terranets bw gets full ownership of underground storage Sandhausen

Stuttgart, (PresseBox) - By signing the contract for the purchase of the 50% shares at the natural gas underground storage Sandhausen from Essener E.ON Gas Storage GmbH (EGS) it has been agreed that, from 1st January 2015, the independent transportation system operator terranets bw GmbH becomes the only owner of the natural gas storage.

"The taking over of the remaining shares of the storage Sandhausen is an important element in our strategy to sustainably increase the security of supply with natural gas in Baden-Württemberg", said Dr. Thomas Gößmann, Spokesman of the Management Board of terranets bw GmbH. "In this way we have got a higher flexibility for the natural gas transportation within the region."

The pore storage (aquifer) Sandhausen, close to Heidelberg, has been operating since 1991 and has a total capacity volume of around 30 million standard cubic meters of natural gas.

With this around 150,000 households can be supplied with natural gas in Baden-Württemberg for one month.

After entry into force of the transfer of ownership as from January 2015, the underground storage is only used for the management of the transportation system operator terranets bw in order to support the non-discriminating natural gas transportation.

terranets bw GmbH

Our company has been operating high-pressure gas pipelines and systems using state-of-the-art technology in Baden-Württemberg since 1961. The high-pressure gas transmission system ensures the nondiscriminatory shipping of natural gas and guarantees its customers a technically reliable supply. Today, more than two thirds of all towns and communities in Baden-Württemberg as well as parts of Switzerland, Vorarlberg and the Principality of Liechtenstein are connected to the high-pressure grid of terranets bw. In addition to this, terranets bw operates a 2,000 km telecommunication network with corresponding systems and technical equipment. terranets bw offers its customers a broad range of technology and telecommunication services. The company has a headcount of around 190 employees. Its shareholder is EnBW Eni Verwaltungsgesellschaft mbH. Further information is available at www.terranets-bw.de.

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