Vemex

Vemex is a Gazprom-controlled natural gas trading company in the Czech Republic. In addition to the Czech Republic, the company also operates in Slovakia.

Vemex s.r.o.
Private
IndustryOil and gas
Founded2001
Headquarters
Prague
,
Czech Republic
Key people
Vladimir Ermakov (CEO)
ProductsNatural gas
ServicesDistribution of natural gas
Revenue2,895,935,000 Czech koruna (2017) 
-7,331,000 Czech koruna (2017) 
-258,156,000 Czech koruna (2017) 
Total assets330,314,000 Czech koruna (31 December 2017) 
Number of employees
19 (2017) 
ParentGazprom
SubsidiariesVemex Energo, s.r.o.
Websitewww.vemex.cz

The shareholders of Vemex are:

Vemex has around 10–12% of the Czech gas market.[1] The major clients are the Prague gas utility Pražská plynárenská, the Spolana chemical producer, and the steel manufacturer Vitkovice.[2]

In 2007, Vemex signed a five-year contract with Gazprom for annual deliveries up to 500 million cubic metres of gas.[3][4] Together with the Czech natural gas producer MND, a shareholder of Vemex itself, the company plans to build a natural gas storage facility in the eastern part of the Czech Republic.[5] As of 2013 the plat is still active.[6]

In 2010, the company announced its plan to enter the Slovak market through its subsidiary Vemex Energo, s.r.o.[7] In September 2009, the company announced it would like to lease a part of Ukrainian underground storage capacities.[1]

See also

References
  1. "Gazprom chce zvýšit svou přítomnost na ukrajinském trhu s plynem přes českou firmu" [Gazprom wants to increase its presence in the Ukrainian gas market through the Czech company] (in Czech). Mediafax. 2009-09-21. Retrieved 2010-07-21.
  2. Kominek, Jiri (2009-03-23). "Russian Energy Companies Expand Their Operations in Central Europe". Eurasia Daily Monitor. The Jamestown Foundation. Retrieved 2010-07-21.
  3. "Gazprom signs term gas deal with Czech Vemex". Reuters. 2007-10-11. Retrieved 2010-07-21.
  4. "Vemex. About Us and Natural Gas". Leaders Magazine (5). 2009. Retrieved 2010-07-21.
  5. "Vemex and MND to build gas storage facility in the Czech Republic". Energy Business Review. Datamonitor. 2008-04-21. Retrieved 2010-07-21.
  6. Parlamentní listy: GAZPROM a MND podepsali Protokol o výstavbě nového podzemního zásobníku plynu
  7. "Slovakia: Vemex Energo enters Slovak natural gas market". Polish News Bulletin. 2010-06-09. Retrieved 2010-07-21.
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