Essent/novogate supply BS|ENERGY

Düsseldorf/Munich, 18.09.2006 - In the next two gas years novogate, in conjunction with Essent, will supply Braunschweiger Versorgungs-AG & Co. KG which is in Germany well-known under the brand BS|ENERGY with low calorific gas in the capacity of principal supplier by way of an innovative supply model. By the end of the gas year 2008 novogate's business volume, including deliveries to other public utilities, will amount to approx. 2.5 TWh per year.

Innovative gas supply models pave the way for low calorific gas supplies to public utilities

Klaus Schuessler, Managing Director of novogate, explained the significance of the transaction thus: 'This gas supply contract constitutes a further expansion of BS|ENERGY's long-term business relations with novogate/Essent. The collaboration in the form of workshops aimed at preparing the structure of the innovative supply operations was a further key element in respect of concluding the deal.'

novogate
novogate is a joint subsidiary of the companies Bayerngas GmbH and Deutsche Essent GmbH, and has its registered office in Munich. The company is constructing a gas procurement platform for public utilities in Munich and Düsseldorf. The Managing Directors of the new company are Ulrich Mayr and Klaus Schuessler.

Essent
Essent is the largest energy supply company in the Netherlands and one of the leading international energy companies with more than 11,500 employees. Essent Energy Trading (EET), the trading arm of Essent, was responsible for structuring the gas procurement and gas delivery. EET is an international asset backed merchant trading company and manages a successful wholesale business with strong growth that focuses on coal, gas, LNG, biological fuels, emissions, electricity, renewable energies and transport. EET has its headquarters in the Netherlands.

If you have any questions please contact:

Eva Wagner
Manager Communication
Deutsche Essent GmbH
Roßstraße 92
D-40476 Düsseldorf
Tel.: 0049-211 60129-165
Fax: 0049-211 60129-100
e-mail: presse@essent.de

18 September 2006

Published: 18 September 2006