Continental Gas Storage (CGS) was established to provide non-integrated flexible gas storage and services to customers such as gas producers, power producers, natural gas distribution companies and large end users of natural gas. The company plans on utilizing a proven business model as well as industry standard engineering and procurement technologies to deliver its gas storage services at competitive prices.

Continental Gas Storage BV was established in 2007 and Continental Gas Storage GmbH was established in 2008.

CGS will offer its customers a low-cost unbundled and highly flexible storage product that its customers can deliver at a liquid virtual trading point. This has a number of advantages for the customer because it allows the customer to manage their energy position from a portfolio management perspective. Independence gives CGS a unique position over its competitors by allowing it to offer its customers not only an unbundled high-cycle storage product, but assistance in portfolio management as well.

Please explore our website to learn more about our storage and services and feel free to contact us for more information or in case of questions.

Updates

Continental Gas Storage BV announces entry into agreement to sell its subsidiary Continental Gas Storage Deutschland GmbH to Haddington Ventures LLC of Houston, Texas, USA

We are very pleased to announce, Continental Gas Storage BV (“CGS”, the “Company”) has entered into an exclusive agreement with Haddington Ventures LLC of Houston, Texas, USA (“Haddington”) to sell the Company’s wholly owned subsidiary Continental Gas Storage Deutschland GmbH (“CGSD”) to Haddington Energy Partners IV LP, a fund managed by Haddington (the “Fund”).

The proposed Transaction is subject to further due diligence by Haddington, and it is expected to close by midyear 2011. Once closed, the Transaction will enable the continued development and construction of the Company’s Epe Underground Natural Gas Storage project, located in Germany.

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