Storage company astora officially launched

  • Storage for the European market
  • website www.astora.de now online
  • Andreas Renner is the new managing director

Kassel, 1 June 2012. The storage company astora officially commenced its operations today with its entry in the commercial register: “With capacities totalling six billion cubic metres, astora is one of the largest storage operators in Europe,” announces astora Managing Director Andreas Renner. “We are making an important contribution towards securing Europe’s energy supply with natural gas through our storage facilities in Rehden in Lower Saxony, Haidach in Austria and the Jemgum storage facility project on the German-Dutch border.” Around 2.5 million European households can be supplied with gas for a whole year from astora’s storage facilities.

astora’s portfolio is of great interest to natural gas suppliers and spot market traders alike. “We are therefore confident that the new company will successfully compete on the market,” says Renner. By hiving off its storage activities into an independent company, the natural gas trader WINGAS is fulfilling the requirements of the third liberalisation package of the EU. Storage activities were already unbundled within the company in 2006. “We will continue to be an equally strong and reliable partner for our customers under the astora flag. With ‘smart storage solutions’, our goal is to make our customers even more successful,” explains Renner.

Following the storage company’s entry in the commercial register, astora’s website is also being unveiled in a brand new design featuring a range of new functions. Customers and interested parties can find information about the company and its services just as before at www.astora.de. Via the website, astora customers can also make online nominations, create reports on existing contracts and reserve new storage capacities.

astora GmbH & Co. KG offers intelligent storage solutions from a single source – from the planning and development of natural gas storage facilities through to operation and the marketing of storage capacities. The company’s customers benefit from decades of experience in the technical field, comprehensive market knowledge and personal service. astora is committed to developing clear and simple solutions meeting the highest demands and is one of Europe’s leading storage facility operators. The company markets the capacities of the largest natural gas storage facility in Western Europe, at Rehden in northern Germany, with a working gas volume of more than 4 billion cubic meters. In addition, the company holds capacities in the second-largest storage facility of central Europe at Haidach, Austria. In order to expand its storage before portfolio and to secure natural gas supplies to Europe, the Jemgum natural gas storage facility on the border between Germany and the Netherlands is currently being developed.

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