Cadent Gas Limited Overview
Pro stress-test →Cadent Gas is the UK's biggest gas distribution network, managing a network of more than 80,000 miles of pipes which transport gas to 11 million homes and businesses. The company serves 50% of UK gas customers through its pipeline system.
Strategic Profile
Pro stress-test →Cadent Gas Limited represents four of the eight gas distribution networks in the United Kingdom. The company backs the introduction of hydrogen as a low carbon alternative to natural gas for the future. The company was acquired in 2017 by a consortium including Macquarie Infrastructure and Real Assets, Allianz Capital Partners, and Qatar Investment Authority, with the consortium controlling 61% equity stake.
Competitive Landscape
Pro stress-test →In the UK, gas distribution is broken down into eight independent networks: two controlled by SGN, one by Northern Gas Networks, one by Wales & West Utilities, and four by Cadent Gas. Cadent's regulatory-protected monopoly within its four regions limits direct competition but subjects it to Ofgem price controls and energy transition pressures.
Industry Context
Cadent Gas Limited operates in Gas Distribution Networks.
Key facts
Founded: 2016 · Headquarters: Coventry, UK · Employees: 6,000 · Revenue: $2.8B