The transmission system operators GASCADE Gastransport GmbH, Fluxys Deutschland GmbH, Gasunie Deutschland Transport Services GmbH and ONTRAS Gastransport GmbH have signed a fractional ownership agreement for the pipeline project European Gas Pipeline Link (EUGAL).

Fluxys Deutschland, Gasunie Deutschland and ONTRAS will each receive 16.5% of the shares in the project and future pipeline. GASCADE will retain a 50.5% stake and remain in charge of the project. The partners have agreed that GASCADE will continue to manage the building process of the pipeline and will operate it in the future.

The European Gas Pipeline Link (EUGAL) will extend over a length of some 485 kilometers, running from the Baltic Sea through Mecklenburg-Western Pomerania and Brandenburg to southern Saxony and from there over the border to the Czech Republic. “The project is fully on schedule – we aim to complete EUGAL’s first string as early as the end of 2019,” states Chief Project Manager Ludger Hümbs.

About Gasunie

Gasunie is a European gas infrastructure company. The company provides the transport of natural gas and green gas via its subsidiaries Gasunie Transport Services B.V. (GTS) in the Netherlands and Gasunie Deutschland in Germany. The company also offers other services in the gas infrastructure field, including gas storage and LNG.