Teréga

May 22, 2019

Strong results in 2018 support the strategic plan for operational excellence to promote energy transition.

In 2018, Teréga, France's leading independent gas transporter, recorded growth of 1 % and generated revenues of €476m, in line with its targets.

With the start of storage facilities regulation, in 2018 Teréga became a 100% regulated company. This regulation improves Teréga's risk profile, but means a significant drop in revenue tied to storage activity: - 13% from 2017 for €154m in turnover. Nevertheless, the successful sales campaigns surrounding storage capacities reflect the strong performance of this activity.Transport activity recorded over 9% growth for €322m in turnover. This increase is mainly thanks to the award of a €15m European grant supplement for the Béarn pipeline project.