September 14, 2014 10:01 PM ET

Gas Utilities

Company Overview of N.V. Nederlandse Gasunie

Company Overview

N.V. Nederlandse Gasunie, through its subsidiaries, operates as a cross-border gas infrastructure company in Europe. The company engages in the development, management, and operation of gas transport systems in the Netherlands and the northern part of Germany. It transports natural gas and green gas to industrial and domestic gas markets. The company’s gas transport networks consist of approximately 15,000 kilometers of pipelines, various installations, and approximately 1,300 gas-receiving stations. Its gas network conveys approximately 100 billion cubic meters of natural gas a year. The company also provides other gas infrastructure-related services, such as gas and liquefied natural gas s...

Concourslaan 17

Groningen,  9727 KC

Netherlands

Founded in 1963

Phone:

31 50 521 9111

Fax:

31 50 521 1999

Key Executives for N.V. Nederlandse Gasunie

Chairman of the Executive Board and Chief Executive Officer
Age: 50
Chief Financial Officer and Member of Executive Board
Age: 53
Chief Executive Officer of GTS
Operations Director of Gasunie Technology & Assets Management and Managing Director of Zuidwending B V
Chief Commercial Officer and Managing Director for Gasunie Trade & Supply
Compensation as of Fiscal Year 2014.

N.V. Nederlandse Gasunie Key Developments

N.V. Nederlandse Gasunie Reports Earnings Results for the Six Months Ended June 30, 2014; Provides Earnings Guidance for 2014

N.V. Nederlandse Gasunie has reported that income attributable to shareholder for the six months ended June 30, 2014 was EUR 357 million, compared to EUR 213.8 million for the same period ended June 30, 2013. Gross income for the six months ended June 30, 2014 was EUR 875.9 million, compared to EUR 873.6 million for the same period ended June 30, 2013. Operating income for the six months ended June 30, 2014 was EUR 519.4 million, compared to EUR 358.6 million for the same period ended June 30, 2013. Income before taxation for the six months ended June 30, 2014 was EUR 477.6 million, compared to EUR 283.5 million for the same period ended June 30, 2013. For 2014, the company expects income to be approximately EUR 1.6 billion.

N.V. Nederlandse Gasunie Reports Earnings Results for the Full Year of 2013

N.V. Nederlandse Gasunie reported earnings results for the full year of 2013. For the year, the company has reported that net profit for 2013 was EUR 464 million, compared to EUR 359 million for 2012. Revenues for 2013 were EUR 1.53 billion, compared to EUR 1.51 billion for 2012. EBITDA for 2013 was EUR 1.09 billion, compared to EUR 941 million for 2012. EDIT for 2013 was EUR 798 million, compared to EUR 672 million for 2012.

Gasunie Appoints Han Fennema as CEO and Chairman of the Executive Board, Effective March 1, 2014

Gasunie has appointed Han Fennema as CEO and chairman of the executive board, effective March 1, 2014. Han Fennema (1964) has had various management positions within the energy sector, amongst others at ExxonMobil and Eneco (member of the Executive Board). He is chairman of the Executive Board of infrastructure company Enexis. Besides his position at Enexis he is also president of the trade association Netbeheer Nederland, a position he has held since 2011. As of 1 January 2014 the Gasunie Executive Board will consist of Geert Graaf (interim CEO), Han Fennema and Rene Oudejans (CFO).

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