The state enterprise ČEPS completed the purchase and takeover of NET4GAS Holdings, which operates an extensive system of gas pipelines and transfer stations in the Czech Republic. The business was confirmed by the domestic and European regulatory authorities, today both parties signed the transfer documents. ČTK was informed about this by ČEPS. They will pay a maximum of five billion crowns for the indebted company, but the final amount will depend on the management of the company and the fulfillment of the set economic parameters.
NET4GAS operates 4,000 kilometers of gas pipelines, five compression stations and a hundred transfer stations, including three at the border. Until now, NET4GAS Holdings was half-owned by a consortium of Allianz Infrastructure Luxembourg and Borealis Novus Parent.
“The stable company NET4GAS is a condition for the transport of gas through our territory and the further development of the gas system. Considering that natural gas will play an important role in the energy decarbonization process in the coming years, it is necessary to ensure the stable future development of the company,” said Minister of Industry and Trade Jozef Síkela (STAN).
He reminded that gas will play an important role in the domestic energy mix in the coming years during the planned shift away from coal. “In the coming years, we expect an increase in its consumption by 25 to 50 percent, which is why the state’s investment in the NET4GAS company is a very important step towards strengthening energy security,” the minister added.