2023 Half-year report

We made great strides in our energy transition projects in hydrogen, CCS, heat and green gas in the first six months of 2023. Our network subsidiaries in the Netherlands and Germany adapted their flow management to the disappearance of Russian pipeline gas and the arrival of many more LNG tankers. A physical shortage of natural gas in the winter of '22/'23 fortunately did not occur, but vigilance and energy conservation remain necessary. Gasunie is doing its bit in the form of further capacity expansions at the Gate and EemsEnergyTerminal LNG import ports.

Construction of WarmtelinQ is on schedule. SKW produced green gas on a large scale for the first time. We are building a 60-kilometre pipeline for green gas between Emmen and Ommen. And we are in the starting blocks for Porthos.

Our Dutch network subsidiary GTS transported 377 TWh of natural gas in the first half of 2023. That is the lowest volume ever transported in a first half year. LNG inflows into the GTS network rose to record highs.

The hydrogen economy is slowly taking shape. In Rotterdam, the shovel goes into the ground for the first 30 kilometres of the national hydrogen network.

In the first six months of 2023, gas from the Groningen field made up only 4% of all natural gas entering the GTS network.

Thanks to a recent tribunal ruling, the position of GTS and other future grid operators within Gasunie is improving.

All three business units contributed to the increase in revenue. At GTS, mainly due to increased transmission tariffs, revenue increased 9% to € 718 million. However, this did not lead to a correspondingly higher profit due to increased network, energy and personnel costs. At Gasunie Deutschland, turnover increased by 14%, mainly due to changing gas flows. The results of the EemsEnergyTerminal were behind the 117% higher turnover at the Participations business unit.