Vier Gas Transport GmbH, Essen, was established as a company on 10 January 2012 and commenced its business activities on 12 April 2012.
The object of the Company is the acquisition, holding and management of interests in gas transmission assets through its investments. Vier Gas Transport is the 100% owner of Open Grid Europe, Germany’s leading natural gas carrier with a gas transmission network of around 12,000 km, representing almost 70 per cent of the total German market for gas transmission. As a German transmission system operator (TSO), Open Grid Europe is subject to a comprehensive regulatory framework, both on a European and national level. The key law applicable to Open Grid Europe is the Energiewirtschaftsgesetz (EnWG), which defines the overall legal framework for the gas and electricity supply in Germany. Bundesnetzagentur is the federal energy market regulator.
Vier Gas Services GmbH & Co. KG, Essen, is the sole shareholder of Vier Gas Transport.
Effective 23 July 2012, Vier Gas Transport acquired 100% of the shares in Open Grid Europe from E.ON Ruhrgas AG, Essen.