresan Alexandru -
defendant
3, 116
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Next
procedural
deadline
Stay of
proceedings
No.
236
File No./ Court of
Law
1893/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
237
1895/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
238
1896/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
239
1949/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
240
2086/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
241
2086/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
242
2081/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
Negru Petru -
defendant
4,212
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Palade Monica -
defendant
10,943
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Parvu Laurentiu -
defendant
12,211
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Paun Alexandru -
defendant
11,782
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Pellarini Marius -
defendant
13,679
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Popescu Dumitru -
defendant
15,505
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
45
Case
Plaintiff
Defendant
Amount
(RON)
Description
Popescu Ovidiu
Dumitru - defendant
16,064
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Next
procedural
deadline
Stay of
proceedings
No.
243
File No./ Court of
Law
2082/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
244
1796/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
245
1797/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
246
1802/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
247
2084/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
248
2083/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
249
1805/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
Radulescu Ioan -
defendant
12,117
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Rosca Constantin -
defendant
4,561
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Rosu Marin -
defendant
11,633
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Scarlatescu
Gheorghe - defendant
9,632
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Scarlatescu Virgil -
defendant
39,086
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Smarandache Ioana -
defendant
11,098
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
46
Case
Plaintiff
Defendant
Amount
(RON)
Description
Soptea Nicolae -
defendant
16,733
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Next
procedural
deadline
Stay of
proceedings
No.
250
File No./ Court of
Law
2087/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
251
1795/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
252
2096/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
253
1803/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
254
2085/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
255
1794/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
256
2093/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
SNGN ROMGAZ
SA – plaintiff
creditor
Stanciu Elena -
defendant
25,185
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Susnea Adrian -
defendant
11,066
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Vasile Constantin -
defendant
17,558
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Vecerdea Dan Adrian
- defendant
37,428
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Vizireanu Vasile -
defendant
16,628
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
Vrabioru Roxana -
defendant
6,797
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
Stay of
proceedings
47
No.
257
File No./ Court of
Law
1810/85/2018 –
SIBIU County Court
of Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
Patrimonial liability
SNGN ROMGAZ
SA – plaintiff
creditor
Zehan Ioan -
defendant
10,479
Recovery of regular overtime pay. Administrative proceedings. Upon
Romgaz request, the stay of proceedings was ordered until the final
settlement of case file no. 2375/85/2016.
258
10167/320/2018
–
Tg. Mureș Court of
Law
Claims
AGROCOM
-
S.C.
ALBERT S.R.L
plaintiff
S.N.G.N. „ROMGAZ"
S.A. MEDIAȘ
-
defendant
13,581.40
259
10010/320/2018
-
Tg. Mureș Court of
Law
Claims
S.N.G.N.
„ROMGAZ" S.A. -
Tg.Mureş Branch -
plaintiff
Ținteșan Viorica
defendant
-
7,500
The plaintiff claims damages in amount of RON 13,581.4 representing
the equivalent value of discing services supplied by SC C&KING SRL
according to agricultural services agreement no. 10/October 10, 2016.
While performing the services, the discing unit was damaged after
colliding against well-head Bozed 10.
After concluding in 2016 the rental agreement for a 2,500 sq.m of
for
land
intervention-workover at Sincai 13 well, in 2018 the Branch found
that one of the two co-owners of the land was not in fact an owner,
meaning that the defendant was not entitled to receiving the rental
payment.
in Pusta, Sincai Commune, Mures County
located
Next
procedural
deadline
Stay of
proceedings
February
12, 2019
February 7,
2019
260
4079/317/2018 Tg.
Cărbunești Court of
Law
Claims,
liability
contractual
S.N.G.N.
„ROMGAZ" S.A. -
Tg.Mureş Branch -
plaintiff
PRIMĂRIA
STEJARI -defendant
U.A.T.
1,814.26
Non-payment of RON 1,814.26 representing the equivalent value of
gas and late payment penalties supplied to the multifunctional youth
centre, according to the invoices filed in the case file.
Not
established
261
1098/102/2018
Mureș County Court
of Law
Claims
Cucu Ioana -plaintiff S.N.G.N. „ROMGAZ"
S.A.
- Sucursala
Tg.Mureş - defendant
Not
specified
upon filing the
action
262
4572/317/2018
5978/317/2016 Tg.
Cărbunești Court of
Law
Claims,
liability
contractual
263
10166/320/2018
Tg. Mures Court of
Law
Claims
S.N.G.N.
„ROMGAZ" S.A. -
Tg.Mureş Branch -
plaintiff
SC Astra Shuttle
Logistic
Services
SRL Pitesti
-plaintiff
PRIMĂRIA
U.A.T.
STEJARI -defendant
2,454.88
SNGN Romgaz SA
STTM Tg. Mures –
defendant
21,362.29
48
To compel the branch to conclude a land rental agreement starting with
2016 covering the entire period when land piece T45 A 623/3/1 was
used, and the payment of rental fee, claims and court fees. Damages
in relation to lack of usage due to the temporary occupation of a
2,580sq.m piece of land from the same parcel.
Non-payment of RON 2,454.88 representing the equivalent value of
gas, and late payment penalties, supplied to the medical unit,
according to the invoices filed in the case file.
representing
The summons requested to court to compel the defendant to pay RON
21,362.29
the
defendant according to invoice number AG no. 143/31.01.2018 and AG
nr. 144/31.01.2018, services invoiced based on subsequent contract
no. 151/April 24, 2017. Romgaz STTM filed a statement of defence.
transportation services supplied
to
08.01.2019
Not
established
Not
established
File No./ Court of
Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
No.
264
4435/257/2018
Medias Court of Law
Tort
proceedings
liability
10,000
Ziegler Friederich,
domiciled in Soala
village, no. 149,
Sever
Axente
commune,
Sibiu
County
Savin Mihai
SNGN Romgaz SA
STTM Tg. Mures and
SIRCOSS
Medias
and Axente Sever
Commune
represented by
mayor – defendants
SNGN Romgaz SA –
defendant
the
The summons requested the court to compel de defendants to jointly
pay RON 10,000 with relating legal interest representing the equivalent
value of alleged degradations and repairs made to the real estate
owned by the plaintiff located in Axente Sever, topographical number
5588, and land registry number 100463. Romgaz filed a statement of
defence.
Annulment of Government Decision and of Expropriation Decision
CSIKI
ADRIAN
ATILA –defendant
IOAN
FODOR
SNGN Romgaz SA –
Medias Branch
–
injured party
Burglary
Next
procedural
deadline
January 11,
2019
February 6,
2019
and
Administrative
fiscal proceedings -
anullment
of
adiministrative
document
Criminal proceeding
Aggravated theft
265
455/32/2018
Bacau Court
Appeal
of
266
2602/308/2018
Sighisoara Court of
Law
267
3903/308/2018
Sighisoara Court of
Law
TOPLICEAN
NECULAI plaintiff
Romgaz - defendant
Requests the court to compel us to the registration of the real-estate
Nades-canton sold to the employee according to sales contract no.
10773/1997
February 5,
2019
268
4435/257/2018
Medias Court of Law
civil
proceedings
liability
ZIEGLER
FRIEDERICH
plaintiff
SIRCOS si STTM -
defendants
-
20,000
STTM heavy load trucks drive to well Soala at high speed damaging
the house. The plaintiff requests RON 20,000 damages.
Statement of defence no. 20667/19.11.2018 was filed.
28.01.2019
269
6640/285/2018
Radauti Court of
Law
Administrative
and
fiscal proceedings -
annulment
of
complaint of violation
ROMGAZ
Suc.Medias
petitioner
prin
-
ANRE respondent
300,000 - fine
270
1532/1/2015 – High
Court of Cassation
and Justice
2303/1/2017 ICCJ -
appeal
Bribery offering
SNGN
SA - parte civila
ROMGAZ
Rudel Obreja s.a. -
defendant
410,000
49
Requests the annulment of the complaint of violation – complaint in
connection with Law 123/2012 complaint of violation no.
83648/.11.2018 – fine for lack of licences for operating pipelines
upstream of 6 objectives in the Comanesti-Todiresti area.
Not
established
In the case file, Romgaz became civil party for RON 410,000. The
request to become civil party was dismissed. Romgaz filed appeal.
Romgaz appeal dismissed. Ruling 93/05.06.2018
Recourse for criminal cassation is filed by the defendant Elena Udrea.
Not
established
No.
271
File No./ Court of
Law
2724/85/2018 –
SIBIU County Court
of Law
Case
Plaintiff
Defendant
Patrimonial liability
SNGN ROMGAZ
SA – plaintiff
creditor
Bosca Gheroghe
Lucian - defendant
Amount
(RON)
Description
20,532
Recovery of regular overtime pay.
272
2726/85/2018
–
SIBIU County Court
of Law
Patrimonial liability
SNGN
SA
–
creditor
ROMGAZ
plaintiff
Ispasian
Dinca
- defendant
Ioan
41,832
Recovery of regular overtime pay.
273
2720/85/2018 –
SIBIU County Court
of Law
Patrimonial liability
SNGN ROMGAZ
SA – plaintiff
creditor
Gliga Viorel-
defendant
6,693
Recovery of regular overtime pay.
274
–
2725/85/2018
SIBIU County Court
of Law
Patrimonial liability
275
–
2727/85/2018
SIBIU County Court
of Law
Patrimonial liability
276
2747/85/2018
–
SIBIU County Court
of Law
Patrimonial liability
277
2721/85/2018
–
SIBIU County Court
of Law
Patrimonial liability
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
ROMGAZ
plaintiff
Hegbeli Doina Virginia
- defendant
16,574
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Jampa
defendant
Ioan
-
12,932
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Ioan
Popa
defendant
-
14,980
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Popescu Andrei Iancu
- defendant
15,763
Recovery of regular overtime pay.
50
Next
procedural
deadline
Not
established
March
2019
5,
February
07, 2019
05,
March
2019
February 7,
2019
Not
established
Not
established
Case
Plaintiff
Defendant
Amount
(RON)
Description
No.
278
File No./ Court of
Law
2722/85/2018
–
SIBIU County Court
of Law
Patrimonial liability
279
2723/85/2018
–
SIBIU County Court
of Law
Patrimonial liability
280
2796/85/2018
–
SIBIU County Court
of Law
Patrimonial liability
281
–
2804/85/2018
SIBIU County Court
of Law
Patrimonial liability
282
–
2799/85/2018
SIBIU County Court
of Law
Patrimonial liability
283
2800/85/2018
–
SIBIU County Court
of Law
Patrimonial liability
284
2794/85/2018
–
SIBIU County Court
of Law
Patrimonial liability
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
–
SA
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
ROMGAZ
plaintiff
Prisca Aurelian Stefan
- defendant
20,233
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Stoica Lucian
defendant
-
35.763
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Cristea Cornel
defendant
-
11,322
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Antal Victor Tiberiu -
defendant
6,516
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Catana Elena Aurica
- defendant
9,947
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Catana Emil Gabriel
- defendant
14,702
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Costea Florin
defendant
-
16,071
Recovery of regular overtime pay.
51
Next
procedural
deadline
March
05,2019
Not
established
February
18, 2019
Not
established
February
21, 2019
February
21, 2019
Not
established
No.
285
File No./ Court of
Law
2795/85/2018
–
SIBIU County Court
of Law
Case
Plaintiff
Defendant
Patrimonial liability
ROMGAZ
plaintiff
Curca Costel
defendant
Amount
(RON)
Description
-
18,040
Recovery of regular overtime pay.
286
2766/85/2018
–
SIBIU County Court
of Law
Patrimonial liability
287
2764/85/2018
–
SIBIU County Court
of Law
Patrimonial liability
288
–
2805/85/2018
SIBIU County Court
of Law
Patrimonial liability
289
–
2765/85/2018
SIBIU County Court
of Law
Patrimonial liability
290
291
292
2768/85/2018
–
SIBIU County Court
of Law
–
2746/85/2018
SIBIU County Court
of Law
–
2763/85/2018
SIBIU County Court
of Law
Patrimonial liability
Patrimonial liability
Patrimonial liability
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
–
SA
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
ROMGAZ
plaintiff
Diac Rares Codrin -
defendant
19,071
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Foloba Mircea
defendant
-
9,358
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Gaiger Daniel
defendant
-
10,559
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Gyorke Andrei
defendant
-
10,893
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Kabai Karoly
defendant
-
14,293
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Melinescu Veronica
Angela - defendant
11,310
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Moise Codruta
defendant
-
9,506
Recovery of regular overtime pay.
52
Next
procedural
deadline
February
07, 2019
Not
established
February
18, 2019
February
18, 2019
February
18, 2019
February
18, 2019
Not
established
February
18, 2019
No.
293
294
295
296
297
298
299
300
301
302
File No./ Court of
Law
2762/85/2018
–
SIBIU County Court
of Law
–
2751/85/2018
SIBIU County Court
of Law
2767/85/2018
–
SIBIU County Court
of Law
2979/85/2018
–
SIBIU County Court
of Law
2974/85/2018
–
SIBIU County Court
of Law
2977/85/2018
–
SIBIU County Court
of Law
2973/85/2018
–
SIBIU County Court
of Law
–
2944/85/2018
SIBIU County Court
of Law
–
2942/85/2018
SIBIU County Court
of Law
2940/85/2018
–
SIBIU County Court
of Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
–
SA
creditor
SNGN
–
SA
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
–
SA
creditor
ROMGAZ
plaintiff
Nicola
defendant
Adrian-
10,559
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Todoran Florin
defendant
-
3,002
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Totan Constantin -
defendant
15,810
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Cioban
Cristian
Augustin - defendant
34,303
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Ciocan Costel
defendant
-
8,481
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Cotoi Ioan Stefan -
defendant
3,194
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Dimbean Gheorghe -
defendant
33,126
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Frincu Ovidiu
defendant
-
13,253
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Grosu Adrian Doru -
defendant
18,456
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Hasegan Dorina
defendant
-
16,317
Recovery of regular overtime pay.
53
Next
procedural
deadline
February
18, 2019
Not
established
February
21, 2019
Not
established
Not
established
Not
established
Not
established
Not
established
February 7,
2019
February 7,
2019
Case
Plaintiff
Defendant
Amount
(RON)
Description
ROMGAZ
plaintiff
Huidan Alecu Sorin -
defendant
9,365
Recovery of regular overtime pay.
No.
303
304
305
306
307
308
309
310
311
312
313
File No./ Court of
Law
2941/85/2018
–
SIBIU County Court
of Law
–
2938/85/2018
SIBIU County Court
of Law
2923/85/2018
–
SIBIU County Court
of Law
2919/85/2018
–
SIBIU County Court
of Law
2920/85/2018
–
SIBIU County Court
of Law
2917/85/2018
–
SIBIU County Court
of Law
–
2918/85/2018
SIBIU County Court
of Law
–
2817/85/2018
SIBIU County Court
of Law
2823/85/2018
–
SIBIU County Court
of Law
2836/85/2018
–
SIBIU County Court
of Law
2881/85/2018
–
SIBIU County Court
of Law
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
–
SA
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
–
SA
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
16,954
Recovery of regular overtime pay.
-
10,131
Recovery of regular overtime pay.
Cristian
-
Ilinca
Alexandru
defendant
Katona Mihai
defendant
ROMGAZ
plaintiff
ROMGAZ
plaintiff
ROMGAZ
plaintiff
Lechintan
Gheorghe
defendant
8,858
Radu
-
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Lit Alexandru
defendant
ROMGAZ
plaintiff
Lupu Mircea
defendant
-
6,611
Recovery of regular overtime pay.
-
20,614
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Maior Lucian Miron -
defendant
9,146
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Muresan Stefania -
defendant
2,875
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Muntean Doina
defendant
ROMGAZ
plaintiff
Nasalean Ovidiu
defendant
ROMGAZ
plaintiff
Ogrean Oliviu
defendant
-
16,519
Recovery of regular overtime pay.
-
9,690
Recovery of regular overtime pay.
-
27,260
Recovery of regular overtime pay.
54
Next
procedural
deadline
Not
established
Not
established
Not
established
Not
established
Not
established
February 7,
2019
Not
established
Not
established
February
07, 2019
Not
established
February
07, 2019
No.
314
315
316
317
318
319
320
321
322
323
324
File No./ Court of
Law
2818/85/2018
–
SIBIU County Court
of Law
–
2822/85/2018
SIBIU County Court
of Law
2820/85/2018
–
SIBIU County Court
of Law
2921/85/2018
–
SIBIU County Court
of Law
2943/85/2018
–
SIBIU County Court
of Law
2945/85/2018
–
SIBIU County Court
of Law
–
2975/85/2018
SIBIU County Court
of Law
2915/85/2018
–
SIBIU County Court
of Law
2913/85/2018
–
SIBIU County Court
of Law
2916/85/2018
–
SIBIU County Court
of Law
–
2914/85/2018
SIBIU County Court
of Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
–
SA
creditor
SNGN
–
SA
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
–
SA
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
ROMGAZ
plaintiff
Pirlea
Sorana - defendant
Madalina
7,289
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Porutiu Adriana
defendant
ROMGAZ
plaintiff
Pszota Marcel
defendant
-
13,448
Recovery of regular overtime pay.
-
12,558
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Ratiu Dorel Liviu -
defendant
4,048
ROMGAZ
plaintiff
Rus Dumitru Traian -
defendant
6,570
Recovery of regular overtime pay.
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Scridon
defendant
Ioan
-
30,685
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Stefan
defendant
ioan
-
39,488
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Abramiuc Teodor -
defendant
20,491
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Andreica Viorel
defendant
ROMGAZ
plaintiff
Bacila Dorian
defendant
-
16,380
Recovery of regular overtime pay.
-
18,108
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Bacila Pavel Lucian -
defendant
12,558
Recovery of regular overtime pay.
55
Next
procedural
deadline
Not
established
Not
established
February
07, 2019
February
07, 2019
February
07, 2019
February
18, 2019
Not
established
Not
established
February
07, 2019
Not
established
Not
established
No.
325
326
327
328
329
330
331
332
333
334
335
File No./ Court of
Law
2858/85/2018
–
SIBIU County Court
of Law
–
2856/85/2018
SIBIU County Court
of Law
2880/85/2018
–
SIBIU County Court
of Law
2854/85/2018
–
SIBIU County Court
of Law
2878/85/2018
–
SIBIU County Court
of Law
–
2883/85/2018
SIBIU County Court
of Law
27936/85/2018
–
SIBIU County Court
of Law
2801/85/2018
–
SIBIU County Court
of Law
2798/85/2018
–
SIBIU County Court
of Law
–
2752/85/2018
SIBIU County Court
of Law
2737/85/2018
–
SIBIU County Court
of Law
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
–
SA
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
–
SA
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
–
SA
creditor
Case
Plaintiff
Defendant
Amount
(RON)
Description
-
3,610
Recovery of regular overtime pay.
-
5,095
Recovery of regular overtime pay.
-
3,539
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Ioan
Baciu
defendant
ROMGAZ
plaintiff
Bogorin Lucian
defendant
ROMGAZ
plaintiff
Calin Constantin
defendant
ROMGAZ
plaintiff
Campean Gheorghe
- defendant
6,108
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Chelaru Viorel
defendant
-
5,189
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Chiriac Ovidiu Daniel
- defendant
13, 204
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Cotop Cornel
defendant
ROMGAZ
plaintiff
Craciun Crucian
defendant
-
7,099
Recovery of regular overtime pay.
-
6,275
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Dangulea
Alin - defendant
Vichente
2,773
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Dascalescu Andrei -
defendant
3,274
Recovery of regular overtime pay.
ROMGAZ
plaintiff
David Gerard Marian
- defendant
3,156
Recovery of regular overtime pay.
56
Next
procedural
deadline
February
21, 2019
Not
established
Not
established
Not
established
Not
established
Not
established
Not
established
Not
established
Not
established
Not
established
February
21, 2019
Case
Plaintiff
Defendant
No.
336
337
338
339
340
341
342
343
344
345
346
File No./ Court of
Law
2738/85/2018
–
SIBIU County Court
of Law
–
2750/85/2018
SIBIU County Court
of Law
2748/85/2018
–
SIBIU County Court
of Law
2749/85/2018
–
SIBIU County Court
of Law
2745/85/2018
–
SIBIU County Court
of Law
–
2708/85/2018
SIBIU County Court
of Law
2978/85/2018
–
SIBIU County Court
of Law
2700/85/2018
–
SIBIU County Court
of Law
2839/85/2018
–
SIBIU County Court
of Law
2821/85/2018
–
SIBIU County Court
of Law
–
2912/85/2018
SIBIU County Court
of Law
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
–
SA
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
–
SA
creditor
SNGN
–
SA
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
ROMGAZ
plaintiff
DOP Nicolae
defendant
ROMGAZ
plaintiff
Farkas Karol
defendant
ROMGAZ
plaintiff
Florea Mircea
defendant
ROMGAZ
plaintiff
Gaban Rodica
defendant
Amount
(RON)
Description
-
14,815
Recovery of regular overtime pay.
-
3.529
Recovery of regular overtime pay.
-
15,852
Recovery of regular overtime pay.
-
7,948
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Gherman Nicolae -
defendant
12,950
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Ghizasan Cornel -
defendant
2,617
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Ionascu Titu
defendant
ROMGAZ
plaintiff
Ionescu Virgil
defendant
ROMGAZ
plaintiff
Mancas Mihai
defendant
ROMGAZ
plaintiff
Marcu Costel
defendant
ROMGAZ
plaintiff
Marcu Florin
defendant
-
12,220
Recovery of regular overtime pay.
-
4,112
Recovery of regular overtime pay.
-
17,036
Recovery of regular overtime pay.
-
6,061
Recovery of regular overtime pay.
-
7,859
Recovery of regular overtime pay.
57
Next
procedural
deadline
February
18, 2019
Not
established
February
18, 2019
Not
established
February 7,
2019
February
21, 2019
February 7,
2019
February 7,
2019
Not
established
February 7,
2019
March
2019
4,
Case
Plaintiff
Defendant
ROMGAZ
plaintiff
Marcu Petre
defendant
Amount
(RON)
Description
-
17,639
Recovery of regular overtime pay.
No.
347
348
349
350
351
352
353
354
355
356
357
File No./ Court of
Law
2877/85/2018
–
SIBIU County Court
of Law
2922/85/2018
–
SIBIU County Court
of Law
–
2789/85/2018
SIBIU County Court
of Law
2797/85/2018
–
SIBIU County Court
of Law
2802/85/2018
–
SIBIU County Court
of Law
2803/85/2018
–
SIBIU County Court
of Law
–
2792/85/2018
SIBIU County Court
of Law
2791/85/2018
–
SIBIU County Court
of Law
2788/85/2018
–
SIBIU County Court
of Law
2855/85/2018
–
SIBIU County Court
of Law
2852/85/2018
–
SIBIU County Court
of Law
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
–
SA
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
–
SA
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
ROMGAZ
plaintiff
Marginean Gheorghe
Florin - defendant
ROMGAZ
plaintiff
Marginean
Mihai - defendant
Ovidiu
16,154
Recovery of regular overtime pay.
12,980
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Marin
defendant
Mircea
ROMGAZ
plaintiff
Mate Levente
defendant
ROMGAZ
plaintiff
Ioan
Matei
defendant
ROMGAZ
plaintiff
Migea Vasile
defendant
-
12,867
Recovery of regular overtime pay.
-
2,809
Recovery of regular overtime pay.
-
5,557
Recovery of regular overtime pay.
-
6,557
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Moldovan Nicolae -
defendant
3,618
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Moldovan Vasile
defendant
-
4,051
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Oaida Marcel
defendant
ROMGAZ
plaintiff
Ioan
Onit
defendant
-
4,151
Recovery of regular overtime pay.
-
3,752
Recovery of regular overtime pay.
58
Next
procedural
deadline
Not
established
Not
established
Not
established
Not
established
February
21, 2019
February
02, 2019
Not
established
Not
established
Not
established
Not
established
Not
established
No.
358
359
360
361
362
363
364
365
366
367
368
File No./ Court of
Law
2882/85/2018
–
SIBIU County Court
of Law
–
2704/85/2018
SIBIU County Court
of Law
2706/85/2018
–
SIBIU County Court
of Law
2666/85/2018
–
SIBIU County Court
of Law
2707/85/2018
–
SIBIU County Court
of Law
2701/85/2018
–
SIBIU County Court
of Law
2672/85/2018
–
SIBIU County Court
of Law
–
2939/85/2018
SIBIU County Court
of Law
2703/85/2018
–
SIBIU County Court
of Law
2702/85/2018
–
SIBIU County Court
of Law
2753/85/2018
–
SIBIU County Court
of Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
–
SA
creditor
SNGN
–
SA
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
–
SA
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
ROMGAZ
plaintiff
Pacurariu Horia
defendant
-
20,916
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Pepene Laurentiu -
defendant
4,534
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Perjaru Victor
defendant
ROMGAZ
plaintiff
Vasile
Pop
defendant
ROMGAZ
plaintiff
Popa Simona
defendant
-
14,477
Recovery of regular overtime pay.
-
3,709
Recovery of regular overtime pay.
-
12,196
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Portik
Szabo
Domokos - defendant
6,096
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Posta
Ladislau
Adalbert - defendant
13,583
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Precup Ovidiu Emil -
defendant
3,705
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Roman Dumitrescu
Argentina - defendant
4,421
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Rusu
defendant
Vasile
ROMGAZ
plaintiff
Scumpu Maria
defendant
-
12,872
Recovery of regular overtime pay.
-
5,012
Recovery of regular overtime pay.
59
Next
procedural
deadline
February 7,
2019
Not
established
February
07, 2019
February
21, 2019
Not
established
February
21, 2019
Not
established
Not
established
Not
established
Not
established
February
07, 2019
No.
369
370
371
372
373
374
375
376
377
378
File No./ Court of
Law
2705/85/2018
–
SIBIU County Court
of Law
–
2838/85/2018
SIBIU County Court
of Law
–
2837/85/2018
SIBIU County Court
of Law
2835/85/2018
–
SIBIU County Court
of Law
2790/85/2018
–
SIBIU County Court
of Law
2787/85/2018
–
SIBIU County Court
of Law
2876/85/2018
–
SIBIU County Court
of Law
2873/85/2018
–
SIBIU County Court
of Law
–
2874/85/2018
SIBIU County Court
of Law
2853/85/2018
–
SIBIU County Court
of Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
–
SA
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
–
SA
creditor
ROMGAZ
plaintiff
Scurtu Constantin -
defendant
3,110
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Stancicu Sorin
defendant
-
17,238
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Stanciu
Gheorghe
defendant
Bogdan
-
ROMGAZ
plaintiff
Stanciu
Daniel - defendant
Eduard
21,106
Recovery of regular overtime pay.
17,346
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Stancu
Daniela - defendant
Sanda
20,683
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Sutoiu Florinel
defendant
ROMGAZ
plaintiff
Szabo Csaba
defendant
-
38,167
Recovery of regular overtime pay.
-
3,466
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Szekely Iosif Tihamer
- defendant
2,150
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Tabacar Nistor
defendant
ROMGAZ
plaintiff
Tataru Vasile
defendant
-
4,126
Recovery of regular overtime pay.
-
4,126
Recovery of regular overtime pay.
60
Next
procedural
deadline
Not
established
Not
established
Not
established
Not
established
Not
established
February
07, 2019
Not
established
February 7,
2019
Not
established
05,
March
2019
No.
379
380
381
382
383
384
385
File No./ Court of
Law
2879/85/2018
–
SIBIU County Court
of Law
–
2857/85/2018
SIBIU County Court
of Law
–
2872/85/2018
SIBIU County Court
of Law
2859/85/2018
–
SIBIU County Court
of Law
2875/85/2018
–
SIBIU County Court
of Law
2954/85/2018
–
SIBIU County Court
of Law
2778/85/2018
–
SIBIU County Court
of Law
Case
Plaintiff
Defendant
Amount
(RON)
Description
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
Patrimonial liability
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
SA
–
creditor
SNGN
–
SA
creditor
SNGN
SA
–
creditor
ROMGAZ
plaintiff
Trambitas
Dan - defendant
Grigore
5,256
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Tudoran Gheroghe
Cristian - defendant
14,177
Recovery of regular overtime pay.
ROMGAZ
plaintiff
Tuna Danil
defendant
ROMGAZ
plaintiff
Udvari
defendant
Iosif
ROMGAZ
plaintiff
Velicea Nicolae
defendant
-
3,396
Recovery of regular overtime pay.
-
2,878
Recovery of regular overtime pay.
-
4,548
Recovery of regular overtime pay.
Sindicatul
Liber
Romgaz Medias –
plaintiff
SNGN
SA
–
creditor
ROMGAZ
plaintiff
SNGN Romgaz S.A.
- defendant
Virgil Marius Metea -
defendant
461,380
Motion to suspend GSM Resolution no. 8/2018. Motion dismissed.
Right to file appeal within 5 days from the communication of the ruling.
Appeal was filed.
Undue payment of the variable allowance, the second subcomponent
for 2013-2016. The first trial date was not established. In the summons
Romgaz raised the challenge of joinder with case file no.1596/85/2018
Next
procedural
deadline
Not
established
Not
established
Not
established
Not
established
Not
established
Not
established
Not
established
61