RWE Supply & Trading CZ

RWE Supply & Trading CZ
Company typeSubsidiary
IndustryOil and gas industry
PredecessorTransgas, a.s.
Founded2001 (2001)
Headquarters
Prague
,
Czech Republic
Key people
Dr. Wolfgang Peters (CEO)
ProductsNatural gas
RevenueIncrease US$5 billion (2006)
2,642,000,000 Czech koruna (2020) Edit this on Wikidata
−209,000,000 Czech koruna (2020) Edit this on Wikidata
Total assets36,569,178,000 Czech koruna (2020) Edit this on Wikidata
Number of employees
19 (2020)[1]
ParentRWE Gas International N.V. (100%)
Websitewww.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.

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

  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.


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