German utility RWE Dea has transferred its natural gas storage operations to the company RWE Dea Speicher at Inzenham-West near Rosenheim, Germany.
RWE Dea with this step fulfills the requirements of the Energy Sector Act in relation to the unbundling of the operation of storage facilities.
These operations are related from the company’s other activities, which include pooling the construction, operation and marketing of storage capacities in the new company.
RWE Dea Speicher managing director Jörg Fanger said the company looks forward to meet the challenges of this business and to enliven the competition in this new constellation.
The new storage facility with a useable storage volume of about 5 terawatt hours, provides consumers with a secure energy supply.