Liechtenstein gas supply

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Liechtenstein gas supply - information board at the gas filling station in the Vaduz industrial park

The company Liechtensteinische Gasversorgung (abbreviation: LGV) is an institution under public law and is responsible for supplying the Principality of Liechtenstein with natural gas. The seat is in Schaan . The LGV is 100% owned by the state. According to Art. 78 Para. 4 LV in conjunction with the LGVG, the Liechtenstein gas supply is under the supervision of the government of the Principality of Liechtenstein .

The institution's capital of CHF 34.9 million is not divided into shares. The country of Liechtenstein is the sole shareholder.

The LGV provides services in connection with its purpose in Liechtenstein and abroad.

Liechtenstein gas supply - gas filling station in the Vaduz industrial park - south-east side

Sales and profit development

The LGV supplies over 4,000 end customers in Liechtenstein, with the number increasing every year.

Development of the number of LGV customers from 2007 to 2012
3801
3948
4045
4116
4209
4311
2007 2008 2009 2010 2011 2012

The LGV is to be managed according to generally recognized business management principles. In the long term, it has to strive for economic viability. A part of the net profit is to be added to a legal reserve (in accordance with Art. 309 Personal and Company Law ). The remaining part of the net profit will be used according to the ownership strategy set by the government. According to the owner strategy of September 24, 2013 for the Liechtenstein gas supply, this should guarantee the Liechtenstein population and the economy a safe, inexpensive and environmentally friendly supply of gas and thermal energy .

In 2012, the LGV sold 300.4 million kWh of energy from natural gas (2.6 million kWh of which was biogas). The natural gas was obtained from the delivery group of E.ON Ruhrgas AG , Essen and Gasversorgung Süddeutschland GmbH , Stuttgart . In terms of energy content, the purchase of natural gas corresponds to around 24% (2011, in 2012 around 22%) of all energy sources used in Liechtenstein (electricity: 29%).

All figures in millions of CHF and commercially rounded . Data taken from the annual reports of the LGV 2007 to 2012.

year Net sales Annual profit
2007 28,884,240.50 −468,182.36
2008 37,891,097.60 1,976,640.47
2009 27,005,173.00 −573,891.91
2010 29,342,743.15 761,963.02
2011 29,734,583.55 1,890,706.86
2012 28,730,988.65 671,111.57

Development of the number of employees

The number of LGV employees in Liechtenstein is relatively stable in relation to business activity and the expansion of tasks:

Development of the number of employees at LGV 2007 to 2012
14th
13
12
12
12
13
2007 2008 2009 2010 2011 2012

Legal basis

The legal basis for the Liechtenstein gas supply is based on the law of 3 July 1985 on the Liechtenstein gas supply (LGVG). Unless the LGVG contains any deviating provisions, the provisions of the Act on the Control and Monitoring of Public Enterprises and the Law on Persons and Companies must also be applied to the LGV .

Technical tasks

The LGV's technical tasks are: to supply domestic end consumers with natural gas and to secure the gas supply.

The LGV can carry out all activities related to this purpose and participate in companies in Germany and abroad and establish or acquire such in Germany.

In connection with the expansion of the LGV's activities from gas supply to local heating supply, in particular with combined heat and power units , only due to the revised owner strategy, the political and legal question has already been asked whether this is still covered by the legal basis.

organization

organs

As an institution under public law in accordance with LGVG, the Liechtenstein Gas Supply consists of the following bodies:

Board of Directors

The board of directors consists of five, up to a maximum of seven, members and is appointed by the government, with special expertise in connection with the activities of the LGV being represented on the board of directors.

The tasks of the board of directors are:

  • the management of the LGV;
  • the enactment and amendment of the statutes;
  • the determination of the organisation;
  • financial planning and financial control, insofar as this is necessary for the management of the company;
  • the election, supervision and dismissal of the members of the executive board;
  • the implementation of the ownership strategy decided by the government;
  • the preparation of the annual budget, the annual report and the annual accounts.
  • Conclusion of contracts for gas procurement with gas suppliers, approval of the gas supply concept and resolution on its implementation as well as the associated investments.

The tasks of the board of directors can be described in more detail and also expanded in the statutes. The board of directors is the operational body of the Liechtenstein gas supply and usually acts as a collective body. The board of directors makes the fundamental decisions about the company's activities.

As a rule, the Board of Directors has a quorum with a majority of its members and passes resolutions with a simple majority of votes (with exceptions).

The Chairman of the Board of Directors of Liechtenstein Gas Supply is currently Patrick Kranz from Vaduz .

Secretariat of the Board of Directors

According to Item 6 of the Articles of Association, the Board of Directors can elect a secretary who does not have to be a member of the Board of Directors.

Managing directors

The management consists of two people and is determined by the board of directors after a public tender.

The management is responsible for the operational management of the LGV. The organization, tasks and powers of the management are set out in organizational regulations.

The main task of the management is to manage the operational business for the benefit of the company. The management represents the company externally, unless the Board of Directors determines otherwise.

Auditor

The auditor (control body) examines the company's business in accordance with the PGR and the establishment's articles of association. The government elects a recognized auditing company within the meaning of the law on auditors and auditing companies as auditors for one year.

Organizational regulations

The activities, tasks and competencies of the management of the LGV are regulated by the Board of Directors in accordance with Art. 10 of the Articles of Association and by means of organizational regulations, taking into account the owner's strategy and the relevant statutory norms. The current organizational regulations were issued on July 8, 2010 and replace all previous regulations.

The Board of Directors can issue further regulations, which at least have to be signed by the Chairman of the Board of Directors and the Chief Executive Officer.

Infrastructure

The LGV has a pipeline network in Liechtenstein in the areas of high, medium and low pressure of around 402 km.

There are three pressure reducing measuring stations in the high pressure area. The expansion and maintenance of the low-pressure network is the most investment-intensive area for LGV every year.

Development of energy imports of natural gas by LGV 2007 to 2012 in million kWh:
381.2
401.2
316.9
333.7
295.2
300.4
2007 2008 2009 2010 2011 2012

Alarm station

According to Art. 25, Paragraph 2 of the Pipeline Act, the Liechtenstein gas supply is an alarm center, which must be notified immediately if a gas system is defective (in addition to the supervisory authority).

Web links

literature

Individual evidence

  1. ↑ This abbreviation is not an officially used abbreviation according to LGVG, LGBl 59/1985.
  2. ↑ Entry on December 3, 1985 in the commercial register with the commercial register number: FL-0001.096.569-4.
  3. ↑ Art 2 LGVG. See also item 3.1 of the owner strategy of September 24, 2013 for the Liechtenstein gas supply (LGV), which the government issued on the basis of Art 16 of the Public Company Control Act .
  4. ↑ Art. 1 Para. 2 LGVG in conjunction with Art. 2 Articles of Association of July 8, 2010.
  5. ↑ Law of 3 July 1985 on the Liechtenstein Gas Supply (LGVG), LGBl 59/1985.
  6. ↑ Art 19 LGVG in conjunction with Art 78 para. 4 LV .
  7. ↑ See Art 4 Articles of Association. The institution's capital was increased in 1992 from CHF 5 million to 34.9 million.
  8. ↑ Art 6 LGVG.
  9. ↑ Art 2 para. 2 lit. c) LGVG.
  10. ↑ Art. 21 LGVG, Art. 22 Articles of Incorporation and Item 3.3 of the owner strategy.
  11. ↑ Art. 24 LGVG, Art. 14 Articles of Association.
  12. ↑ See also point 3 of the owner strategy.
  13. ↑ LGV Annual Report 2011, p. 7.
  14. ↑ LGBl 59/1985.
  15. ↑ Art. 1 para. 3 LGVG.
  16. ↑ Art 1 of the Articles of Association.
  17. ↑ Art 3 Articles of Association.
  18. ↑ Art 2 LGVG, Art 3 statutes.
  19. ↑ Small question of June 19, 2013 by the Vice President of the State Parliament, Violanda Lanter-Koller, to the government and response from Deputy Prime Minister Thomas Zwiefelhofer of June 21, 2013 Small question - State Parliament . See also LGV Annual Report 2012, p. 12.
  20. ↑ Art 7 LGVG, Art 5 statutes.
  21. ↑ Art 8 LGVG.
  22. ↑ Art. 8 LGVG, Art. 6 Articles of Association, Item 2.1 of the Organizational Regulations.
  23. ↑ Art. 10 LGVG, Art. 9 Articles of Association, Item 2.8 of the Organizational Regulations.
  24. ↑ In accordance with Art. 18 of the Articles of Association, the members of the Board of Directors (and the management) subscribe collectively, at least in pairs. Regarding the signing authority of the members of the board of directors and the management: Item 6.1 of the organizational regulations.
  25. ^ Art. 9 Articles of Association, Item 2.1 of the Organizational Regulations.
  26. ↑ Art 7 statutes. According to Item 2.3 of the Organizational Regulations, at least four members of the Board of Directors must be present and the Chairman of the Board of Directors has a casting vote in the event of a tie.
  27. ↑ Art. 11 para. 1 LGVG. Art. 10 Articles of Association, Item 3.3 of the Organizational Regulations.
  28. ↑ Art. 19 Articles of Association, Item 3.2 of the Organizational Regulations.
  29. ↑ Art 11 para. 2 LGVG. Art 10 para. 2 Articles of Association.
  30. ↑ Art 11 Articles of Association.
  31. ↑ Art 15 LGVG, Art 12 Articles of Association.
  32. ↑ Point 6.3. of the organizational regulations.
  33. ↑ See annual reports .
  34. ↑ Pipeline Act of 3 July 1985 (law on pipeline systems for the transport of liquid or gaseous fuels), LGBl 60/1985.