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14-908: Set up by Gasunie in 2003, it is almost identical to the National Balancing Point (NBP) in the United Kingdom and allows gas to be traded within the Dutch Gas network. The TTF is operated by an independent subsidiary of Gasunie, Gasunie Transport Services B.V., which is the Gas Transmission System Operator in the Netherlands. Wholesale gas trading at the TTF is predominantly conducted over-the-counter via interdealer brokers. Physical short-term gas and gas futures contracts are also traded and handled by

28-463: A period of five years. The two can store liquefied gas in the hold and supply the gas as needed. Both installations are expected to come into operation in the autumn of 2022 and this capacity will reduce dependence on Russian natural gas. The two ships, from Exmar and New Fortress Energy, will be berthed in Eemshaven and together they can supply 8 billion m³ of natural gas. Gasunie has been co-owner of

42-477: Is a stub . You can help Misplaced Pages by expanding it . Gasunie N.V. Nederlandse Gasunie (short form: Gasunie ) is a Dutch natural gas infrastructure and transportation company operating in the Netherlands and Germany. Gasunie owns the Netherlands gas transmission network with a total length of over 12,000 kilometres (7,500 mi) and 3,100 kilometres (1,900 mi) long network in Germany. Gasunie

56-610: The Dutch gas transmission network as well as the former BEB pipeline network in Germany, and a major pipeline connecting The Netherlands with the United Kingdom called the BBL Pipeline . In 2005, the split of Gasunie took place through a buy out by the Dutch State of the shares held by Shell and ExxonMobil in the infrastructure part of Gasunie. Therefore, Gasunie is now 100% state owned. The Dutch Ministry of Finance represents

70-780: The Gate terminal in Rotterdam for years, a comparable installation, but on land. Gasunie is a shareholder of ICE Endex, a European gas spot and derivatives exchange. Gasunie owns 60% of the BBL Pipeline between the Netherlands and England. It also has 9% of shares in Nord Stream AG , the project company for the Nord Stream 1 pipeline. Gasunie has agreed to have a 20% stake in NEL pipeline which will connect Nord Stream with

84-676: The German gas system. Gasunie owns 42.5% of Gate Terminal, the first LNG import terminal in the Netherlands, on the Maasvlakte . Following successful cooperation with GTS, Gate was brought into operation on the planned date of 1 September 2011. Nord Stream AG Nord Stream AG is a consortium for construction and operation of the Nord Stream 1 submarine pipeline between Vyborg in Russia and Greifswald in Germany . The consortium

98-552: The Government's shareholder interest. Ownership of GasTerra is divided the same way as Gasunie before 2005. At the end of October 2010, Gasunie became a 25% shareholder in the Rotterdam-based company Rotterdamse Cintra Maatschappij B.V. Cintra is exploring the possibilities for developing services for the transport of CO 2 from emitter to storage operator in Rotterdam. Gasunie established Vertogas on 2 July 2009 for

112-644: The ICE-Endex Exchange (Amsterdam) and via the PEGAS exchange. Gas at TTF trades in euros per megawatt hour . In the two decades since its inception trades at the TTF have grown exponentially and exceeded domestic volumes in the Netherlands fourteen-fold. This increase, helped by the rise of liquefied natural gas (LNG), caused the TTF to overtake the UK's National Balancing Point (NBP) as Europe's biggest gas benchmark. This Netherlands -related article

126-435: The basis of transparent conditions, with Gasunie as independent manager. In South Holland, the construction of a regional heat network can reduce CO 2 emissions. In April 2022, Gasunie hired a tanker for a period of five years to convert cargoes of liquefied natural gas (LNG) into gaseous form, after which it can be pumped into the Dutch gas network. A month later, a second contract for a comparable ship followed, also for

140-703: The company announced that natural gas supplies via the Nord Stream 1 pipeline would remain shut off indefinitely until the main gas turbine at the Portovaya compressor station near St Petersburg was fixed due to an engine oil leak. Finally, on 26 September 2022 both pipelines of Nord Stream 1 were sabotaged beyond repair. Due to the Russian invasion of Ukraine Germany had halted the permitting process for Nord Stream 2 which although technically ready had therefore never delivered gas when also one of its two pipelines

154-549: The purpose of issuing certificates which guarantee the origin and volume produced of green gas. In January 2011 Gasunie Zuidwending became operational. This is a new underground storage facility in Zuidwending, the north of the Netherlands. In 2007, Gasunie bought the BEB's transportation unit BEB Erdgas und Erdoel GmbH, a German natural gas pipeline network operator, from Royal Dutch Shell and ExxonMobil. In September 2019, it

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168-406: Was announced that Gasunie will be developing two pipelines based on independent heat transport management. The pipes will be installed for the transport of heat from the port of Rotterdam to the region of The Hague. Gasunie is taking over this project from Eneco. The heat transport pipeline will become a regulated transport network to which various suppliers of heat sources and consumers can connect on

182-438: Was founded in 1963 as a public-private partnership of Royal Dutch Shell (25%), ExxonMobil (25%) and the state of the Netherlands (50%) to sell and distribute natural gas from the then recently discovered gasfield in the province of Groningen . In 2005 the company was divided into a gas trading company (now called GasTerra ) and a gas transportation company which kept the name Gasunie. The latter owns and operates most of

196-700: Was incorporated in Zug , Switzerland , on 30 November 2005. Since the first gas delivery in 2011, the company has transported over 450 billion cubic metres of natural gas to Europe. In 2020, the German Federal Network Agency highlighted again the Nord Stream Pipeline's contribution to security of energy supply in Europe. Gas deliveries ceased on 31 August 2022, officially for three days of maintenance. However on 2 September 2022,

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