Press releases pg. 5

The first floating LNG terminal was put into operation today at Eemshaven, the Netherlands, in the presence of representatives of the Czech and Dutch governments and ČEZ. It is the first facility of its kind launched in Europe since the start of the war in Ukraine. The LNG terminal was built and commissioned in just a few months. The facility will be able to process as many as eight billion cubic metres of gas per year. Of that, three billion are earmarked for the Czech Republic – a volume equal to approximately one-third of the country’s annual consumption. The Ministry of Industry and Trade, in cooperation with ČEZ Group, had secured in advance both the lease of a portion of the new terminal’s capacity as well as the routes for transporting the gas to the Czech Republic. At this point, the first cargo of gas is on its way from the United States. The rest of the capacity of the terminal operated by the Dutch company Gasunie will be used by Shell and Engie.

Today, CEZ Group signed an agreement with Torunlar Enerji Sanayi ve Ticaret A.Ş. and with Başkent Doğalgaz Dağıtım Gayrimenkul Yatırım Ortaklığı A.Ş. (Torunlar Group) on the sale of its 50% stake in AKCEZ Enerji A.Ş. (AKCEZ), owned in a joint venture together with the Turkish partner AKKÖK Holding A.Ş. (AKKÖK). AKCEZ comprises of three subsidiaries that deal with electricity distribution, energy sales and energy services. The transaction is subject to approval by the Turkish antitrust authority and the local energy regulator. The settlement of the transaction is also subject to having an agreement on financing.

Two strong brands from two neighboring countries have come together on the way to the modern emission-free energy of the future. U. S. Steel Košice, a subsidiary of the global steel giant UNITED STATES STEEL CORPORATION, and ČEZ, the Czech leader in the field of modern energy and decarbonization, have entered into a non-binding memorandum of cooperation to form strategic partnership until 2025 with the possibility of extension. The memorandum concerns cooperation in the field of emission-free electricity, the construction of renewable sources, energy efficiency and savings, and the development of climate-friendly innovative solutions.

The investor group engaging with CEZ Group in the framework of Climate Action 100+ (Kempen, Generali Investments, NN Investment Partners, Northern Trust Asset Management, Robeco) have welcomed the announcement (see press release) that the Science Based Target Initiative has validated the 2030 targets of the CEZ Group as being aligned with a “well below 2°C” Paris Agreement goal.