Wingas

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Wingas GmbH
subsidiary
Founded 1993 (1993)
Founder Wintershall
Gazprom
Headquarters Kassel, Germany
Revenue €12.59 billion
Number of employees
550
Parent Gazprom
Website www.wingas.com

Wingas GmbH is a gas distribution company located in Kassel, Germany. It is a subsidiary of Gazprom, which held its shares through W&G Beteilligungs-GmbH & Co. KG.[1]

History[edit]

Wingas was established in 1993 by BASF subsidiary Wintershall and Gazprom. Since 25 October 2007, Wintershall owned 50% plus one share, while Gazprom's stock is 50% less one share.[2] In December 2013, Wintershall and Gazprom agreed an assets swap which made Wingas a wholly owned subsidiary of Gazprom.[3] BASF and Gazprom completed the swap of assets by 30 September 30 2015.[4][5]

Operations[edit]

Wingas operates in Germany, Belgium, Denmark, France, the United Kingdom, Austria, the Netherlands and the Czech Republic. In Germany, it has a 20% market share.[citation needed]

Wingas's subsidiary Astora GmbH & Co. KG operates the Western Europe largest natural gas storage facility in Rehden, North Germany, with a working gas volume of 4.4 billion cubic metres (160 billion cubic feet) and represents roughly a fifth of the entire storage capacity in Germany. Another large gas storage facility with capacity of 2.6 billion cubic metres (92 billion cubic feet) is the Haidach gas storage.[6] In 2004 Wingas purchased the Saltfleetby Gas Field in the United Kingdom, which is operated by Wingas Storage UK and is used for gas storage.[7][8]

Besides natural gas, Wingas leases the free transmission capacity in fiber-optic cables to commercial customers.[9]

References[edit]

  1. ^ Website W&G. Retrieved 2015-10-23.
  2. ^ "Duo tie up Yuzhno-Russkoye swap". Upstream Online. NHST Media Group. 2007-10-26. (subscription required). Retrieved 2007-12-23. 
  3. ^ Socor, Vladimir (17 January 2014). "Gazprom Takes Over Wintershall’s Core German Business". Eurasia Daily Monitor. 11 (10). Heritage Foundation. Retrieved 18 January 2014. 
  4. ^ BASF and Gazprom complete Asset Swap. Press BASF AG.com. Retrieved 2015-09-06.
  5. ^ Gazprom and wintershall close asset swap. Press Wingas.com. Retrieved 2015-10-23.
  6. ^ "Haidach gas storage facility opens in Austria". Reuters. 2007-05-24. Retrieved 2007-12-23. 
  7. ^ "Gazprom unit wins UK site". Upstream Online. NHST Media Group. 2006-08-31. (subscription required). Retrieved 2007-12-23. 
  8. ^ "Red tape ties up Saltfleetby plans". Upstream Online. NHST Media Group. 2007-07-14. (subscription required). Retrieved 2007-12-23. 
  9. ^ [1]. Website Wingas Fibre optic. Retrieved 2015-08-25.

External links[edit]