REG - OMV Petrom S.A. - Transport contract with Transgaz for Black Sea gas

OMV Petrom SAAnnouncement

16/03/2023 14:30

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RNS Number : 2608T  OMV Petrom S.A.  16 March 2023

 

 

 

OMV Petrom S.A.

Investor News

16 March 2023

 

OMV Petrom and Transgaz sign a transport contract for the delivery of the
natural gas from the Black Sea to the National Transport System

 

►  The contract will run for a period of 17 years and stipulates capacity
booking and providing transport services of natural gas

►  The value of the contract is 1.4 billion lei (approx. EUR 276 million),
based on the transport tariffs applicable at the current date

 

OMV Petrom, the largest integrated energy company in Southeast Europe,
announces the signing of a contract for the natural gas delivery from the
Black Sea to the National Transport System (NTS), through the Tuzla entry/exit
NTS point.

The contract was concluded for the period September 2026 - September 2042.
Based on the transport tariffs applicable at the current date, the value of
the contract is estimated at EUR 276 million. The signing of the contract took
place after the successful completion of the incremental capacity booking
procedure for the Tuzla entry/exit NTS point.

 

Christina Verchere, OMV Petrom CEO: "Today we took an important step together
with our partners. We believe the Black Sea holds a significant potential for
natural gas and Neptun Deep is a strategic project for OMV Petrom and for
Romania. It is at the core of our Strategy 2030 and will play an essential
role for Romania's energy security. We are planning the final investment
decision for mid-2023, with the production to begin in 2027."

OMV Petrom became the operator of the Neptun Deep block in August 2022. At the
end of 2022, the company submitted the declaration of commerciality for the
field. Currently, the company is progressing with the tendering process,
permitting and other technical topics.

 

About OMV Petrom

OMV Petrom is the largest integrated energy company in South-Eastern Europe,
with an annual Group hydrocarbon production of approximately 43 million boe in
2022. The Group has a refining capacity of 4.5 million tons annually and
operates an 860 MW high-efficiency power plant. The Group is present on the
oil products retail market in Romania and neighboring countries through
approximately 780 filling stations under two brands - OMV and Petrom.

OMV Petrom is a company in which Romanian shareholders hold over 42% of the
shares (of which the Romanian state, through the Ministry of Energy, holds
20.7%, and 21.7% are owned by pension funds in Romania, to which are added
almost 500,000 individual investors and other Romanian entities). OMV
Aktiengesellschaft, one of the largest listed industrial companies in Austria,
holds a 51.2% stake in OMV Petrom, and the remaining 6.4% are held by other
foreign investors. Of the total shares of OMV Petrom, 28.1% represents the
free float on the Bucharest Stock Exchange and the London Stock.

OMV Petrom is the largest contributor to the state budget, with approximately
39 billion euro in taxes and dividends paid between 2005 and 2022. During the
same period, the company invested approximately 17 billion euro. In 2022, the
taxes paid by OMV Petrom ensured 7% of Romania's tax revenues.

Since 2007, OMV Petrom has included corporate responsibility principles into
its business strategy. Between 2007 and 2022, the company has allocated around
120 million euro to develop communities in Romania, focusing on environmental
protection, education, health, and local development.

On July 29th, 2020, OMV Petrom announced its support for the recommendations
issued by the Task Force on Climate-related Financial Disclosures (TCFD)
regarding risks and opportunities on climate change. OMV Petrom annually
reports on the progress made in implementing these recommendations.

 

Contact:

OMV Petrom Investor Relations

Tel: +40 372 161930, Fax: +40 372 868518

e-mail: investor.relations.petrom@petrom.com
(mailto:investor.relations.petrom@petrom.com)

 

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