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WINGAS GmbH & Co. KG Friedrich-Ebert-Straße 160 34119 Kassel, Germany https://www.wingas.de
Contact Ms Bérénice Crabs +32 2 282 72 30
Company logo of WINGAS GmbH & Co. KG
WINGAS GmbH & Co. KG

Fluxys G acquires from WINGAS 19% stake in North European Gas Pipeline NEL

(PresseBox) (Kassel/Brussels, )
The North European Pipeline NEL adopts a more European stature: Fluxys G has now acquired from WINGAS a 19% stake in the Nord Stream connecting pipeline. The NEL link is one of the two pipelines planned in Germany for accommodating downstream flows from the Nord Stream pipeline which is going to bring additional volumes of Russian natural gas through the Baltic Sea to Europe. Following the signing of this agreement, the NEL ownership is composed of WINGAS 51%, Gasunie 20%, Fluxys G 19% and E.ON Ruhrgas 10%. The planned investments for the pipeline project are approximately at €1 billion.

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