Petroleum storage company

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The Erdöl-Lagergesellschaft mbH (ELG - "The Central Storage Agency of the Republic of Austria") is an Austrian storage company for crude oil and petroleum products and secures the strategic oil reserve . The company is based at the crude oil warehouse in Lannach , Styria.

history

In 1970 the Adria-Wien Pipeline (AWP) was put into operation and a new refinery in Lannach was planned during the planning phase. After population protests against the construction, the site was used to build a tank farm

The tank farm is connected to the AWP's Wohlsdorf pumping station with a 14 km long 16 "(406 mm) branch line .

The ELG was founded in 1976 as a result of the first oil shock in 1973 and 1974 on the basis of the "International Energy Program 1974" (IEP) - this obliges the member states to provide for 90 days of crisis - and the domestic oil stockpiling and reporting law based on it (EBMG, 1982) founded to secure Austria's energy supply. The current basis for the company's business activities is the Petroleum Stocking Act 2012 (EBG) on the keeping of minimum stocks.

assignment

In addition to the obligation under the IEP, Austria is also obliged by joining the European Union (EU) to keep minimum stocks of an amount that corresponds to the average domestic consumption of 90 days in the previous calendar year. The 90-day stockpiling obligation is achieved through the obligation to hold 25% of the import of crude oil and petroleum products in the previous year as mandatory emergency reserves (PNR) from April 1st of each year.

As the legal warehouse keeper, the petroleum storage company assumes storage obligations for importers with a discharging effect. In addition, it also works as a competence center in all matters relating to stockpiling, such as information, advice, support and international contacts.

Shareholder

ELG shareholders are:

  • 55.6% - OMV Refining & Marketing GmbH
  • 23.1% - BP Europa SE branch BP Austria
  • 16.7% - SHELL AUSTRIA GmbH
  • 04.6% - ENI Austria GmbH

Holdings

“To deepen existing and to conclude new cooperations with companies active in the mineral oil market and the associated use of synergies, subsidiaries were founded that operate independently, but are under the uniform management of ELG.

  • ELG Asset GmbH, Lannach, 100% share
The business purpose of ELG Asset GmbH (ELAG) is, in addition to the planning and construction of tank farms and the acquisition, maintenance and inventory as well as the utilization of land and buildings, above all the storage of crude oil, crude oil products and biogenic heating and fuel.
  • ELG Beteiligungs GmbH, Lannach, 100% share
The primary business purpose of ELG Beteiligungs GmbH (ELBG) is the establishment of companies for the common use of tank farms, the acquisition and management of investments and the rental of tank farms and other properties.
  • Erdöl-Tanklagerbetrieb GmbH, Vienna, share 100%
The business purpose of Erdöl-Tanklagerbetrieb GmbH (ETLB) is the operation, planning and construction of tank farms and, in particular, the maintenance of mandatory emergency reserves owned by ELG or other stockholders (PNR).
  • TLM Tanklager Management GmbH, Linz, share via ELBG 51%
TLM is a joint venture with BP Europa SE. The object of the company is in particular the storage of crude oil, crude oil products and biogenic heating and fuels in the context of crisis stockpiling and the operational management of tank farms for the purpose of supplying the mineral oil market. "
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Web links

Individual evidence

  1. ↑ Lannach ascent to one of the richest municipalities in Styria at www.obl-lannach.at (Lannach open list of citizens), accessed on July 28, 2018
  2. ^ Stenographic report of the 44th session of the Styrian Landtag, VI. Period - February 26, 1969 (pdf), pp. 1, 6; Question No 232.
  3. ↑ Aurelia Jurtschitsch (Ed.): Organic pioneers in Austria: forty-four lives in the service of organic farming . Böhlau, Vienna 2010, p. 28 ( online at Google Books ).
  4. ↑ Statements by the Minister of Commerce on environmental pollution, the failure of the Lannach refinery project and new factors in the rise in gasoline prices (MP3 audio file, 5:42 min.), Interview with Minister of Commerce Staribacher on February 22, 1971 (broadcast on ORF)
  5. ↑ Robert Kriechbaumer, Oliver Rathkolb (ed.): Austrian national history after 1945: The mirror of memory, the view from within . Böhlau, Vienna 1998, p. 545-546 ( online at Google Books ).
  6. ^ Shareholders of ELG, at www.elg.at, accessed on July 28, 2018
  7. ↑ ELG Group - corporate structure