The decline in the national consumption of gas, which also affected Transgaz’s activity, was of some 20 percent in the first nine months of this year, but the rise in tariffs approved by the market regulator helped the company post an increase in profit, according to analysts.
The gas transporter’s total revenues also increased in the first nine months, by 6.88 percent, to RON 865.303 mln (€204.67 mln). Other positive factors were the increase in financial revenues due to revenues from interest rates, and the rise in revenues from international gas transit services, as a result of the depreciation of the leu against the euro and dollar in 2009.
“The drop in consumption was not of 30 percent, as announced, but of some 20 percent, because demand picked up in June-October, due to the protection provided by the state to large gas consumers,” Ioan Rusu, Deputy General Manager of Transgaz, told Business Standard.
