Wingas

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]

Wingas GmbH
Typesubsidiary
Founded1993 (1993)
FounderWintershall
Gazprom
Headquarters
Kassel
,
Germany
Revenue€12.59 billion
Number of employees
550
ParentGazprom
Websitewww.wingas.com

History

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 September 30, 2015.[4][5]

Operations

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.

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
  1. Website W&G Retrieved 2015-10-23.
  2. "Duo tie up Yuzhno-Russkoye swap". Upstream Online. NHST Media Group. 2007-10-26. Retrieved 2007-12-23.
  3. Socor, Vladimir (17 January 2014). "Gazprom Takes Over Wintershall's Core German Business". Eurasia Daily Monitor. Vol. 11, no. 10. The 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. Retrieved 2007-12-23.
  8. "Red tape ties up Saltfleetby plans". Upstream Online. NHST Media Group. 2007-07-14. Retrieved 2007-12-23.
  9. Website Wingas Fibre optic. Retrieved 2015-08-25
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