Company
RAG Austria AG is Austria’s largest energy storage company, and one of Europe’s leading gas storage facility operators. Our business focus is market driven storage, conversion and conditioning of energy in gaseous forms.
The company has gas storage capacity of about 6.4 billion cubic metres of natural gas, or about 6% of total capacity in the EU. A large part of RAG’s gas fields have already been converted into storage facilities, which can rapidly discharge stored energy in large quantities on-demand. In this way RAG is delivering on its vision of “sustainable energy mining”, and decisively reinforcing security of supply in Austria and Europe.
Partnerships / Joint Ventures
Haidach natural gas storage facility
The Haidach natural gas storage facility was developed, planned and constructed by RAG under its own concession and project management. Since commissioning, RAG has been responsible for comprehensive technical operations management. The German SEFE Group (SEFE Securing Energy for Europe GmbH and SEFE Energy Holding GmbH) holds a stake of around 56% in the storage facility. The capacities of the Haidach storage facility are marketed by SEFE Storage GmbH and RES.
7Fields natural gas storage network
The 7Fields natural gas storage network was also developed, planned and built by RAG under its own concession and project management. RAG has been responsible for all technical operations since then. The German company Uniper Energy Storage holds a stake of around 50%. The capacities of the 7Fields storage network are marketed by Uniper Energy Storage GmbH and RES.
Silenos Energy Geothermie Garching-Alz
Silenos Energy Geothermie Garching a. d. Alz GmbH & Co KG is a joint venture between RAG and the European construction services provider STRABAG SE. The company combines RAG's decades of underground expertise in geology and deep exploration technology with STRABAG's expertise in power plant and plant construction. The aim is to ensure safe plant operation, extract heat for the local district heating network and, if necessary, expand the plant.
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Core business
The company's main focus is on the storage, conversion and demand-oriented supply of gaseous energy sources. In this way, RAG makes an important contribution to achieving climate targets, the European Union's strategic security of supply objectives and the sustainable supply of energy and raw materials in Austria.
With a working gas volume of around 6.4 billion cubic metres of natural gas, the company operates around 6% of all EU-wide gas storage capacities. RAG processes the energy source for customers and thus provides high-performance, large-volume energy for electricity, heat and mobility as needed – around the clock, 365 days a year.
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Innovation and transformation
A large proportion of the RAG natural gas reservoirs that have been developed have already been converted into underground energy storage facilities that can provide flexible and powerful energy.
In this way, RAG is realising its vision of "sustainable energy mining" and thus significantly strengthening the security of supply in Austria and Central Europe. In the future, the storage facilities will also be able to store green gas and hydrogen on a sustainable and large-scale basis on a seasonal basis, so that it can then be processed at any time and made available with the required output.
For over a decade, RAG has been actively promoting the development and demonstration of seasonal hydrogen storage and energy technologies related to green gas. As long as there is a lack of suitable political framework conditions and investment incentives for the expansion of a hydrogen infrastructure, natural gas will remain an indispensable energy source in the energy mix – especially for industry and electricity generation with combined heat and power plants.
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Markets and customer groups
The company operates primarily in Austria, although the storage facilities' sphere of influence extends far beyond the country's borders. Its most important customer groups include national and international energy suppliers, gas traders, industrial companies and the Republic of Austria, for which it maintains a strategic gas reserve.
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Raw material production & security of supply
In the provinces of Upper Austria and Salzburg, RAG produces natural gas primarily to meet its own and regional gas demand.
Its subsidiary REP GmbH extracts domestic crude oil in Upper Austria in accordance with the highest environmental and safety standards. Regional production reduces dependence on imports, lowers emissions through short transport distances by rail and strengthens domestic value creation.
In addition, RAG operates a strategically important tank farm that enables petroleum and mineral oil importers to store the minimum reserves required by law (mandatory emergency reserves) in order to provide additional security for Austria's supply in the event of an emergency.
Financial performance and key indicators
Key financial figures
The economic performance and key figures presented here include the following RAG Austria AG Group as a whole.
Status: December 2024
| Key financial figures (in million euros) - Group in accordance with IFRS | 2024 |
|---|---|
| Balance sheet total | 711.7 |
| Shareholders' equity | 323.1 |
| Revenues | 704.4 |
| Earnings before interests and taxes (EBIT) | 112.0 |
| Profit after tax | 80.6 |
| Total investments (cash flow from investing activities) | 19.9 |
| Research and development expenses | 11.0 |
| Employees (FTE) | 231 |
Status: December 2023
| Key financial figures (in million euros) - Group in accordance with IFRS | 2023 |
|---|---|
| Balance sheet total | 675.9 |
| Shareholders' equity | 312.2 |
| Revenues | 499.5 |
| Earnings before interests and taxes (EBIT) | 117.1 |
| Profit after tax | 80.5 |
| Total investments (cash flow from investing activities) | 99.2 |
| Research and development expenses | 11.0 |
| Employees (FTE) | 222 |
Figures of storage facilities operated by RAG
TWh, GW, MW ...thermal, calorific value 11,5 kWh/m³
Status: June 2025
| Total storage capacity of storage facilities operated by RAG | ||
|---|---|---|
| Working gas volume | 73.5 TWh | 6.392 mn cu m |
| Max. withdrawal capacity | 32.4 GW | 2,813,900 cu m/h |
| Max.injection capacity | 27.1 GW | 2,359,300 cu m/h |
Figures of production
| Oil production 2024 | 41,991.6 tons |
| Gas production 2024 | 52.6 mn cu m |