We are investing in the security of supply of NRW.
The construction of new pipelines and compressors is always a strategic decision as well. Our network can already supply North-Rhine Westphalia with gas from four sources: the Netherlands, Norway, the United Kingdom and Russia. In contrast to other networks which rely substantially on a single supply source, this means additional security of supply for the population of our country.
EUR 450 million in investments in the future.
We will be investing this amount in the expansion of our network in the coming years. In doing so, we are following a clear strategy. The low-calorific gas supplies from the Netherlands will decrease and the significance of domestic sources will decrease further. At the same time, the worldwide gas trade is undergoing a fundamental transformation. LNG tankers transport liquid gas around the globe like petroleum.
With our new ZEELINK 2 pipeline through the Belgian community of Eynatten near Aachen, we are linking the important LNG ports in the Netherlands and Belgium to our network so that our customers can always obtain the most inexpensive gas from around the world.
At the same time, we are linking to Greifswald on the Baltic Sea with the new BALTIC LINK pipeline. An important pipeline supplying Russian gas comes across the Baltic Sea there.
Competition for an inexpensive energy supply.
The two new pipelines in combination ensure that North-Rhine Westphalia can obtain its gas requirements in two completely independent ways. Additional Russian gas can compensate for the decrease from other sources and will be independent of political developments in transit countries. At the same time, we will avoid the one-sided dependence of other gas networks on Russia and open the gateway to the entire world for our customers through the LNG ports.
The industrial location of North-Rhine Westphalia can rely on secure supply and prospers thanks to an inexpensive price for energy.
Thyssengas was and is a pioneer in many areas.
The industrial location of North-Rhine Westphalia has been profiting from this for nearly a century. Germany's first long-distance gas pipeline was built by Thyssengas in 1921 and was one of the arteries for the industrial heart of Germany. Almost one hundred years later, many things have changed but energy remains the prerequisite for a healthy economy, modern infrastructure and prosperity.
If there are opportunities for progress then we take advantage of them.
We enjoy our role as a pioneer in technical as well as strategic areas.
In 2011, for instance, we were the first network operator able to reposition itself independently from an energy company.
The development to date: With 4,400 kilometres and nearly 1,100 exit points, we supply the distribution networks of communities, industrial facilities and power plants from the Dutch border to Sauerland and from the gas supplied from the North Sea coast to Cologne/Bonn. No one can offer transmission customers a greater number of exit points.