Czech Vetropack signs gas contract

German-Russian joint venture company Wingas will supply 35 million cubic metres of natural gas a year to Czech glass manufacturer Vetropack from 1 January 2006. The move into the Czech market is a fir…

German-Russian joint venture company Wingas will supply 35 million cubic metres of natural gas a year to Czech glass manufacturer Vetropack from 1 January 2006. The move into the Czech market is a first for Wingas, the company said in a statement on 22 December 2005. Vetropack“s change of supplier follows the deregulation of the Czech gas market in January 2005. “The gas supply contract with Vetropack marks our first successful step into the Czech Republic,” said Dr Rainer Seele, head of Wingas. “We are confident that we will be able to convince other Czech customers of our abilities, and to extend our market position [there]”. Wingas is a joint venture between German Wintershall (65%) and Russian major Gazprom (35%). Since 1990, Wingas has supplied gas to Stadtwerke, large industrial customers and regional gas suppliers in Germany and Europe through its 2,000-kilometre long pipeline.