Gazprom mulls building gas storage in the Czech Republic.

By bne IntelliNews April 15, 2010
Russian company Gazprom is seriously considering the Czech Republic as a possible location for building an underground gas storage, Gazprom chief of exports and logistics Vladimir Chandochin said. The gas storage is to have an overall capacity of 500 cubic metres and the investment is to be in the magnitude of CZK billions. Gazprom representatives have already started talks with representatives of local oil and gas extraction company Moravske Naftove Doly (MND) on this possible development. Gazprom and MND signed a cooperation agreement in 2008. MND is part of the KKCG group of businessman Karel Komarek - Slovensky Plynarensky Priemysel Bohemia controls 51.82% in the company and Europgas - 48.18%.

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