Natural Gas Storage Peissen

What Natural Gas Storage Peissen does

Erdgasspeicher Peissen GmbH, trading as UGS Katharina, is a privately held German limited liability company that owns the Katharina underground natural gas storage facility in Bernburg OT Peissen, Saxony-Anhalt. The facility is built on geological mineral salt deposits at 500-700 metres depth using solution mining (leaching), with a planned total of 12 caverns and a working gas capacity of more than 600 million cubic metres. It connects to Europe's gas grid via a purpose-built 37 km pipeline to the JAGAL/YAGAL long-distance network, and can withdraw up to 24 million cubic metres of natural gas per day — capacity sufficient to supply 300,000 households for a full year.

The company serves European energy utilities and suppliers, providing seasonal storage that compensates for consumption fluctuations, delivers peak-demand capacity, and acts as a security-of-supply buffer against transport disruptions or sudden delivery failures. Natural gas is injected during summer months and withdrawn during winter peak periods. The facility is positioned as critical European energy infrastructure, leveraging advanced technical concepts and high safety standards alongside co-location with the adjacent UGS Bernburg storage site.

Erdgasspeicher Peissen GmbH is a 100% subsidiary of VNG Gasspeicher GmbH (VGS), itself part of the VNG Group. Effective 1 April 2026, VGS assumed the role of leaseholder and now handles both the operational management of the facility and the direct marketing of its storage capacities to customers, while EPG retains ownership of the underlying cavern asset. The company is not publicly traded, has no disclosed funding rounds, and operates with a small headcount consistent with an asset-holding entity.

Name

Natural Gas Storage Peissen

Legal name

Erdgasspeicher Peissen GmbH

Website

https://ugs-katharina.de

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Erdgasspeicher Peissen GmbH owns the UGS Katharina underground gas storage facility in Saxony-Anhalt, Germany, featuring 12 salt caverns with 600+ million cubic metres of working gas capacity. The facility serves European energy utilities; operations are managed by parent VNG Gasspeicher GmbH since April 2026.

Ownership category

akta.pro rank

Product category

Underground Natural Gas Storage Infrastructure

NAICS

Pipeline Transportation of Natural Gas (48621)

SIC

Natural Gas Transmission (4922)

akta.pro primary industry

Underground Storage (Salt Caverns, Depleted Reservoirs) (EUALAEAE)

akta.pro secondary industry

Natural Gas Storage Facilities (Underground Storage, LNG Peak-Shaving) (TLAGAKAC)

Keywords

• Underground gas storage
• Natural gas storage facilities
• Cavern storage operations
• Gas storage capacity marketing
• Energy infrastructure services

Headquarters

HQ city

Halle

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D

Distribution channels1 record

Core offering

Erdgasspeicher Peissen GmbH owns the UGS Katharina underground natural gas storage facility in Peissen near Bernburg, Germany. The facility consists of 12 caverns created by drilling and solution mining in underground mineral salt deposits at 500–700 metres depth, providing more than 600 million cubic metres of working gas capacity and a daily withdrawal capacity of 24 million cubic metres. Storage capacity is marketed to European energy utilities and suppliers to compensate for seasonal consumption fluctuations and ensure security of supply.

Product overview

Erdgasspeicher Peissen GmbH operates the UGS Katharina underground natural gas storage facility as its core product, consisting of 12 caverns with over 600 million cubic metres of working gas capacity. The facility stores natural gas during summer months and delivers it during peak winter periods to ensure security of supply across Europe. The company is a 100% subsidiary of VNG Gasspeicher GmbH (VGS), which has been the leaseholder and operator since April 2026, handling both storage operations and capacity marketing directly.

Differentiator

Problem solved

Functional benefit

Products and services

• UGS Katharina Underground Natural Gas Storage Facility Underground natural gas storage facility (Hohlraumspeicher) in Peissen near Bernburg, Saxony-Anhalt, Germany. Consists of 12 caverns created by drilling and solution mining in underground mineral salt deposits at 500–700 metres depth, with a working gas capacity of more than 600 million cubic metres supplied to European energy utilities and suppliers.
• Natural Gas Storage Capacity Marketing Marketing of storage capacity for the UGS Katharina facility, providing reliable natural gas supply to Europe and ensuring security of supply by compensating for seasonal consumption fluctuations and meeting peak winter demand. Handled directly by VNG Gasspeicher GmbH as the contractual partner for customers.

Quantifiable outcome

• 300,000 households can be supplied for a full year with natural gas stored in the facility
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• VNG Gasspeicher GmbH (VGS)coreStrategic or Co-development PartnerVNG Gasspeicher GmbH is the parent company (100% shareholder) and leaseholder of the Katharina underground gas storage facility. Since 1 April 2026, VGS operates the storage facility and markets storage capacities directly, acting as the contractual partner for customers. The facility is owned by Erdgasspeicher Peissen GmbH.

Scale indicators5 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• TotalEnergies Gas & Power: Operates underground gas storage capacity in Europe as part of a broad energy portfolio. Comparable storage assets but not focused on a single storage business.
• Equinor Storage AS: Norwegian major with European underground gas storage operations. Comparable storage business but embedded within a broader upstream and energy company portfolio.

Direct peers

• VNG Gasspeicher GmbH: Parent company of Erdgasspeicher Peissen GmbH and direct operator of multiple German underground gas storage facilities including Bad Lauchstädt. Operates the same salt cavern storage business model in the same geography.
• Storengy Deutschland GmbH: German subsidiary of ENGIE operating underground gas storage facilities (both salt cavern and depleted reservoir). Direct competitor in the German underground gas storage market with similar customer base of utilities and traders.
• astora GmbH: One of Europe's largest operators of underground gas storage, including salt caverns at Epe, Jemgum, and Harsefeld in Germany. Directly comparable salt cavern storage operator serving European utilities and traders.
• RWE Gas Storage West GmbH: Subsidiary of RWE operating underground gas storage facilities in Germany, focused on salt cavern storage. Direct competitor with comparable cavern-based technology and European utility customer base.
• Uniper Energy Storage: Operates multiple large underground gas storage facilities in Germany, including salt cavern assets. Direct competitor serving European gas utilities and traders with similar cavern-based infrastructure.
• E.ON Gas Storage: Subsidiary of E.ON operating underground gas storage facilities across Europe. Directly comparable storage operator serving the same European utility and industrial customer segments.

Regional players

• MET Holding AG: Swiss-headquartered energy company with underground gas storage operations in Central Europe. Comparable storage operator serving similar European customers but with different geographic footprint.
• Nafta a.s. Slovak underground gas storage operator with significant salt cavern and depleted reservoir capacity. Comparable storage operator but focused on the Central European market with different pipeline connectivity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/erdgasspeicher-peissen-gmbh

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Natural Gas Storage Peissen