European Oil, Gas, and Renewable Energy Solutions >  News  
> Homepage (News on Homepage)
> Upstream News
> Midstream News
> Downstream News
> Ocean Energy / Offshore Wind / Renewables
> General Interest News
> Equipment News 
Market Infos / Forecasts
> Events

  Headquarter RWE Hungaria © RWE 

See also:
»  eNewsletter ... from the Editors of OIL & GAS JOURNAL  -  OFFSHORE MAGAZINE - OIL, GAS & PETROCHEM EQUIPMENT
»  Gas for Energy  ... Smart Gas Technologies, Infrastructure and Utilisation ... Magazine, Newsletter, and Website


Published in EPT by Wilhelm Sicking, 26.02.2016


RWE expands natural gas business in Hungary

RWE subsidiary ELMU-ÉMÁSZ takes over customer portfolio
of Hungarian company TIGÁZ

Share of gas market could reach around 10%

Further step in implementing growth strategy for Eastern Europe


Feb 26, 2016  + + +  RWE is acquiring the business and industrial customers of TIGÁZ, a subsidiary of Italian energy utility Eni. Hungary’s ELMU-ÉMÁSZ Group, a subsidiary of RWE, could see its share of the Hungarian competitive market for gas rise to around ten percent as a consequence. ELMU-ÉMÁSZ re-entered the Hungarian gas market as recently as July 2015.

“Eastern Europe is a key growth market for RWE. We are relying on a strategy of organic growth and modest acquisitions, which is paying off, since business in the region is enjoying very good development,” says Peter Terium, CEO at RWE AG. “The gas market in Hungary is an excellent example, progressing from a market share of zero to ten percent in just six months. Our customers, old and new, will benefit in the process from the decades of experience RWE has built up as one of the largest power and gas suppliers in Europe, measured by sales.”

Marie-Theres Thiell, CEO at RWE Hungária, adds: “With around 2,600 further business and industrial customers and around 4,000 points of consumption for gas throughout Hungary, this takes us a big step closer to achieving our goal of a 10-15% market share in this segment in the next few years.”

ELMU-ÉMÁSZ is expected to begin supplying its new customers with gas from 1 April 2016, subject to approval from the Hungarian competition authority GVH (Gazdasági Versenyhivatal). Individual approval by the customers will also be required.

RWE Hungária covers the entire value chain in the electricity business, from production through the operation of the distribution system to supply to customers. Says Thiell: “By making electricity and gas available at favourable rates we are supporting the country’s economic growth.” She adds that RWE subsidiary ELMU-ÉMÁSZ intends to be an active player on the Hungarian gas market for the long term  + + +  Source and more information: 





Worldwide more than 100,000 paid subscriptions


Since May 2015
Oil, Gas & Petrochem (OG&PE) is published as part of the
OIL & GAS JOURNAL to serve a consolidated monthly audience of 135,000 oil/gas professionals worldwide
» read more


Worldwide more than 48,000 subscriptions -
100% one-year direct request qualification


'What's New' in Upstream, Midstream and Downstream Products & Services. Circulation 37,000

Petroleum Group:

Oil & Gas Journal
Oil & Gas Journal Russia

Oil, Gas & Petrochem Equipment

Offshore Magazine
Offshore Russia
Offshore eNewsletter 
Offshore Website Statistics

Oil & Gas Financial Journal

+ + + 

 For more information, media kits or sample copies please contact
Andreas Sicking
+49 (0)2903-338570

Please send news releases to Wilhelm Sicking -