OMV Gas & Power GmbH holds an interest of 51% in Gas Connect Austria, 49% are held by AS Gasinfrastruktur GmbH. The latter is 60% owned by Allianz Group and 40% by Snam S.p.A..
Overview of the companies
OMV is producing and marketing oil & gas, innovative energy and high-end petrochemical solutions – in a responsible way. With Group sales of EUR 19 billion and a workforce of around 22,500 employees in 2016, OMV is one of Austria’s largest listed industrial companies. 2016 daily production stood at approximately 311,000 boe/d. In Downstream, OMV has an annual refining capacity of 17.8 mn tonnes and more than 2,000 filling stations in ten countries as of June 2017. OMV operates a gas pipeline network in Austria and gas storage facilities in Austria and Germany. In 2016, gas sales volumes amounted to 109 TWh.
Allianz is one of the world's leading financial groups. They offer their customers a wide range of insurance and asset management services. The company employs approximately 140,000 people in over 70 countries. At the end of 2016, the Allianz Group managed an investment portfolio of around 653 million euros and is active in several areas. Allianz Capital Partners (ACP) is the joint investment manager of the Allianz Group for Alternative Asset Management. ACP manages about 18 billion euros an alternative investments. The investment focus is on investments in infrastructure, renewable energies and private equity funds. The investment objective is to generate attractive, long-term and stable returns and to diversify the investment portfolio for Allianz insurance companies.
With a length of 40,200 kilometers, SNAM operates Europe's largest and most connected natural gas network and, with a capacity of 19 billion m³, one of the largest natural gas storage facilities in the European Union. SNAM invests in Europe with the aim of promoting the European integration of gas networks. SNAM has been operating in Austria for more than 40 years. In close and successful partnership with OMV and later with Gas Connect Austria, the Trans Austria Gasleitung (TAG) was developed. TAG is the backbone of the Austrian natural gas infrastructure and is approximately 85% owned by SNAM, with approximately 15% of the shares held by Gas Connect Austria.