Gazprom to Double Natural Gas Reserves in Europe

BusinessCommodities ♦ Published: February 10, 2012; 17:35 ♦ (Vindobona)

The Russian natural gas supplier Gazprom intends to improve supply security in Europe. Gas reserves in Austria should be extended too.

Gazprom to Double Natural Gas Reserves in Europe / Picture: © Vindobona.org

In order to improve supply security of natural gas in Europe, the Russian corporation Gazprom wants to double its natural gas reserves in Europe. The capacity should rise to 5.0bn cube meters, Gazprom´s vice-chairman Alexander Medwedew underlined.

Gazprom supplies one quarter of the European natural gas consumption. A few days ago, European energy companies asked Gazprom to…