RUSSIAN GAS FOR GERMANY

GAZPROM - October 4, 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 at the 8th St. 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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Background

The 8th St. Petersburg International Gas Forum is being held as part of the Russian Energy Week International Forum.

VNG AG is engaged in natural gas imports, underground storage and consumer supplies in Germany's eastern federal states and in Berlin.

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 volume of some 650 million cubic meters and the daily withdrawal rate of 26 million cubic meters.

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Earlier:

2018, October, 3, 08:45:00 NORD STREAM IS IMPORTANT REUTERS - The Nord Stream 2 gas pipeline is important to secure German energy supplies and Russia is a safe and reliable provider, Thomas Bareiss, Germany’s state secretary for energy, said.

2018, October, 1, 11:15:00 NORD STREAM 2 FUNDING PLATTS - Russia's Gazprom and five European energy companies are committed to fully financing Russia's 55 Bcm/year Nord Stream 2 natural gas link to Germany if no external financing is raised

2018, September, 21, 10:00:00 GERMANY'S LNG TERMINAL REUTERS - Germany will chose where to build a liquefied natural gas (LNG) terminal by the end of 2018 as a gesture to the United States which wants to ship more gas to Europe, the economy minister said.

2018, September, 19, 13:55:00 GERMANY'S GAS MARKET IS OPEN REUTERS - “U.S. liquefied natural gas is coming to Germany. The question is not if, but when,” Brouillette told the mass circulation daily Bild in an interview published on Monday.

2018, September, 10, 12:40:00 GERMANY - QATAR LNG COOPERATION PLATTS - German Chancellor Angela Merkel said there is significant potential for energy cooperation with Qatar, after the Middle Eastern LNG giant's Emir Sheikh Tamim bin Hamad Al-Thani announced plans to invest Eur10 billion ($11.5 billion) in the German economy over the next five years.

2018, August, 31, 11:25:00 RUSSIAN GAS FOR EUROPE UP PLATTS - Russian gas supplies to Europe and Turkey rebounded in August, according to data released by gas giant Gazprom, after a dip the previous month during the planned outage of the main Nord Stream gas pipeline to Germany.

2018, July, 12, 10:40:00 U.S. WANTS GERMANY'S MONEY REUTERS - The Republican president, in Brussels for the NATO summit, took a swipe at Germany for supporting a new pipeline for Russian gas, saying at a pre-summit meeting: “We’re supposed to be guarding against Russia and Germany goes out and pays billions and billions of dollars a year to Russia.”