Market share of about 20% in Germany | Further growth targeted in Europe | WINGAS team is key factor of success
Kassel. WINGAS is celebrating 20 years of success on the market: since the company was founded in 1993, it has grown constantly – and today it has a market share of about 20 percent in Germany. “When WINGAS was founded, no-one would have dreamt that we would one day be one of the leading natural gas trading companies in Germany,” Dr. Gerhard König, the Chairman of WINGAS, says happily.
When WINGAS was set up in 1993 as a joint venture of BASF/Wintershall and Gazprom, it had one main goal: to bring more competition to the natural gas market. “Before our company was founded, the German natural gas market was divided up among a few large suppliers. WINGAS managed to change the market fundamentally, to break down old structures and supply natural gas at competitive conditions,” König explains.
In the past 20 years, WINGAS has not only introduced a great many good practices in natural gas trading: before the legislators resolved to unbundle networks and retail, WINGAS had built up its own network and played a key role in the planning and realization of important pipeline projects (the Baltic Sea Pipeline Link, OPAL, and the North European Gas Pipeline, NEL, now the Gascade network). The company is also an important player in the gas storage sector: the WINGAS subsidiary astora operates one of the largest natural gas storage facilities in Western Europe in Rehden, has a stake in the Haidach gas storage facility in Austria, and is currently building a cavern storage facility in Jemgum in North Germany.
WINGAS grows in Europe
From Kassel WINGAS expanded into another eight European countries. In order to supply and advise its customers locally more effectively, the company founded two subsidiaries, WINGAS Benelux s.p.r.l. and WINGAS UK Ltd in Belgium and the UK. In 2012, the Vienna branch in Austria opened.
WINGAS intends to continue on its growth course in Europe. The European branches are the first point of contact for existing as well as potential customers and business partners, such as large industrial enterprises, regional gas suppliers and municipal utilities. “Natural gas plays a pivotal role in the European energy mix – and that isn’t going to change,” König says. “We need natural gas in order to achieve our climate targets in Europe. WINGAS is ideally positioned to meet the challenges of the future and will make an important contribution in this regard.”
Corporate strategy: competent, in a spirit of partnership and flexible
“Our success is based on our strategy of acting with competence, flexibility, and in a spirit of partnership at all times. But the most important factor is our workforce. Our employees are our capital,” König explains. “We have true teamwork and flat hierarchies that provide enough room for a continuous exchange of ideas. This means we are extremely well equipped for the future on the European energy market.”
WINGAS is one of the largest suppliers of natural gas in Germany. The energy company is active in natural gas trading in Belgium, Denmark, France, the UK, Austria, the Netherlands and the Czech Republic. Its customers include municipal utilities, regional gas suppliers, industrial firms and power plants.
In November 2012 the shareholders BASF/Wintershall and Gazprom agreed to intensify their cooperation in shared upstream activities. As part of the asset swap, the previously jointly run natural gas trading and storage business, including WINGAS, will be transferred entirely to the long-term partner Gazprom, subject to the approval of the authorities. In return, Wintershall will receive working interests in Russian natural gas reservoirs.
More energy – together. www.wingas.com