Czech Gas Networks Investments S.à r.l. is a private limited liability company (société à responsabilité limitée) organised and existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 20 Boulevard Royal, L-2449, Luxembourg, Grand Duchy of Luxembourg and registered with the Luxembourg trade and companies register (Registre de commerce et des sociétés, Luxembourg) under number B233.444. Czech Gas Networks Investments S.à r.l. was incorporated in the Grand Duchy of Luxembourg on 22 March 2019 for an unlimited duration. The notarial act of incorporation was published on 11 April 2019 in the Recueil Electronique des Sociétés et Associations under reference RESA_L190058512.
The annual sustainability report published by the GasNet Group is used to disclose information about impacts, processes, and responsible management practices in the area of ESG. It includes consolidated non-financial data at the GasNet Group level for the 2023 calendar year.
ČEZ Group has completed the acquisition of a 55.21% stake in the GasNet Group, the largest gas distribution infrastructure operator in the Czech Republic. Natural gas, and later also hydrogen, will play a key role in the future development of the country’s economy. With this acquisition, ČEZ Group supports the transformation of the heat generation industry and its transition from coal to natural gas and hydrogen.
We are pleased to announce that on 22 March 2024 Fitch Ratings has placed Czech Gas Networks Investments S.a r.l's (CGNI) Long-Term Issuer Default Rating (IDR) of 'BBB' and senior unsecured rating of 'BBB+' on Rating WatchPositive (RWP)
S&P affirmed their rating on CGNI at 'BBB+', outlook stable on 27 March, 2024.
It operates almost 65,000 km of networks with approximately 2.3 million off-take points. GasNet is the owner and operator of the distribution network of natural gas starting from the exit point of the transmission networks through gas distribution systems and delivering the natural gas to end-consumers.
GasNet’s activities are currently focused on the safety and reliability of gas supplies to its customers. In addition to natural gas distribution and capacities in the distribution network, GasNet is responsible for operating and maintaining the gas distribution network and is involved in gas balancing, dispatching and ensuring the security of supply for households.
GasNet Služby operates and maintains gas installations for GasNet. The main objective is to ensure safe, reliable and economical operation of gas facilities, including inspections, repairs, maintenance, meter management and reading.
GasNet covers 80% of the country’s gas distribution and manages pipelines in all regions of the Czech Republic outside of Prague and the South Bohemian Region.
