Prime-Tass English-language Business Newswire
September 22, 2004
Gazprom says to store 62.5 bcm of gas underground by Oct 15
MOSCOW, Sept 22 (Prime-Tass) — Russia’s natural gas monopoly Gazprom
is to pump 62.5 billion cubic meters of gas into its underground gas
storage facilities by October 15 to ensure the company can meet
domestic gas demand and continue gas exports in the period between
September 2004 and February 2005, the company said in a press release
Wednesday.
Gazprom currently has 24 underground gas storage facilities in Russia
and takes lease of some gas storage facilities in Ukraine as well.
Gazprom is also a shareholder in several foreign companies that
operate underground gas storages in Latvia, Armenia and Germany.
Gazprom is currently building three storage facilities in Russia’s
exclave Kaliningrad Region, its constituent republic of Udmurtia, and
the Volgograd Region.
Under intergovernmental agreements the company is conducting
geological and technical explorations to build another gas storage
facility in Romania.
At present Russian underground gas storage facilities are able to
provide up to 550 million cubic meters of gas daily. This figure is
expected to increase by 16 million cubic meters in December
2004-February 2005. End