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HubCo and Eurohub to merge (vedlegg)

April 27, 2004, 15:00 CEST

The owners of HubCo and Eurohub, which both operate gas marketplaces in Germany’s Emden-Bunde region, have agreed to continue operations through a joint company.

Statoil is one of the partners in HubCo – the North West European Hub Service Company – together with German gas distributors Ruhrgas, BEB and Wingas.

The merger will be implemented by incorporating Dutch gas company Gasunie, owner of Eurohub, as a member of the HubCo joint venture.

Click here for the press release.