A continuous increase of gas exports to Austria

The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Reinhold Mitterlehner, Austrian Vice Chancellor.

The parties highlighted that the long-term strategic co-operation between Russia and Austria in the oil and gas sector had been successfully developing for many decades.

A continuous increase was noted in Russian gas supplies to Austria. Preliminary estimates indicate that in January 2016 the gas exports by Gazprom to the Austrian market grew by 76.2% vs the same period of 2015. Throughout 2015 the gas deliveries rose by 11.5% against 2014.

The parties also discussed the importance of building the Nord Stream II gas pipeline to satisfy the growing demand for Russian gas in the future.

Special attention was paid to underground gas storage in Europe. The parties addressed the co-operation progress within the Haidach UGS project – the largest UGS facility in Austria and the second largest in Central Europe. In 2015 the aggregate working capacity of Haidach had been agreed to increase by 150 million m³, or about 5%. At the same time, its peak daily withdrawal capacity grew by 1.55 million m³. As a result, the UGS working capacity reached 2.98 billion m³ and the peak daily output – 29.9 million m³. It was stressed that the storage capacity had been boosted without additional investments.

Edited from source by Stephanie Roker

Read the article online at: https://www.worldpipelines.com/project-news/04022016/a-continuous-increase-of-gas-exports-to-austria/