RWE Supply & Trading CZ

Last updated
RWE Supply & Trading CZ
TypeSubsidiary
Industry Oil and gas industry
PredecessorTransgas, a.s.
Founded2001 (2001)
Headquarters,
Key people
Dr. Wolfgang Peters (CEO)
Products Natural gas
RevenueIncrease2.svg US$5 billion (2006)
2,642,000,000 Czech koruna (2020)  OOjs UI icon edit-ltr-progressive.svg
−209,000,000 Czech koruna (2020)  OOjs UI icon edit-ltr-progressive.svg
Total assets 36,569,178,000 Czech koruna (2020)  OOjs UI icon edit-ltr-progressive.svg
Number of employees
19 (2020) [1]
Parent RWE Gas International N.V. (100%)
Website www.rwe.cz/o-rwe/rwe-supply-trading/

RWE Supply & Trading CZ is the largest natural gas trading company in the Czech Republic. It is owned by the German energy company RWE.

Contents

The group used to own pipelines from Lanžhot on Czech-Slovak border to Germany. Its market position deteriorated in 1997 when the competing Yamal-Europe pipeline was put into operation. Another threat was the Nord Stream 1 linking Russia and Germany via Baltic sea. Its past subsidiaries included RWE Gas Storage (owns and operates several underground storages located in the Czech Republic). In December 2021, RWE put the gas storage business up for sale. [2]

See also

Related Research Articles

<span class="mw-page-title-main">TC Energy</span> Canadian energy company

TC Energy Corporation is a major North American energy company, based in the TC Energy Tower building in Calgary, Alberta, Canada, that develops and operates energy infrastructure in Canada, the United States, and Mexico. The company operates three core businesses: Natural Gas Pipelines, Liquids Pipelines and Energy.

<span class="mw-page-title-main">Druzhba pipeline</span> Oil pipeline from Tatarstan, Russia

The Druzhba pipeline ; also has been referred to as the Friendship Pipeline and the Comecon Pipeline) is one of the world's longest oil pipelines and one of the largest oil pipeline networks in the world. It began operation in 1964 and remains in operation in 2023. It carries oil some 4,000 kilometres (2,500 mi) from the eastern part of European Russia to points in Ukraine, Belarus, Poland, Hungary, Slovakia, the Czech Republic, Austria and Germany. The network also branches out into numerous smaller pipelines to deliver its product throughout Eastern Europe and beyond.

<span class="mw-page-title-main">E.ON</span> Holding company

E.ON SE is a German multinational electric utility company based in Essen, Germany. It operates as one of the world's largest investor-owned electric utility service providers. The name originates from the Latin word aeon, derived from the Greek aion, which means age. The company is a component of the Euro Stoxx 50 stock market index, DAX stock index and a member of the Dow Jones Global Titans 50 index.

RWE AG is a German multinational energy company headquartered in Essen. It generates and trades electricity in the Asia-Pacific region, Europe and the United States. The company is the world's second-largest offshore wind power generation and Europe's third-largest company in renewable energy. In the 2020 Forbes Global 2000, the RWE Group was ranked as the 297th-largest public company in the world.

<span class="mw-page-title-main">Nabucco pipeline</span> Proposed natural gas pipeline from the Turkish-Bulgarian border to Austria

The Nabucco pipeline was a failed natural gas pipeline project from Erzurum, Turkey to Baumgarten an der March, Austria to diversify natural gas suppliers and delivery routes for Europe. The pipeline was to lessen European dependence on Russian energy. The project was backed by several European Union states and the United States and was seen as rival to the Gazprom-Eni South Stream pipeline project. The main supplier was to be Iraq with potential supplies from Azerbaijan, Turkmenistan, and Egypt.

<span class="mw-page-title-main">Npower (United Kingdom)</span> UK-based electricity generator and supplier of gas and electricity

Npower Limited is a British supplier of gas and electricity to businesses. It has been a subsidiary of E.ON UK since January 2019. The company was formerly known as Innogy plc and was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index.

Innogy SE was an energy company based in Essen, Germany. It is now merged and integrated into German energy company E.ON.

Essent N.V. is a Dutch energy company based in 's-Hertogenbosch, Netherlands. It is a subsidiary of E.ON. It is a public limited liability corporation. Essent is the largest energy company in the country. Belgium is their second home market. Essent provides customers with gas, electricity, heat and energy services. Essent has over 90 years of experience with generating, trading, transmitting and supplying electricity.

<span class="mw-page-title-main">OPAL pipeline</span> Gas pipeline in Germany

The OPAL (Ostsee-Pipeline-Anbindungsleitung) is a natural gas pipeline in Germany alongside the German eastern border. The OPAL pipeline is one of two projected pipelines connecting the Nord Stream 1 pipeline to the existing pipeline grid in Middle and Western Europe, the other one being the NEL pipeline.

<span class="mw-page-title-main">2007 Russia–Belarus energy dispute</span> Economic conflict between Russia and Belarus

The Russia–Belarus energy dispute began when Russian state-owned gas supplier Gazprom demanded an increase in gas prices paid by Belarus, a country which has been closely allied with Moscow and forms a loose union state with Russia. It escalated on 8 January 2007, when the Russian state-owned pipeline company Transneft stopped pumping oil into the Druzhba pipeline which runs through Belarus because Belarus was siphoning the oil off the pipe without mutual agreement. On 10 January, Transneft resumed oil exports through the pipeline after Belarus ended the tariff that sparked the shutdown, despite differing messages from the parties on the state of negotiations.

<span class="mw-page-title-main">BOTAŞ</span>

BOTAŞ Petroleum Pipeline Corporation (BOTAS) is the state-owned crude oil and natural gas pipelines and trading company in Turkey. The company was established in 1974 as a subsidiary of TPAO. Since 1995, BOTAS is a wholly state-owned company.

Moravské naftové doly (MND) is a Czech oil and gas producing company based in Hodonín, Czech Republic, producing 5,000 barrels (790 m3) of oil and 250,000 m3 of gas per day. With gas storage facilities of 180 million m3, MND is an important player on European gas market. MND has also a retail and trading unit. KKCG company is the sole shareholder.

Ruhrgas AG was the largest natural gas transportation and trading company based in Essen, Germany. The company was founded in 1926 and it finally ceased to exist on 2 May 2013 when it was merged into E.ON Global Commodities SE.

LNG Hrvatska d.o.o. is a company that operates a floating liquefied natural gas (LNG) regasification terminal in Omišalj on the island of Krk, Croatia. It commenced operations on 1 January 2021, with full capacity booked for the next three years.

<span class="mw-page-title-main">Gazela Pipeline</span> Czech natural gas pipeline

Gazela is a natural gas pipeline in the Czech Republic. It is operated by Net4Gas, a company owned by Allianz Capital Partners and OMERS Infrastructure. The project costs around €400 million.

<span class="mw-page-title-main">Great Yarmouth Power Station</span> Gas power station in Norfolk, England

Great Yarmouth Power Station is combined cycle gas turbine power station on South Denes Road in Great Yarmouth in Norfolk, England, with a maximum output of 420 MW electricity, opened in 2001. It is built on the site of an oil-fired power station, built in 1958 and closed and demolished in the 1990s. A coal-fired power station was built in Great Yarmouth in 1894 and operated until 1961. The station is operated by RWE.

<span class="mw-page-title-main">Securing Energy for Europe</span>

SEFE Securing Energy for Europe GmbH, a company registered in Berlin, Germany, is headquarters of a diversified conglomerate, comprises 40 entities operating in more than 20 countries in Europe, Asia and North America. Under the former name Gazprom Germania GmbH it was a 100% subsidiary of the world's largest natural gas company, Gazprom, from 1990 to 2022. Since 2022, Germany's federal energy regulator – the Bundesnetzagentur – has controlled the company as a temporary trustee. In June 2023, SEFE signed a 20-year contract for 2.25 million tonnes of LNG per year from a US company.

<span class="mw-page-title-main">Russia in the European energy sector</span>

Russia supplies a significant volume of fossil fuels to other European countries. In 2021, it was the largest exporter of oil and natural gas to the European Union, (90%) and 40% of gas consumed in the EU came from Russia.

<span class="mw-page-title-main">EPH (company)</span>

Energetický a průmyslový holding, a.s. (EPH) is a Czech Republic (Prague) based company currently investing mainly in the energy sector in Europe, founded in 2009. The group's business lines covers the complete value chain ranging from highly efficient cogeneration, power generation, and natural gas transmission, gas storage, gas and electricity distribution and supply. The majority owner is Czech entrepreneur and lawyer Daniel Křetínský (94%), who is ranked among the richest Czechs in the long term and according to Forbes he became a dollar billionaire in 2017. The remaining 6% is distributed among selected managers of EPH. EPH employs almost 25.000 people and comprises over 50 companies.

References

  1. Annual report of RWE Supply & Trading CZ, a.s., 2020, page 2
  2. "RWE preparing to sell Czech gas storage unit, Handelsblatt says". Reuters. 2021-12-15. Retrieved 2022-06-17.