Gazprom, Wingas to boost underground gas storage
Gazprom and Germany’s Wingas AG intend to boost their joint underground gas storage capacity to 8 billion cubic meters, the Russian energy giant’s chief executive said on Tuesday.
Alexei Miller said Gazprom was implementing two underground storage facility projects and could launch two more similar projects in Britain and Germany in the near future. Meanwhile, Alexander Medvedev, deputy chairman of the Gazprom management committee, said the joint underground gas storage capacity could be increased by 2010. Wingas is a joint venture of Wintershall, Germany’s largest crude oil and natural gas producer, and Gazprom. Wingas has been engaged in gas distribution since 1993 and supplies natural gas to public utilities, regional gas suppliers, industrial and power plants in Germany and other European counties via network pipelines extending over 2,000 kilometers (1,242 miles). (rian.ru)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.