Through the company EPS, the Czech Republic became the owner of NET4GAS Holdings (referred to as NET4GAS) last fall. Thus, the group holds a long license for the transportation of natural gas in the Czech Republic, operating 4 thousand km of gas pipelines, four border stations, five compression stations and one hundred and four stations at the interface with internal gas distribution. In previous years, a very profitable company, which between 2015 and 2022 reported a total profit of 27.7 billion kroner. Then it turned sour, when in the context of the wolf to Ukraine, the company NET4GAS failed to pay the main commission, so it actually stopped flying with it business. That is, a specific, unnamed Russian customer of the company. However, given the way natural gas is produced and transported in Russia, it is particularly important that it is Gazprom. This is how Gazprom’s own allusion to the aided trade relations showed NET4GAS in Russia, therefore there is an incomprehensible late court decision prohibiting the Czech company from continuing the dispute with the company in the decision of our court.
However, in 2022 the incomes started NET4GASie 13 billion crowns, last year it was only 3 billion crowns. In connection, the company fell from an operating profit of K 8.87 billion to a loss of K 571 million. In total, compared to the certain profit reported in 2022, the company suffered a loss of approx. K 6.2 billion last year loss of K 1.7 billion.
Against two NET4GASthe abbreviation tm saw the essence of the business in the area of gas transit, especially the Russian one. Compared to 2022, last year’s total corporate gas transportation was roughly the same as last year, when it reached only 10 billion m3. Of this, roughly 6.8 billion m3 of gas was for domestic needs, 1 billion m3 for transit abroad and the remaining 100 for transport to gas storage facilities. Therefore, gas transportation in the country also decreased (by approx. 0.7 billion m3), when average temperatures warmed up considerably and disputes over the consumption of Czech wastes continued.
The company’s debt did not change year-on-year, totaling K33.8 billion at the end of the year. NET4GAS In addition to bank loans, I also have several bond issues to issue. They are due at the earliest five years in maturity. On the other hand, at the end of the year, the group had cash and other financial assets in the amount of K 9 billion, which with a large reserve of The blood of Oekvan Leton is used in all companies of the group.
To farm for the summer NET4GAS Vron first changed it as follows: Despite the reported annual loss for 2023, the Company expects its financial situation to improve in the future, thanks to ongoing changes in price regulation.
Future? Vodka
NET4GAS continues to be intensively prepared for the transport of renewable and decarbonized gases, especially vodka. The company is involved in various European vodka projects, such as the initiative of the European Vodka Pipeline and the Central European Vodka Corridor (CEHC) or the Czech-German Vodka Connection (CGHI). In November 2023, the European Commission included CEHC and CGHI on six pan-European lists of Project of Common Interest (PCI) and Project of Common Interest (PMI). Intern then NET4GAS in its H2 Readiness project, it first investigated the possibilities of building a gas infrastructure for the transport of vodka. And that both in a certain form and in various mixtures with natural gas.
Related: Stt buys a system of domestic gas pipelines, or indebted company NET4GAS for a minimum of 3 billion crowns
