| Wingas GmbH | |
| Type: | subsidiary |
| Founder: | Wintershall Gazprom |
| Location City: | Kassel |
| Location Country: | Germany |
| Revenue: | €12.59 billion |
| Num Employees: | 550 |
Wingas GmbH is a gas distribution company located in Kassel, Germany. It is a subsidiary of Gazprom, which held its shares through W&G Beteilligungs-GmbH & Co. KG.[1]
Wingas was established in 1993 by BASF subsidiary Wintershall and Gazprom. Since 25 October 2007, Wintershall owned 50% plus one share, while Gazprom's stock is 50% less one share.[2] In December 2013, Wintershall and Gazprom agreed an assets swap which made Wingas a wholly owned subsidiary of Gazprom.[3] BASF and Gazprom completed the swap of assets by September 30, 2015.[4] [5]
Wingas operates in Germany, Belgium, Denmark, France, the United Kingdom, Austria, the Netherlands and the Czech Republic. In Germany, it has a 20% market share.
Wingas's subsidiary Astora GmbH & Co. KG operates the Western Europe largest natural gas storage facility in Rehden, North Germany, with a working gas volume of 4.4e9m3 and represents roughly a fifth of the entire storage capacity in Germany. Another large gas storage facility with capacity of 2.6e9m3 is the Haidach gas storage.[6] In 2004 Wingas purchased the Saltfleetby Gas Field in the United Kingdom, which is operated by Wingas Storage UK and is used for gas storage.[7] [8]
Besides natural gas, Wingas leases the free transmission capacity in fiber-optic cables to commercial customers.[9]