RWE Supply & Trading CZ

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RWE Supply & Trading CZ

Type	Subsidiary
Industry	Oil and gas industry
Founded	1971 (1971)
Headquarters	Prague , Czech Republic
Key people	Dr. Wolfgang Peters (CEO)
Products	Natural gas
Revenue	US$5 billion (2006)
Operating income	2,377,157,000 Czech koruna (2018)
Net income	1,666,425,000 Czech koruna (2018)
Total assets	41,720,758,000 Czech koruna (2018)
Number of employees	26 (2013)[1]
Parent	RWE Gas International N.V. (100%)
Website	www.rwe.cz/o-rwe/rwe-supply-trading/

RWE Supply & Trading CZ is the largest natural gas trading company in the Czech Republic. It is owned by the German energy company RWE.

The group used to own pipelines from Lanžhot on Czech-Slovak border to Germany. Its market position deteriorated in 1997 when competing Yamal-Europe pipeline was put into operation. Another threat was the Nord Stream linking Russia and Germany via Baltic sea. Its past subsidiaries include RWE Gas Storage (owns and operates several underground storages located in the Czech Republic).

See also[]

• Energy in the Czech Republic

References[]

External links[]

• Official website

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