Gasunie is a leading European gas infrastructure company. We serve the public interest, offer integrated transport and infrastructure services to our customers, and adhere to the highest safety and business standards. We focus on short-term and long-term value creation for our shareholder, other stakeholders and the environment.
We believe in a sustainable future with a balanced energy mix and a lasting role for diversified gas. We believe that we serve our customers best with innovative gas and related infrastructure solutions.
Our task is to ensure safe, reliable and affordable gas transport, which is of crucial importance to the economy and society. Through our infrastructure, services and geographical position, we are at the heart of the north-western European gas market.
Gasunie has two main activities: (1) providing regulated transport services through the gas transport network in the Netherlands and Germany and (2) providing other infrastructure services, both independently and in collaboration with other parties. Our infrastructure connects end users and suppliers of energy. It functions as an international hub for the supply and throughput of gas. For this purpose, we manage and develop gas infrastructure and gas trading platforms: gas transport networks, international transit pipelines, gas storage, LNG infrastructure and virtual gas trading platforms. This enables us to contribute to a liquid, competitive and reliable European gas market.
Through our network in the Netherlands and Germany, we transport nearly a quarter of the total gas consumption in the European Union.
We contribute to the transition to a sustainable energy supply in which gas, of various kinds and in combination with other sustainable sources of energy, ensures a stable and affordable energy system. We accelerate the transition towards a sustainable energy supply by developing sustainable technologies and infrastructure; we do this through new partnerships and business models. For example, we invest in projects relating to green gas, hydrogen and heating, and in infrastructure for the use of LNG for water and road transport.
We are a state-owned company and the Dutch State is our only shareholder. Our employees are spread over more than 30 locations in the Netherlands and northern Germany and with delegations in The Hague, Brussels and Moscow. Our headquarters are in Groningen (the Netherlands), and our main office in Germany is located in Hanover.
The gas chain
As a gas transport company, we play an important role in the gas value chain, which stretches from the extraction of natural gas to its user applications. This chain is formed by gas producers, suppliers, shippers (i.e. parties with a transport contract for natural gas transport), national and international network operators, gas transport companies (mainly regional), direct customers (i.e. industries and power stations directly connected to the national grid) and domestic households. Besides the Netherlands and Germany, we focus on the European market in a wider sense.
Within our chain we see growing demand for sustainable energy and, connected with this, a decrease in the demand for natural gas in the Netherlands. At the same time, we expect growing gas imports from various countries as a result of declining local production. We explain these developments in Trends & developments, Our strategy and Our risk profile. In order to find solutions to today’s energy issues, we collaborate with partners both within and outside the gas sector, such as knowledge institutes, infrastructure companies, government authorities and environmental organisations.
For each of the six forms of capital (financial, produced, intellectual, human, social & relational and natural), our value creation model shows how we use them to achieve our strategic objectives. It also visualises the values we create through our core activities.
Gasunie has two subsidiaries that manage the gas transport network: Gasunie Deutschland in Germany and Gasunie Transport Services (GTS) in the Netherlands.
The Participations business unit provides other infrastructure services, for instance, in relation to gas storage, transport using international pipelines (including sea pipelines) and an LNG terminal. This business unit takes over management of the new business focused on existing infrastructure and renewable energy solutions developed by the Corporate Business Development department.
Business model of the network operators in the Netherlands and Germany
The network operators in the Netherlands and Germany offer their services in a customer-focused and transparent manner. They sell the available capacity on regulated terms. Gas can be fed into the network at entry points, and customers can draw gas from the network at exit points. Customers enter into contracts to reserve capacity at specific network entry or exit points over a specific period (year, quarter, month or day). With regard to the transport of transit flows, our network competes with other networks in the same geographical area.
The rates that we charge our customers are regulated. They are determined once a year by the regulatory authorities, which review the method of regulation every 3 to 5 years. The regulator in the Netherlands is the Authority for Consumers & Markets (ACM), and in Germany it is Bundesnetzagentur (BNetzA).
The rates are calculated by dividing the permitted revenues for the year in question by the estimated capacity demand. If the actual demand (and thus the revenues generated) are different, the difference will be settled in later years. The revenues permitted by the regulator consist of a capital cost allowance for the invested capital, a reimbursement for the annual depreciation costs (calculated on the basis of the depreciation periods determined by the regulator and the value of the assets) and a reimbursement for the operating costs.
Participations business model
Participations provides infrastructure services such as gas storage, transport through international pipelines (including sea pipelines) and a terminal for the import of liquefied natural gas (LNG). It is responsible for the sale and delivery of these gas infrastructure services. Customers buy capacity, which entitles them to use the relevant infrastructure during a certain period. The rates for these services are mainly determined by the market of supply and demand. The business risks and return targets of this business unit’s activities are higher than those of our fully regulated activities.
Participations supports the proper functioning and liquidity of the energy market, and positions the Netherlands as a hub in the international gas flows. In this way, it contributes to the utilisation of our gas transport networks in the Netherlands and Germany.
Usually in cooperation with other parties, we participate in a number of companies that contribute to the security of gas supply in Europe. The most important of these are mentioned below.