BUSINESS IN SHORT

ČEZ to enter Slovak natural gas market

THE CZECH energy group ČEZ plans to enter the Slovak natural gas market. The company expects to start selling natural gas in Slovakia at the beginning of 2011 and says its campaign to win customers will start this summer.

THE CZECH energy group ČEZ plans to enter the Slovak natural gas market. The company expects to start selling natural gas in Slovakia at the beginning of 2011 and says its campaign to win customers will start this summer.

“ČEZ started offering gas to corporate clients in the Czech Republic at the end of last year and, based on a very positive response, we are preparing to enter the gas market also in Slovakia. ČEZ wants to extend the offer of natural gas to Slovakia,” said the company’s spokesperson, Eva Nováková, as quoted by SITA.

ČEZ is now building the necessary infrastructure in Slovakia and setting up a team of domestic natural gas specialists.

Currently, natural gas suppliers to final consumers in Slovakia include SPP, RWE Gas Slovensko, and Shell. The company Vermex Energo, connected with Russia's Gazprom, has also been preparing to enter the Slovak market.

The ČEZ group pursues business in more than a dozen countries in central and south-eastern Europe. It is central Europe’s largest energy utility, with more than 9 million customers.


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