RAG is Austria’s oldest established exploration, production and gas storage company. Our core areas of business are oil and natural gas exploration, production and gas storage.
A joint venture between RAG, Gazprom and Wingas operates the Haidach gas storage facility, and another, with Uniper, runs the 7Fields storage facility. Both facilities straddle the border between the provinces of Salzburg and Upper Austria. Through its own storage capacity and its activities as an operator, RAG makes a major contribution to security of supply in Austria and in Central Europe as a whole, with a working gas volume of around 6 billion cubic metres.
Drilling operations and other services closely related to our core business – as well as projects focused on renewables such as geothermal energy – complete RAG’s portfolio of activities.
Since it was established RAG has produced around 16 million tonnes of crude oil and 26 billion cubic metres of natural gas. Core business operations are focused on Austria, Germany and Hungary.