Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

EnBW Signs 10-Year Natural-Gas Contract With Foreign Supplier

EnBW Energie Baden-Wuerttemberg AG, Germany’s third-largest power supplier, signed a 10-year gas contract with an unindentifed foreign gas producer with a value of 600 million ($730 million) euros a year.

The contract, which covers about a third of EnBW’s gas requirements, will start in October, Germany’s third-largest utility said in a statement today.

“The long-term delivery contract with a big volume hedges EnBW against imponderables in gas supply,” EnBW Chief Executive Officer Hans-Peter Villis said in the statement. The deal “considerably” improves the company’s gas-supply situation, he said.

EON AG and RWE AG, Germany’s two biggest utilities, have lost hundreds of millions of euros on long-term gas contracts as the price they could charge customers slipped below the oil-price linked rates they were paying suppliers. While RWE is still negotiating new terms with OAO Gazprom, EON reached an agreement with Russia’s export monopoly on July 3.

EnBW’s contract reflects the increased importance of wholesale markets for the pricing of gas, according to the company’s statement.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.