Vemex s.r.o.
| private | |
| Industry | oil and gas |
| Founded | 2001 |
| Headquarters | Prague, Czech Republic |
|
Key people
|
Vladimir Ermakov (CEO) |
| Products | natural gas |
| Services | distribution of natural gas |
| Parent | Gazprom |
| Subsidiaries | Vemex Energo, s.r.o. |
| Website | www.vemex.cz |
Vemex is a Gazprom-controlled natural gas trading company in the Czech Republic. In addition to the Czech Republic, the companies also operates in Slovakia. The shareholders of Vemex are:
Vemex has around 10–12% of the Czech gas market. The major clients are the Prague gas utility Pražská plynárenská, the Spolana chemical producer, and the steel manufacturer Vitkovice.
In 2007, Vemex signed a 5-year contract with Gazprom for annual deliveries up to 500 million cubic metres of gas. Together with the Czech natural gas producer MND, shareholder of Vemex itself, the company plans to build a natural gas storage facility in the eastern part of the Czech Republic. As of 2013 the plat is still active.
In 2010. the company announced its plant to enter the Slovak market through its subsidiary Vemex Energo, s.r.o. In September 2009, the company announced it would like to lease a part of Ukrainian underground storage capacities.
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