Company Overview of N.V. Nederlandse Gasunie
N.V. Nederlandse Gasunie, through its subsidiaries, operates as a cross-border gas infrastructure company in Europe. The company engages in the development, management, and operation of gas transport systems in the Netherlands and the northern part of Germany. It transports natural gas and green gas to industrial and domestic gas markets. The company’s gas transport networks consist of approximately 15,000 kilometers of pipelines, various installations, and approximately 1,300 gas-receiving stations. Its gas network conveys approximately 100 billion cubic meters of natural gas a year. The company also provides other gas infrastructure-related services, such as gas and liquefied natural gas s...
Groningen, 9727 KC
Founded in 1963
Key Executives for N.V. Nederlandse Gasunie
Chairman of the Executive Board and Chief Executive Officer
Chief Financial Officer and Member of the Executive Board
Chief Executive Officer of GTS
Operations Director of Gasunie Technology & Assets Management and Managing Director of Zuidwending B V
Compensation as of Fiscal Year 2014.
N.V. Nederlandse Gasunie Key Developments
N.V. Nederlandse Gasunie Reports Earnings Results for 2014; Provides Earnings Guidance for 2015
Mar 20 15
N.V. Nederlandse Gasunie reported earnings results for 2014. The company saw a revenue increase to €1,651 million compared to €1,464 million in 2013. The net profit in 2014 amounted to €603 million compared to normalised €551 million in 2013. The increase in reported profit is largely due to the expiry of the pay-back obligation of the Gasunie Transport Services. New infrastructure projects and additional capacity sold by Gasunie participations NEL, BBL and EnergyStock have resulted in extra revenues. This largely offset the decline in revenues due to the efficiency discounts on the tariffs as determined by the regulators in the Netherlands and Germany.
For 2015, the company expects a decrease in operating profit from regular operating activities. Revenues will continue to fall due to further efficiency discounts. In the past few years, the effects of these discounts were offset by revenues from new assets. For 2015 and the following years, the company will shift its investments from expansion projects to replacement projects, which will make it increasingly difficult to offset the discounts.
Vopak and Gasunie Secure EUR 76 Million Financing for Gate Terminal
Oct 31 14
Vopak and Gasunie have signed a EUR 76 million (USD 95.8 million) financing agreement with the European Investment Bank (EIB) and another four banks. The money is intended for the expansion of the so-called liquefied natural gas (LNG) break bulk infrastructure and services on the terminal in the Maasvlakte port area. The new financing agreement is an addition to the EUR 750 million existing long-term debt financing programme for the terminal, dating back to 2008.
N.V. Nederlandse Gasunie Reports Earnings Results for the Six Months Ended June 30, 2014; Provides Earnings Guidance for 2014
Aug 1 14
N.V. Nederlandse Gasunie has reported that income attributable to shareholder for the six months ended June 30, 2014 was EUR 357 million, compared to EUR 213.8 million for the same period ended June 30, 2013. Gross income for the six months ended June 30, 2014 was EUR 875.9 million, compared to EUR 873.6 million for the same period ended June 30, 2013. Operating income for the six months ended June 30, 2014 was EUR 519.4 million, compared to EUR 358.6 million for the same period ended June 30, 2013. Income before taxation for the six months ended June 30, 2014 was EUR 477.6 million, compared to EUR 283.5 million for the same period ended June 30, 2013.
For 2014, the company expects income to be approximately EUR 1.6 billion.
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