Definitions

Billion cubic meters.

Billion cubic metres.

Hydrogen produced from fossil energy (natural gas) in combination with CO₂ capture and storage.

Bundesministerium für Wirtschaft und Klimaschutz (German Federal ministry for Economic Affairs and Climate Action).

Developing new products/services and/or entering new markets.

Carbon Capture and Storage.

Methane; the most important component of natural gas.

Normalised total of staff costs and other operating expenses minus costs allocated to investments and uncontrollable energy costs.

Carbon dioxide; released when fuel fully burns.

CO₂ and CH₄ emissions can be converted by means of the Global Warming Potential (GWP) into a measure for the enhanced greenhouse effect, called CO₂ equivalent emission. The GWP for CO₂ is set at 1 and the GWP for CH₄ at 28.

Earnings before deduction of interest and taxes.

Earnings before deduction of interest, taxes, depreciation and amortisation.

The 'effective temperature' refers to the actual temperature, supplemented by an adjustment for wind speed.

Environmental, Social, Governance (ESG) means that factors such as energy consumption, climate, resource availability, health, safety and good corporate governance are taken into account in the selection and management of holdings in companies.

Ministerie van Economische Zaken en Klimaat (Dutch ministry of Economic Affairs and Climate Policy).

Funds From Operations is the sum of the result after taxation of ordinary activities, depreciation, amortisation and impairments.

The controlled releasing of gas by burning it.

Floating storage and regasification unit.

European Gas Research Group, trade association of European gas companies, focused on research and development.

The Greenhouse Gas Protocol, the prevailing standard for reporting on CO₂ emissions, breaks down emissions according to their source. It is divided into scope 1 (direct emissions as a result of our own activities), scope 2 (indirect emissions from the procured energy) and scope 3 (all other indirect emissions as a consequence of our business operations).

A Guarantee of Origin (GoO) is a piece of evidence that proves the origin of sustainably produced energy.

Green gas is biogas upgraded to the quality of natural gas.

Hydrogen produced in a climate-neutral way from renewable energy sources such as wind and solar power.

Gas that contributes to the creation of an insulating layer around the earth, causing it to warm up. The most important greenhouse gases are: water vapour, carbon dioxide, methane, nitrous oxide and chlorinated hydrocarbons.

Gasunie Transport Services

Gasunie Deutschland

A gigawatt (GW) is a unit of electric power.

Global Warming Potential (GWP). The Intergovernmental Panel on Climate Change regularly updates the GWP based on the latest scientific insights.

Hydrogen.

Incidents resulting in injuries to one or more employees of Gasunie and/or third parties as a consequence of carrying out work. Absence refers to work (or replacement work) not being resumed within one working day (24 hours).

Input tax is ‘VAT on our costs’, i.e. VAT that our suppliers have billed us for.

Total of tangible fixed assets, investments in joint ventures, investments in associates, and other equity interests adjusted for work in progress assets for which payment has yet to be received.

International Standardisation Organisation; an organisation that sets international standards.

Leak detection and repair programme.

The mandate that a company is given (by the government and/or society) to perform its tasks.

Liquefied Natural Gas.

Liquid organic hydrogen carriers.

A megawatt (MW) is a unit of electric power.

This ratio provides insight into the extent to which tangible fixed assets are financed by debt.

The normalised Net Operating Profit Less Adjusted Taxes is the total of normalised EBIT and the share in the result of associates net of taxes.

Normalised Return On Equity is calculated by dividing the normalised result after taxation by the normalised equity.

Normalised Return On Invested Capital is calculated by dividing the normalised NOPLAT by the invested capital. This ratio provides information on the extent to which Gasunie generates cash flows compared to the cash flow it has invested in the business.

Collective term for nitrogen oxide gases. These gases are released in all burning processes and contribute to atmospheric pollution.

Pseudo-G-gas is low-calorific gas made from high-calorific gas. This gas is of the same quality as Groningen gas.

Incidents resulting in absence, medical treatment, replacement work or fatalities.

The Greenhouse Gas Protocol, the prevailing standard for reporting on CO₂ emissions, breaks down emissions according to their source. It is divided into scope 1 (direct emissions as a result of our own activities), scope 2 (indirect emissions from the procured energy) and scope 3 (all other indirect emissions as a consequence of our business operations).

In the Netherlands, this is understood to mean: the number of times gas transport was interrupted because no, or insufficient, gas was able to flow through our infrastructure, irrespective of whether GTS in the Netherlands was able to supply sufficient gas to customers. In Germany, it is understood to mean: the number of times that our infrastructure was unable to supply sufficient gas to customers. The scores attained by Gasunie in the Netherlands and Germany are added together to produce the total target score.

Organisations or persons with a certain interest in the company.

A measure for safety; the number of ‘reportable’ incidents (incidents leading to absence, medical treatment, alternative work or fatalities) per 1 million hours worked, assuming 1,600 working hours per FTE per year.

Transmission system operator: (TSO) is an entity responsible for the transport of energy in the form of natural gas or electricity at a national or regional level, by means of permanent infrastructure.

The Weighted Average Cost of Capital, usually abbreviated to WACC.