Mission

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.

Vision

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.

Profile

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.

Value creation

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.

Organisational structure

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

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.

Our participations
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.

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Gate

Gate (Gas Access To Europe) terminal is located on the Maasvlakte in Rotterdam and is as yet the only import terminal for...

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Gate (Gas Access To Europe) terminal is located on the Maasvlakte in Rotterdam and is as yet the only import terminal for liquefied natural gas (LNG) in the Netherlands. The decline in European production means that additional gas will need to be imported. The Dutch gas transport network is connected to the global supplies of natural gas through Gate terminal, thus contributing to the diversification of the gas supply in Europe. At the terminal, LNG is stored, pressurised and regasified for distribution to the Dutch gas transport network. Gate allows quick access to the large nearby natural gas markets in north-western Europe. In addition, Gate is developing into a hub for LNG imports and exports, with a versatile offering of small-scale LNG services. This enables Gate customers to distribute LNG as a cleaner fuel for sea-going vessels, ferries, trucks and for industrial applications. Through Gate terminal CV, we have a 50% interest in the terminal.

Nord Stream

Nord Stream is a double natural gas pipeline through the Baltic Sea. It has provided the European pipeline network with an...

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Nord Stream is a double natural gas pipeline through the Baltic Sea. It has provided the European pipeline network with an extra connection to gas flows from Russia. With production in Europe continuing to decline, Nord Stream is important for ensuring sufficient gas supply capacity on the European market. We have a 9% interest in Nord Stream A.G.

BBL

BBL is a pipeline from Balgzand in the Netherlands to Bacton in the UK. The pipeline contributes to a stable supply of gas in...

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BBL is a pipeline from Balgzand in the Netherlands to Bacton in the UK. The pipeline contributes to a stable supply of gas in the United Kingdom, which to a large extent has become dependent on imported gas for its gas supply. We have a 60% interest in BBL Company Vof.

EnergyStock

This facility for underground gas storage compensates for short-term fluctuations in the supply and demand of natural gas. The...

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This facility for underground gas storage compensates for short-term fluctuations in the supply and demand of natural gas. The very high flexibility of this buffer (quick storage and dispatch) is important for balancing the portfolios of EnergyStock customers. In addition, the gas storage is used by traders who take advantage of price fluctuations in the energy market. We have a 100% interest in EnergyStock B.V.

Vertogas

Subsidiary Vertogas B.V. works by order of the Ministry of Economic Affairs and Climate as a certification authority for green...

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Subsidiary Vertogas B.V. works by order of the Ministry of Economic Affairs and Climate as a certification authority for green gas. It issues certificates that confirm the sustainable origin of green gas and prove the sustainability of the production method in a transparent way. We have a 100% interest in Vertogas.

Gasunie Engineering

Gasunie Engineering B.V. offers commercial services to other organisations with an underground transport system, such as...

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Gasunie Engineering B.V. offers commercial services to other organisations with an underground transport system, such as network companies, industries and public and semi-public organisations. These services are related to Gasunie’s core expertise in the design, construction and management of infrastructure. We have a 100% interest in Gasunie Engineering B.V.

Gasunie New Energy

Gasunie New Energy B.V. develops business opportunities in the field of sustainable energy. This includes renewable gas...

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Gasunie New Energy B.V. develops business opportunities in the field of sustainable energy. This includes renewable gas (gasification and fermentation technology), other energy carriers (such as heat and hydrogen) and the integration of energy systems. This is almost always done in close collaboration with other project partners. We have a 100% interest in Gasunie New Energy B.V.