RWE Supply & Trading CZ
RWE Supply & Trading CZ is the largest natural gas trading company in the Czech Republic. It is owned by the German energy company RWE.
 | |
| Type | Subsidiary |
|---|---|
| Industry | Oil and gas industry |
| Predecessor | Transgas, a.s. |
| Founded | 2001 |
| Headquarters | , |
Key people | Dr. Wolfgang Peters (CEO) |
| Products | Natural gas |
| Revenue |  US$5 billion (2006) |
2,642,000,000 Czech koruna (2020)  | |
| −209,000,000 Czech koruna (2020) | |
| Total assets | 36,569,178,000 Czech koruna (2020) |
Number of employees | 19 (2020)[1] |
| Parent | RWE Gas International N.V. (100%) |
| Website | www |
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
References
- Annual report of RWE Supply & Trading CZ, a.s., 2020, page 2
- "RWE preparing to sell Czech gas storage unit, Handelsblatt says". Reuters. 2021-12-15. Retrieved 2022-06-17.
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