RWE Supply & Trading CZ

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

RWE Supply & Trading CZ
TypeSubsidiary
IndustryOil and gas industry
Founded1971 (1971)
Headquarters,
Key people
Dr. Wolfgang Peters (CEO)
ProductsNatural gas
Revenue US$5 billion (2006)
2,377,157,000 Czech koruna (2018) 
1,666,425,000 Czech koruna (2018) 
Total assets41,720,758,000 Czech koruna (2018) 
Number of employees
26 (2013)[1]
ParentRWE Gas International N.V. (100%)
Websitewww.rwe.cz/o-rwe/rwe-supply-trading/

The group used to own pipelines from Lanžhot on Czech-Slovak border to Germany. Its market position deteriorated in 1997 when competing Yamal-Europe pipeline was put into operation. Another threat was the Nord Stream linking Russia and Germany via Baltic sea. Its past subsidiaries include RWE Gas Storage (owns and operates several underground storages located in the Czech Republic).

See also

References

  1. Annual report of RWE Supply & Trading CZ, a.s., 2013, page 2


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