02 Key figures

Gasunie recorded € 171 million less in net profit and € 407 million less in revenue in the first half of 2024 compared to the first half of 2023. Most of the decline can be attributed to the regulatory system Gasunie is facing in the Netherlands and Germany.

In 2022, with the Russian invasion of Ukraine, Gasunie’s network operators sold much more capacity than expected at sometimes much higher prices. As a result, actual revenue that year was substantially higher than the revenue cap set by the regulators. This additional revenue is being returned to the market in the form of lower tariffs in 2024 and subsequent years. Additionally, Gasunie sold and auctioned less capacity in recent months than in the same period last year. The impact of the fall in net profit was tempered by the lower energy costs for gas transmission.

The sale of 50% of EemsEnergyTerminal to Vopak on 1 October 2023 has also impacted the presentation of Gasunie’s half-year figures. With this sale EemsEnergyTerminal has gone from being a group company to a joint venture, with the result that we no longer include the terminal’s revenue and costs in our consolidated revenue and costs. Only the net profit is included now, under ‘results from participating interests’.

Lower transport volumes and a different way of using energy at EemsEnergyTerminal resulted in lower emissions in the first half of 2024 than the same period of 2023.