DEUDAN

DEUDAN (Deutsch/Dänische Erdgastransport) operates a gas pipeline in Germany between the Itzehoe region and the German/Danish border in the Flensburg region. The other shareholder is Open Grid Europe. Our financial share in this joint venture differs from our voting right: though Gasunie only has a 33.4% interest in DEUDAN, based on contractual arrangements between the shareholders, the two companies have joint control.

EemsEnergyTerminal

A joint venture of Gasunie and Vopak, EemsEnergyTerminal was founded with the original objective of operating a floating LNG terminal at the port of Eemshaven through to mid-2027. Both parties have a financial interest of 50% and joint control based on the contractual arrangements between them.

The shareholders expect to make a provisional decision to extend the current business case by 8.5 years at some point in the first half of 2026. The final decision on this extension is expected in the fourth quarter of 2026.

EemsGas

EemsGas Asset Company (EemsGas) is a joint venture between Gasunie and Perpetual Next. With the EemsGas project, we are exploring possibilities for building a gasification plant in Delfzijl for the gasification of woody biomass originating from recycled wood waste. EemsGas uses a two-stage gasification process to sustainably produce biomethane from syngas, which can then be distributed, further reducing dependence on fossil feedstock. Gasunie jointly owns the installation together with Perpetual Next; Perpetual Next will be solely responsible for operating the plant if and when it comes into operation. Based on the contractual arrangements between the shareholders, the two shareholders have joint control. Gasunie has a 50% financial interest.

Gate terminal

Gate terminal is a joint venture with Vopak for the operation of an LNG terminal at Rotterdam's Maasvlakte industrial park. Gasunie and Vopak each have a 50% financial interest in both Gate terminal Management B.V. and Gate terminal C.V. Gate terminal B.V. is the actual operator of the LNG terminal and is wholly-owned by Gate terminal C.V. Based on the contractual arrangements between the shareholders, the two shareholders have joint control.

German LNG

German LNG is developing an LNG terminal in Brunsbüttel in northern Germany. Gasunie has a 40% share in the joint venture, with the rest of the shares held by Kreditanstalt für Wiederaufbau (KfW) on behalf of the German government (50%) and RWE (10%). Gasunie is the envisioned operator of the terminal. Based on contractual arrangements, there is joint control.

NETRA 

NETRA (Norddeutsche Erdgas Transversale) manages a gas grid in the north of Germany comprising around 350 kilometres of pipeline and two compressor stations. The other shareholder in NETRA is Open Grid Europe. Gasunie has a 44.1% financial interest in NETRA and Open Grid Europe has the remaining financial interest of 55.9%. Our financial share in this joint venture differs from our voting right: Based on the contractual arrangements between the shareholders, the two shareholders have joint control.

National Energy Information Services 

National Energy Information Services (NEIS) was founded in 2023 by Gasunie and TenneT. The purpose of NEIS is to develop and provide information services in the area of energy and energy systems, and to provide access to and an understanding of energy/energy system data, including information to be used to advance the energy transition and a sustainable energy supply. Gasunie and TenneT each hold 50% of the shares in NEIS and, based on the contractual arrangements between the shareholders, the two shareholders have joint control.

Porthos

Porthos is a joint venture between Gasunie, Energie Beheer Nederland (EBN) and Port of Rotterdam Authority. Porthos focuses on building infrastructure for the capture and transport of CO₂ and its storage in depleted gas fields deep under the bed of the North Sea. Porthos customers can connect to this infrastructure. Gasunie is contributing its expertise particularly in terms of transport and storage. Based on the contractual arrangements between the shareholders, all shareholders have joint control. From a legal standpoint, Porthos comprises multiple companies. Gasunie’s interest in the individual participating companies varies between 33.3% and 50%.

VertiCer

Established in late 2022, VertiCer provides Guarantees of Origin (GOs) and Certificates of Origin (COs) for electricity, sustainable thermal energy, biomethane and hydrogen. The VertiCer certification system provides assurance on the origin, method of generation/production and the quality of sustainable energy. Gasunie and TenneT each hold 50% of the shares in VertiCer and, based on the contractual arrangements between the shareholders, the two shareholders have joint control.

The loans to joint ventures relate to making loan facilities available to EemsEnergyTerminal and VertiCer. For more information on this matter, see note ‎41 ‘Financial fixed assets’. Over the course of 2025, a total amount of € 12.0 million (2024: € 8.7 million) was drawn on these facilities, while € 0.4 million (2024: € 44.7 million) was repaid. These amounts are included in the consolidated statement of cash flows.

Note ‎3 ‘Impairment tests’ to the consolidated financial statements provides more information on the measurement of our interest in EemsEnergyTerminal. For further details on the guarantees provided for Gate terminal and EemsEnergyTerminal, see note ‎28 ‘Off-balance sheet assets and obligations’.