CGNI Financial and ESG Update
Although the overall environment in 2022 was very challenging, the last year
was again a successful year for CGNI
•
Almost complete restructuring of deliveries from 97% Russian gas to Norwegian gas and LNG within 9 months. The shift in flow is structurally
sustainable, and the country's largest utility also acquired a stake in an LNG terminal in the Netherlands in 2022 to secure up to one third of the
country's annual consumption.
Stable operation, no curtailments or technical shortages in gas supply
Although distribution volumes decreased significantly due to price hikes and geopolitical uncertainty, financial and operating objectives were met
Regulatory rules for ongoing RP5 prove resilience
Strong engagement in the energy transition in the Czech Republic
The dependance of the Czech Republic on
Russian gas dropped to almost zero
Other: 3% Other (LNG, Norway): 96 %
Gas prices declined to pre-war levels after
the all-time peak in Q3/2022
ICE Endex
Dutch TTF Natural Gas Futures
Gas storage filling levels increase to all time.
highs in 2023.
CONTRACT
JUN23
Russia 4 %
INTRADAY
3 MONTHS 1 YEAR
2 YEARS
350
300
Russia: 97 %
250
200
150
100
2023
50
g
2021
Source: MPO (Ministry of Industry and Trade)
LAST
CZE gas filling level at long-term high (May 2023)
80%
TIME(GMT)
% CHANGE VOLUME
70%
1.958 6840
60%
25.000
5/29/2023
3:59 PM
LAST UPDATE TIME: 05-30-2023 5:14 AM GMT
50%
40%
30%
20%
10%
MONDAY MAY 29, 2023
PRICE: 24.562
0%
2015
2016
2017
Igas filling level @ May 29
0
JUL 21
OCT 21
JAN 22
APR 221
JUL 22
OCT 22
JAN 23
APR 23
69%
34%
2018
2019
2020
2021
2022
2023
average (May 29, 2015-19) gas filling level
* 2015-2021 data available only for RWE Gas Storage CZ, thus the comparison
performed at the level of RWE Gas Storage CZ.
gasnet.cz
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