Taqa appoints new midstream boss
Posted: 12 February 2008
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The Abu Dhabi National Energy Company (Taqa) has appointed Klaus Reinisch as the new global Head of Midstream.
Klaus Reinisch will be responsible for expanding Taqa’s current midstream energy portfolio world-wide and delivering increased returns by capitalising on midstream synergies within the company’s global upstream and power generation assets, the company has announced.
“With our global portfolio of energy assets and our continued growth and appetite for investments in diversified segments of the value chain, Taqa is already growing into a world-class energy company, linking and optimizing all of our assets to deliver better returns and lower risk profiles on our investments,” said Peter Barker Homek, CEO, Taqa.
“I am looking forward to playing an integral role in helping Taqa grow its portfolio globally, but also in delivering and monetizing synergies from existing assets and targeted investments and acquisitions in the midstream sector,” said Reinisch.
Klaus will focus initially on Europe and Canada where the majority of Taqa’s midstream assets are currently located including the Peak Gas Storage Installation at Alkmaar and the Bergermeer Gas Storage project at Taqa Energy in the Netherlands as well as Taqa North’s long-term pipeline, storage and gas processing investments in North America.
Klaus will focus on growing Taqa’s midstream infrastructure portfolio with strategic acquisitions and investments that complement the company’s global strengths, the company said. |
