W & G Beteiligungs-GmbH & Co. KG (W & G) was founded as a joint venture between Wintershall Holding GmbH, Kassel and PAO GAZPROM, Moscow. The Russian company GAZPROM and the BASF subsidiary Wintershall teamed up around 20 years ago in order to market together natural gas. The aims of the two partners were to supply gas on competitive terms, to optimize its use and to secure its supply in the long term.
W & G came into being in May 2012 when WINGAS GmbH & Co. KG changed its name as part of the implementation of regulatory requirements set out in the third EU liberalization package and the amended German Energy Management Act. W & G functions as a holding company and primarily takes care of reporting and financing duties on behalf of companies in the W & G Group. With the closing of the asset swap between BASF and Gazprom in 2015, the Russian company took over all shares of W & G.
W & G’s subsidiary companies are established players on the German and European market. Although they come under the umbrella of the holding company, they act independently and are competent partners for:
WINGAS is already one of the largest natural-gas traders on the German market and the company is now an established player in Europe too. For many years, WINGAS has been supplying customers in Belgium, Denmark, France, Great Britain, Austria and the Czech Republic, and the list continues to grow. Its customers are primarily distributors (municipal utility companies, regional firms and gas supply companies) as well as major industrial users and power stations. WINGAS is also active at the European spot trading points and markets optical fibers for telecommunications.
The WINGAS subsidiary astora GmbH & Co. KG is one of the largest marketers of natural-gas storage capacities in Europe. In Rehden to the south of Bremen, astora operates the largest gas storage facility in Western Europe which is capable of storing more than four billion cubic meters of gas. This quantity is sufficient to supply two million households with gas for a whole year. Its storage portfolio also includes a third of the capacity of Central Europe’s second-largest gas storage facility in Haidach, Austria. In the future, the portfolio will be rounded off by the cavern storage facility in Jemgum, Lower Saxony which is currently under construction.
Gerhard König holds a doctorate in business administration. As well as his role as Chairman of WINGAS, from October 2009 until September 2015 he was also a member of the Board of Executive Directors of Wintershall Holding. Prior to this, he was Sales Director of the gas trading company, a position he held since 2002. König has been a Managing Director of
W & G Beteiligungs-GmbH & Co. KG since May 2012.
Gennady Ryndin is a graduate of the Moscow State Institute of International Relations and obtained an MBA through the University of Antwerp Management School’s Executive Program. Before he became Financial Director at WINGAS in 2008, Ryndin held various management positions at the GAZPROM subsidiaries Blue Stream Pipeline Company B.V. and RPFB – Russian Project Finance Bank. He has been a Managing Director of W & G Beteiligungs-GmbH & Co. KG since May 2012.
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W & G Beteiligungs-GmbH & Co. KG
34117 Kassel, Germany
Phone: +49 561 99858-3350
Fax: +49 561 99858-1798