underground gas storage

A new strategic plan from Spain’s TSO Enagas anticipates €4.8 billion in investments to 2030, confirming nearly €2 billion earmarked for three new gas pipelines to Italy, France and Portugal, the firm announced recently.
  • July 18, 2022
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Ukraine’s state-owned gas company Naftogaz has asked its international creditors to defer payments on its debt for two years, sending signals that the government may soon do the same.
  • July 16, 2022
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Russia has imposed sanctions against units of Gazprom Germania and dozens of other companies based in countries that have imposed sanctions on Russia in response to its invasion of Ukraine. The list includes local subsidiaries of Gazprom, which supply more than a third of European gas.
  • July 15, 2022
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The EU set an 80% compulsory target for gas storage by 1 November as the bloc prepares for potential Russian gas supply cuts amid deteriorating relations over the war in Ukraine. However, Spain’s tanks at LNG terminals were last seen 84% full, the highest level for this season in the last five years.
  • July 15, 2022
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Latvia has already met the requirements of the European Union's Gas Storage Regulation, confirmed by Conexus Baltic Grid (Conexus) gas storage and transmission system operator. The EU has stated that all member states are obliged to stock 35% of their annual gas consumption in underground facilities. According to Conexus, this amounts to 4.46 TWh of gas.
  • July 8, 2022
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The German government’s budget committee has approved a credit line worth €15 billion to gas market area operators to purchase supply for storage, the economy ministry said in a statement.
  • June 27, 2022
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