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RWE Transgas

Company nameRWE Transgas
Company typeprivate
Industrynatural gas
Founded1971
HeadquartersPrague, Czech Republic
Key peopleMartin Herrmann, CEO
Productsnatural gas trading
Revenue12px US$ 5 billion (2006)
Employees8,000 (2006)

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This article refers to the natural gas company in the Czech Republic. For the Canadian Crown corporation, see SaskEnergy.RWE Transgas is the largest natural gas trading company in the Czech Republic. Its subsidiaries in the Czech Republic include Net4Gas (a transmission system operator), and RWE Gas Storage (a storage system operator). RWE Transgas is owned by the German energy company RWE.

The group owns pipelines from Lanžhot on Czech-Slovak border to Germany. Its market position deteriorated in 1997 when competing Yamal-Europe pipeline was put into operation. Another threat is the Nord Stream linking Russia and Germany via Baltic sea.




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