PUBLIC JOINT-STOCK COMPANY "GAZPROM" will sell a share in the German network of gas pipelines

@DELFI
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XI Moscow International Energy Forum MIEF-2013
of Foto: Vladimir Astapkovich, RIA Novosti

the Russian concern" PUBLIC JOINT-STOCK COMPANY "GAZPROM" " reflected on sale of a share in the German network of Gascade gas pipelines — an asset which he created together with the German partner of BASF/Wintershall throughout the last two tens years.

As sources in the branch, the top management reported to information agency "Interfaks" PUBLIC JOINT-STOCK COMPANY "GAZPROM" already made the basic decision on sale. It is offered to 2017 to carry out the transaction. Thus sources in branch confirmed to information agency "Interfaks" existence of a large number of potential applicants for this asset.

" PUBLIC JOINT-STOCK COMPANY "GAZPROM" " in 2012-2015 carried out the transaction of an exchange of assets with BASF/Wintershall, having received from the German partner of a share in marketing partnership of Wingas, WIEH, WIEE, and also a share in the joint venture on astora gas storage.

It was decided not to turn on in the transaction in common constructed gas pipelines united in the Wingas Transport GmbH company (replaced the name with Gascade Gastransport GmbH). It was resisted by the Third power package EU on which the vertically integrated companies should not own networks. Even with shareholders — vertically integrated Gascade companies became completely independent. Up to that workers could pass from one company into another only after a pause in some months (sooling-on/sooling-off).

the Gas transmission Gascade network includes 2400 km of linear part of gas pipelines and 9 compressor stations with 29 GPA. Transportation volume — about 40 billion cubic meters

this decade in the European gas market passed many transactions on sale by the vertically integrated companies of network assets. Transformation of some national gas transmission players — Fluxys, Snam — in operators of the European scale turned out to be one consequence of this process. Other group of buyers is represented by financial infrastructure funds (which quite often act in partnership with transport operators). For example, the pool of investors led by Macquarie bought from E.ON AG a network of 12 thousand. km of the main gas pipelines in Germany Open Grid Europe, Thyssengas at RWE. The consortium Allianz/Snam bought 49% of Gas Connect Austria GmbH from OMV.

Analysis
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PJSC Gazprom
Main activity:Production and distribution of the electric power, gas and water
463
OMV AG
Main activity:Production of coke, oil products and nuclear materials
9
Gascade Gastransport GmbH
Main activity:Production and distribution of the electric power, gas and water
Snam S.p.A.
Organizations