2003

March 18

WINGAS takes advantage of the procurement opportunities on the spot markets. With the aim of increasing its activities, WINGAS has acquired a 25 per cent share in HubCo-North West European Hub Service Company GmbH, the operating company of a natural gas trading point in the North German region Bunde/Emden.

August 26

WINGAS has nudged the competition in neighbouring country Belgium by adding powerful momentum. The company has already signed supply contracts with industrial customers in Belgium and has succeeded already in the middle term in securing a market share of 6 per cent of the Belgian gas market. In order to step up this marketing activity, the company WINGAS Belgium has been established with headquarters in Brussels.

September 15

Starting shot for construction of a new natural gas conditioning plant on the premises of the company Mitsubishi HiTech Paper GmbH; in 2004 the conditioning plant should feed natural gas into the Bielefeld grid. The public utilities have, in addition, concluded a natural gas supply contract with WINGAS. Connection to the H-gas system will enable the Bielefeld public utility in future to gain access to the international natural gas spot markets and to thus guarantee competitive prices.

December 11

WINGAS has extended its European activities to the United Kingdom: to this end, the joint venture with Norwegian energy, aluminium and chemicals group Norsk Hydro, HydroWingas, was established whose purpose is the marketing and selling natural gas in the U.K.