In a similar way to the service Trading Region Upgrade TRU, which was successfully implemented as a pilot project and connected the Austrian and Czech gas markets, existing infrastructure is also being used here. No additional investments in network expansion are needed in order to meet customers’ transport requirements. Customers in Germany, Switzerland and the Tyrol market area now have an additional opportunity to receive their supply directly via the Central European Gas Hub, the virtual trading point in the East Market Area, in addition to the virtual trading point NCG (Net Connect Germany).
Tailor-made solutions – Do It Yourself
Through TRUD!Y, Gas Connect Austria and bayernets will provide market participants with a tool offering the opportunity to put together guaranteed transports coming from the Central European Gas Hub by using their bookings and nominations. The flexible new service allows customers to tailor transport solutions precisely to their needs. This makes gas transport more efficient and reduces transaction costs.
Stefan Königshofer, Head of Sales at Gas Connect Austria, comments: “Our goal is to offer market participants maximum flexibility in booking cross-border transport. This is intended to fulfill customers’ wishes in the best possible way.”
Richard Unterseer, Head of Market and Strategy of bayernets, adds: “With the DZK product at the border crossing point at Überackern, we are creating additional fixed capacities with ‘intelligence instead of steel’ and can thus meet existing transport requirements.”
Through this project, the two companies are acting according to the interests of the European Union, which wants to combine markets in a simple and cost-effective manner.
Gas Connect Austria GmbH
Based in Vienna, Gas Connect Austria is a natural gas transmission system and distribution system operator. The company has 280 employees working at a total of six locations in Vienna, Lower Austria and Upper Austria. Gas Connect Austria operates a modern and powerful high-pressure natural gas network centred on the Baumgarten hub, with connections to Germany, Hungary, Slovakia and Slovenia, as well as to storage and production facilities. The pipeline system is 900 kilometres long and comprises five compressor stations, 40 metering and transfer stations and more than 100 transfer metering points. The company’s core business is marketing gas transportation capacity at cross-border interconnection points, and for domestic natural gas supply in Austria. It plays a key role in the Central European gas network, with marketed entry/exit capacity of 150 billion cubic metres a year. As a logistics services provider with a strong customer focus, the company is constantly developing its products and services in line with market requirements. Gas Connect Austria is a subsidiary of the OMV Group, which holds a 51% stake, with the remaining 49% split between Allianz Capital Partners and SNAM at a ratio of 60:40. Gas Connect Austria is a shareholder in AGGM, AGCS, TAG GmbH and PRISMA, and a member of ENTSOG and GIE.
Media Contact: publicrelations(at)gasconnect.at, Tel: +43-1-27500-88052