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 St. Petersburg International Economic Forum 2018.
The parties discussed issues related to the development of Europe’s underground gas storage (UGS) system, including the status of the joint projects – the Jemgum and Katharina UGS facilities in Germany. The two facilities were put into operation in 2013 and 2017, respectively. Work is currently underway on bringing them to their design capacity. The UGS facilities were extensively used to provide European consumers with gas in the 2017–2018 heating season.
VNG AG was the first private gas company established in East Germany. Today, VNG is a part of the VNG Group, which is composed of more than 60 companies engaged in natural gas exploration, production, transmission, storage and trading across Europe.
Gazprom and VNG are working together on the Katharina UGS facility, a joint project implemented on equal terms. When the facility reaches its design capacity in 2025, it will include 12 caverns with the working gas inventories of some 650 million cubic meters.
Gazprom, VNG, and Wingas are jointly implementing the Jemgum UGS project. It is planned to bring the UGS facility to its design capacity of 900–950 million cubic meters in 2019–2020.