03 We are Gasunie

Gasunie is an energy infrastructure company. In the Netherlands and the northern part of Germany, we operate and maintain networks, terminals and storage facilities for gas. Now, this is mainly natural gas, but the energy transition will mean a gradual shift towards biomethane and hydrogen. We also collaborate in the construction and management of heat and CO₂ infrastructure. We ensure that this segment of the energy supply is safe, affordable and as sustainable as possible, ensuring that everyone has access to energy, always.

The Dutch State is our sole shareholder. Our employees are spread over more than 30 locations in the Netherlands and northern Germany. Our headquarters are in Groningen (the Netherlands), and our main German office is located in Hanover.

GTS and GUD give the market access to the available capacity on their networks. Customers feed gas in at entry points and take gas off from the network at exit points. To be able to do that, they sign contracts to reserve capacity at specific points of the network over a specific period (year, quarter, month or day).

GTS’s and GUD’s natural gas transmission operations are revenue-regulated, meaning that the regulatory authorities Netherlands Authority for Consumers and Markets (ACM) and Bundesnetzagentur (BNetzA) determine how much these companies may earn each year and the conditions they must apply for their customers. If either of these companies earn less than the amount previously set by the relevant authority, they may increase their tariffs in subsequent years; if they earn more, the additional revenue is returned to the market in the form of lower tariffs in subsequent years.

For the revenue and results of each segment, see note 2 to the financial statements.

EU and Dutch climate targets are under pressure due to high energy costs, rising interest rates, investment uncertainty and project delays, and the focus is increasingly on affordability, competitiveness and physical and digital resilience. As a company, we are increasingly looking beyond our own walls, looking at the needs of our customers on the market and at other parties in the energy system of tomorrow. At the same time, we are increasingly taking a cross-departmental and cross-specialism perspective inside our company. We are doing this because changing and more complex value chains demand new ways of thinking and working together.

With our Strategy 2030, we are taking ambitious, concrete steps towards realising our Vision 2040. Our energy infrastructure brings together natural gas, hydrogen, CO₂, heat and biomethane, and contributes to an integrated system for new energy. Working safely comes first and foremost in everything we do. We also strive for healthy financial operations. And as a state-owned company, we perform our work with a clear goal in mind: to serve the public interest.

Our success is driven by our employees. Gasunie has much to be proud of. We have high-quality technical expertise in house, an excellent reputation when it comes to reliability, and excellent working conditions. We are developing quickly, becoming ever more multifaceted and taking the lead in the energy transition. To successfully implement our strategy, our people need to respond flexibly to external developments, changing policy rules, new technologies and currently unforeseen market conditions.

We manage large, complex projects and create social value. We are promoting a corporate culture that is in step with our new challenges and responsibilities, and shaping an organisational structure in line with this. We want to remain an attractive employer in this tight labour market. This is how we are building together to shape a new, exciting, challenging chapter in Gasunie’s wonderful history.

By 2040, electricity could potentially cover as much as 40% of the total energy demand, compared to 20% in 2025. Natural gas is the flexible energy buffer in our power supply. While hydrogen as an energy carrier has seen a slower start than expected, we expect blue hydrogen to be a viable and widely available alternative by 2040.

Sustainable gases will have become important resources for industries where full electrification is not feasible and industries for which, while they do have the option to go electric, molecules are the better solution because they involve the lowest cost to society. Choosing molecules avoids things such as hybrid heat pumps having to be installed in the built environment. Additionally, sustainable gases can be used to cover peak demand for electricity and heat.

By 2040, Gasunie will have become a leading operator of large-scale molecule transport, storage and import infrastructure. We will be operating an integrated energy system where supply and demand are balanced, and we will be doing so at the lowest possible cost for society. Together with partners such as TenneT and regional network operators, we will be helping to ensure a robust, sustainable energy system that supports economic activity and guarantees security of supply.

By 2040, Gasunie will be operating in four value chains:

• Methane: By 2040, our network, terminals and storage facilities will accommodate methane, biomethane, bio-LNG, LNG and e-methane. Society will be using less natural gas than today. CCS will play a key role and, together with the use of biomethane, will even deliver negative emissions; 
• Hydrogen: By 2040, the Netherlands will be a prominent hydrogen hub in north-western Europe. Gasunie will by then have a large network in the Netherlands and Germany, storage options in salt caverns and import terminals in the ports of Rotterdam and Eemshaven; 
• CO₂: Together with several partners, Gasunie will be operating CO₂ transport and storage infrastructure, including import and export terminals, which we will use to enable industry to decarbonise and emissions to be reversed; 
• Heat: By 2040, Gasunie will be operating two to three large-scale heat networks to heat homes and businesses in a sustainable way.

For each project we look at tailor-made solutions that will keep the development and operating risks under control. There is a dedicated decision-making process for each project. Major investment decisions are made by the Executive Board and submitted to both the Supervisory Board and the shareholder for approval.

We expect the majority of these projects to be subject to some form of regulation, either immediately or after some time.

In the 2025 financial year, we invested a total of over € 600 million in energy transition projects. Part of this amount was invested in Porthos, WarmtelinQ and the Dutch hydrogen transmission network, which are energy transition projects the Netherlands needs for a sustainable future. We also invested heavily in the German Hyperlink project. Additionally, we committed approximately € 600 million to the development and maintenance of gas and LNG infrastructure. Most of the investments for LNG were made in Germany. Our investments in gas and LNG infrastructure will increase the security of energy for households and industry.