Annual overview

Annual overview

Q1

Gasunie New Energy and Cogas started a joint venture for the development of a biogas network in Twente, in the east of the Netherlands. The network was completed at the end of 2016 and is currently feeding 4 million m3 of green gas into the Cogas distribution network.

The new compressor station in Quarnstedt (Germany) was taken into use. This was the last major project in the expansion of our network towards Ellund, on the Danish border.

In March, Gasunie, the trade unions and the Works Council (the ‘core team’) signed a new collective labour agreement. This process was part of creating a sustainable HR and employment conditions policy.

Q2

Annie Krist and Ulco Vermeulen joined Gasunie’s Executive Board, bringing the total to four Board members.

In April and June, the Netherlands Authority for Consumers and Markets (ACM) published its draft method decision in two parts regarding the permitted revenues of GTS for the regulatory period 2017–2021.

Our fine-tuned strategy was aligned with the shareholder and approved by the Supervisory Board. We will focus on the growth paths of internationalisation and the development of sustainable activities.

As part of the Operational Excellence programme, the guiding principles of the replacement programmes with regard to the gas receiving stations and valves in the main transport network (HTL) were adjusted. The emphasis on corrective rather than preventive maintenance will lead to significant savings.

In June, the Dutch Minister of Economic Affairs announced his intention to allow an annual gas production of 24 billion m3 as of gas year 2016–2017 (starting in October 2016). In September, this Gas Decision became definitive.

Q3

Due to the decline in the production of low-calorific gas (L-gas), Gasunie Deutschland worked on the market conversion of L-gas into high-calorific H-gas. The first projects, Schneverdingen and Böhmetal, were completed.

In October, we opened a mobile sustainability shop (‘Groningen woont SLIM’) in collaboration with the municipality of Groningen and Reimarkt. Here, residents of the city of Groningen can quickly and easily buy energy-saving solutions.

Q4

The final investment decisions regarding supercritical water gasification (SCW Systems BV) and Ambigo were taken. These are demonstration projects for gasification technology, which enable biomass and other waste flows to be converted into green gas.

During their ‘Rondje Land’ tour across the country, the Executive Board and the core team informed Gasunie employees about Vision 2023 and the new sustainable HR and employment conditions package.

We signed a letter of intent with the municipality of Groningen, Waterbedrijf Groningen and WarmteStad for the joint development of a heat grid in the northwest of the city of Groningen.

In November, we were the first corporate issuer to issue a bond loan of € 300 million at an interest rate of 0%.

The LNG break-bulk infrastructure at Gate terminal on the Maasvlakte near Rotterdam opened in November. This expansion focuses on ‘small-scale LNG’, where LNG is mainly used as fuel for vessels and trucks.

In December, Gasunie Deutschland and Open Grid Europe (OGE) completed the joint acquisition of German network operator jordgasTransport (JGT) from Statoil. This means that, by the end of 2016, Gasunie had successfully expanded its 25% share in the German pipeline NETRA.