SEFE Energy

SEFE Energy is a gas distribution company located in Kassel, Germany. It is a subsidiary of Securing Energy for Europe.

SEFE Energy

Company type	subsidiary
Founded	1993 (1993)
Founder	Wintershall Gazprom
Headquarters	Kassel , Germany
Revenue	€12.59 billion
Number of employees	550
Parent	Securing Energy for Europe
Website	www.sefe-energy.eu

History

Wingas was established in 1993 by BASF subsidiary Wintershall and Gazprom. Since 25 October 2007, Wintershall owned 50% plus one share, while Gazprom's stock is 50% less one share.^[1] In December 2013, Wintershall and Gazprom agreed an assets swap which made Wingas a wholly owned subsidiary of Gazprom.^[2] BASF and Gazprom completed the swap of assets by September 30, 2015.^[3][4]

Operations

SEFE Energy operates in Germany, Belgium, Denmark, France, the United Kingdom, Austria, the Netherlands and the Czech Republic. In Germany, it has a 20% market share.^{[citation needed]}

Wingas's subsidiary Astora GmbH & Co. KG operates the Western Europe largest natural gas storage facility in Rehden, North Germany, with a working gas volume of 4.4 billion cubic metres (160 billion cubic feet) and represents roughly a fifth of the entire storage capacity in Germany. Another large gas storage facility with capacity of 2.6 billion cubic metres (92 billion cubic feet) is the Haidach gas storage.^[5] In 2004 Wingas purchased the Saltfleetby Gas Field in the United Kingdom, which is operated by Wingas Storage UK and is used for gas storage.^[6][7]

Besides natural gas, Wingas leases the free transmission capacity in fiber-optic cables to commercial customers.^[8]