GRTgaz
Logo (2016)
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| Subsidiary | |
| Industry | Oil and gas industry |
| Founded | 1 January 2005 |
| Headquarters | 6, rue Raoul-Nordling, Bois-Colombes, France |
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Key people
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Thierry Trouvé (CEO) |
| Services | Natural gas transmission |
| Revenue | €1.956 billion (2015) |
| €341 million (2015) | |
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Number of employees
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2,959 (2015) |
| Parent | ENGIE |
| Website | www |
GRTgaz is a French natural gas transmission system operator located in Bois-Colombes, Île de France, France. The operated system consists of high pressure gas pipelines with pressure exceeding 60 bars (6,000 kPa).
GRTgaz is a public limited company, a subsidiary of the industrial group ENGIE (formerly Gaz de France). It was created on 1 January 2005 in application of European directives on the European electricity and gas market. GRTgaz operates in the regulated energy sector: this means that the rates it charges for its services are public and set by the Government. Its activities are monitored by the Energy Regulatory Commission (CRE). Its board of directors is made up of representatives of the Government and of personnel, independent directors and representatives of the ENGIE Group.
Thierry Trouvé has been CEO of the company for April 26, 2013, taking over from Philippe Boucly.
Even though the GRTgaz activity is a natural monopoly, the company does not manage all natural gas transmission in France: TIGF, an affiliate of the Snam / GIC / EDF consortium manages the transmission system in the southwest quadrant of France.
GRTgaz also has an affiliate in Germany, GRTgaz Deutschland (30 employees), which works with Open Grid Europe to operate the MEGAL gas pipeline connecting the Czech Republic, Germany, Austria and France. The pipeline notably supplies natural gas to southern Germany and France.
GRTgaz has a dual role:
GRTgaz has a public service role: it guarantees a continuous supply of natural gas, even in times of extreme cold. Under French law, even in the event of exceptionally cold conditions, as may occur every 50 years, the transmission system must be able to meet peak consumer demand. The law defines this concept of exceptionally cold conditions as follows:
Currently, these temperatures, as calculated from previous winters, are around -1.5 °C on average across France, with a minimum of -18.1 °C and a maximum of -1 °C, depending on the location.
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Wikipedia