RWE Supply & Trading CZ

Czech gas company

RWE Supply & Trading CZ

Company type	Subsidiary
Industry	Oil and gas industry
Predecessor	Transgas, a.s.
Founded	2001 (2001)
Headquarters	Prague , Czech Republic
Key people	Dr. Wolfgang Peters (CEO)
Products	Natural gas
Revenue	US$5 billion (2006)
Operating income	2,642,000,000 Czech koruna (2020)
Net income	−209,000,000 Czech koruna (2020)
Total assets	36,569,178,000 Czech koruna (2020)
Number of employees	19 (2020)^[1]
Parent	RWE Gas International N.V. (100%)
Website	www.rwe.cz/o-rwe/rwe-supply-trading/

RWE Supply & Trading CZ is the largest natural gas trading company in the Czech Republic. It is owned by the German energy company RWE.

The group used to own pipelines from Lanžhot on Czech-Slovak border to Germany. Its market position deteriorated in 1997 when the competing Yamal-Europe pipeline was put into operation. Another threat was the Nord Stream 1 linking Russia and Germany via Baltic sea. Its past subsidiaries included RWE Gas Storage (owns and operates several underground storages located in the Czech Republic). In December 2021, RWE put the gas storage business up for sale.^[2]

References

^ Annual report of RWE Supply & Trading CZ, a.s., 2020, page 2
^ "RWE preparing to sell Czech gas storage unit, Handelsblatt says". Reuters. 2021-12-15. Retrieved 2022-06-17.