Russia's Gazprom is taking steps to ensure the provision of gas from subsurface storage units to the European market this winter.
The company also plans to increase its storage capacity by as much as five percent of the annual supply for export, the Voice of Russia reports.
"As of today, Gazprom has access to subsurface storage in Austria, Great Britain, Germany and Serbia," a company statement said, according to Voice of Russia. "Currently, Gazprom can store five billion cubic meters of gas in European storage."
Alexei Miller, the head of Gazprom, said last month that the company deposited more than 2.6 billion cubic meters of gas in European subsurface storage units and plans to transport more than five billion cubic meters of gas there.
While Gazprom plans to provide Europe with 158.4 billion cubic meters of gas this year, Alexander Medvedev, the deputy chairman of Gazprom's board of directors, said the supply could be even higher, depending on weather conditions, the Voice of Russia reports.
Last year, the company provided Europe with 161.5 billion cubic meters of gas.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme