PRESS RELEASE
Groningen, April 16, 2008
Annual results 2007 GasTerra B.V.
Net turnover went down by 3.8 per cent to € 17,7 billion, from € 18.4 billion in 2006( - 3.8 per cent). The average selling price per cubic metre was 22.5 cents (2006: 23.0 cents).
GasTerra's sales volume fell slightly, from 78.8 billion m3 (2006) to 77.8 billion m3 in 2007 (-1.3%).
The combination of an inital price decrease and a lower sales volume was not wholly offset by the price increase later in 2007.
This decline was primarly a result of the mild weather during the winter, the warmest ever measured.
Purchases from the "small fields" in the Netherlands were 37.3 billion m3 (2006: 36.2 billion m3) and represent 47.9 per cent of total purchases. From NAM-Groningen 30.4 billion m3 was purchased; 39.1 per cent of the total puchases). These figures illustrates once again the significant contribution of these small fields.
Setting aside unforseen circumstances, GasTerra expects to achieve a sales volume in 2008 of approximately 85 billion m3, with a projected increase in both domestic and export sales compared with 2007. Sales on trading places rose notably in 2007, indicative for further development of the functioning of the liberalised market.
Contact details: Ben Warner, +31 50 364 88 10/+31 6 533 899 43, ben.warner@gasterra.nl
annualreport2007.pdf
annualsocialreport2007ENG.pdf
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