General
General
Sanctions against Russia
Gasunie abides fully by European and Dutch sanctions imposed against Russia. Given the major social and economic consequences for society, Gasunie adheres to the Dutch government’s policy on gas imports from Russia. Operational contacts with Russian companies have been reduced to the minimum level required to facilitate security of supply in the Netherlands, Germany and the rest of Europe through our infrastructure. Gasunie has frozen all non-operational relations and contact with Russian companies such as Gazprom.
In mid-June, the Dutch government triggered the early warning level (level 1) of the Gas Protection and Recovery Plan. For Gasunie, this warning stage means that we have further structured our already close communications with the responsible government agencies. Given the fact that Germany is more dependent on Russian gas than the Netherlands, the German government has gone one step further. In late June, they triggered the alert level (level 2) of their emergency plan for gas, prompted by the expected drop in gas supplies from Russia. Gasunie Deutschland (GUD) and Gasunie Transport Services (GTS) are in close contact with other German network operators and will take measures as and when necessary. Germany is the hub for gas supplies from the west to Central and Eastern Europe. The continuity of gas supply in Germany will, therefore, depend on European solidarity arrangements.
Expensive and scarce materials
Just like other capital-intensive companies, Gasunie has seen the costs of certain materials rise and lead times get longer. We are closely monitoring trends and in constant talks with our suppliers on how to ensure timely delivery of materials. The rising prices are, however, reflected in the company’s operating result.
By being creative in allocating materials to the various projects, Gasunie has managed to deal with scarcity in many cases over the past period. We have, for example, reallocated three kilometres worth of insulated pipes from the WarmtelinQ project to the new floating EemsEnergyTerminal. These pipes will be used there to supply the heat needed for the LNG regasification process. Gasunie made this decision to be able to have this terminal up and running by this fall. Replacement pipes for WarmtelinQ have meanwhile been ordered, so that we can still make the scheduled completion date for this project as well.
