CMS advises Gasunie on acquisition of stake in EUGAL pipeline project

Stuttgart – Distribution network operators Gasunie Deutschland Transport Services GmbH, GASCADE Gastransport GmbH, Fluxys Deutschland GmbH and ONTRAS Gastransport GmbH have signed a fractional ownership agreement for the EUGAL pipeline project (European Gas Pipeline Link). Gasunie Deutschland, Fluxys Deutschland and ONTRAS will each receive 16.5% of the shares in the project and future pipeline. GASCADE retains a 50.5% share and will continue to act as the lead project manager.

The European Gas Pipeline Link (EUGAL) is being built to handle gas from the proposed Russian-German Baltic pipeline Nord Stream 2. It will extend over some 485 kilometres, running from the Baltic Sea through Mecklenburg-Western Pomerania and Brandenburg to southern Saxony and from there over the border into the Czech Republic. The first pipeline string is scheduled for completion at the end of 2019.

A CMS team led by Dr Jochen Lamb and Dr Friedrich von Burchard advised N.V. Nederlandse Gasunie and Gasunie Deutschland on all legal aspects of the acquisition.

As a subsidiary of N.V. Nederlandse Gasunie, Gasunie Deutschland is responsible for management, operation and development of a distribution network with a length of around 3,800 kilometres in North Germany. Due to its geographical location, the Gasunie pipeline network, which totals more than 15,500 kilometres across the Netherlands and Germany, serves as a gas hub for North-Western Europe.

In Germany, GASCADE operates a pipeline system with a total length of around 2,400 kilometres. GASCADE’s network directly connects five European countries. The company is a joint venture between BASF subsidiary Wintershall and the Russian Gazprom Group.

CMS Germany

Dr Jochen Lamb, Lead Partner, Corporate/M&A
Dr Friedrich von Burchard, Lead Partner, Energy/Regulation
Dr Thomas Brunn, Partner
Dr Carolin Armbruster, Counsel
Martina Meier, Senior Associate, alle Corporate/M&A
Dr Christian Friedrich Haellmigk, Partner, Competition
Dr Fritz von Hammerstein, Partner
Dr Hans Fabian Kiderlen, Counsel
Dr Clara Volkert, Associate, alle Real Estate and Public
Dorothee Janzen, Partner, Commercial
Dr Reimund Marc von der Höh, Senior Associate, Energy/Regulation

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