04/10/2018

Press release: Gazprom and VNG discuss gas export and storage-related issues

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Ulf Heitmueller, Chairman of the Executive Board of Verbundnetz Gas (VNG), took place today at the 8thSt. Petersburg International Gas Forum.

During the meeting, the parties discussed current issues and cooperation prospects, focusing on, among other things, Russian gas exports to Germany. It was noted that in the first nine months of 2018, Gazprom had supplied Germany with 42.7 billion cubic meters of gas, an increase of 12.3 per cent against the same period of 2017.

Particular attention was paid to joint efforts in the field of underground gas storage (UGS), including the joint project for the Katharina UGS facility in Germany. Currently, its working gas volume exceeds 310 million cubic meters in the six active caverns. As soon as the seventh cavern comes onstream by the 2019–2020 winter season, the UGS facility’s working gas volume will surpass 350 million cubic meters, with the daily withdrawal rate at peak loads reaching 26 million cubic meters during short periods.

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