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.