Russia’s Gazprom told underground storage facility in Germany to be expanded in 2014

February 7, 2014

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Dr. Karsten Heuchert, Chairman of the Verbundnetz Gas Executive Board, Gazprom’s press service reported on January 6.

The parties addressed the cooperation between the two companies placing an emphasis on the interaction in the area of underground gas storage. It was highlighted that the construction of the Katharina underground gas storage (UGS) facility was progressing according to schedule. It is expected that the third salt cavern will be brought onstream in the fourth quarter of 2014. In this way, the UGS working capacity will rise 50 per cent (up to 170 million cubic meters).

Erdgasspeicher Peissen, a joint venture of Gazprom Export and Verbundnetz Gas is responsible for the construction of the Katharina UGS facility, which is anticipated to strengthen the reliability of natural gas supply to Western Europe, including via the Nord Stream gas pipeline.

Source: Gazprom Press Office, 2014