RWE's Czech gas storage exit progresses: press
German power utility RWE is progressing plans to sell off its gas storage centres in the Czech Republic, Reuters reported May 17.
Company officials told the newswire that RWE had received encouraging feedback from potential European buyers, and said the sales process was well advanced.
RWE's Czech gas storage unit has six underground gas stores with a combined 2.7bn m3 capacity. Reuters says this is enough to meet Czech winter consumption for two months.
Czech gas stores were running at roughly 52% capacity as of May 16, and contained around 18.7 TWh in natural gas storage. Five of RWE's operated facilities are clustered to the southeast and east of the country, with a single outpost further west, to the south of Prague.
"The importance and attractiveness of the business is undisputed, especially in the current situation," a spokesperson for RWE said.