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Romgaz S.A., headquartered in Romania, is a leading player in the natural gas liquids industry. Founded in 1909, the company has established itself as a cornerstone of Romania's energy sector, primarily operating in the extraction, production, and supply of natural gas and related products. With significant operations in key regions across Romania, Romgaz is renowned for its commitment to innovation and sustainability.
The company offers a range of core services, including natural gas extraction, underground gas storage, and electricity production, setting itself apart through its advanced technologies and efficient operational practices. Romgaz has achieved notable milestones, reinforcing its market position as one of the largest natural gas producers in Romania. With a focus on quality and reliability, Romgaz continues to play a vital role in meeting the energy needs of the region.
-12 vs industry average
Romgaz’s score of 5 is lower than 16% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Natural Gas Liquids is among the most carbon-intensive industries
The Natural Gas Liquids industry has reduced its overall emissions by 16% since 2018
Scope 3 accounts for ••• of total emissions.
Romgaz, headquartered in RO and operating in the Natural Gas Liquids industry, has disclosed carbon emissions data spanning several years. For 2021, the company reported Scope 1 emissions of approximately 406,980,780 kg CO2e and Scope 2 emissions of about 614,000 kg CO2e. In 2020, Romgaz's Scope 1 emissions were approximately 536,867,351 kg CO2e, with Scope 2 emissions at about 518,000 kg CO2e.
Earlier reporting indicates Scope 1 emissions of around 371,249,000 kg CO2e in 2019, alongside Scope 2 emissions of approximately 57,600,000,000 kg CO2e. In 2018, Scope 1 emissions were reported at approximately 678,278,000 kg CO2e, with Scope 2 emissions at about 47,200,000,000 kg CO2e. For 2017, Romgaz reported Scope 1 emissions of approximately 1,183,984,380 kg CO2e and Scope 3 emissions (waste generated in operations) of about 373,136 kg CO2e. Data for 2022 and 2023 indicates an intensity of greenhouse gas emissions of 188 and 206 tonnes per tonne of product respectively, with no absolute emissions figures disclosed for these years.
Romgaz has not disclosed specific reduction targets or commitments to initiatives such as the Science Based Targets initiative (SBTi) or the Climate Pledge. The company's sustainability reports highlight its commitment to decarbonisation strategies, but specific quantitative targets for emission reductions have not been provided in the available data.
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No climate goals have been disclosed for Romgaz yet.
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