Gulf Oil and Gas accountACCOUNT

Gazprom & Vitol to Develop Russian Gas Underground Storage in Europe

Source: www.gulfoilandgas.com 11/29/2013, Location: Europe

St. Petersburg hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Ian Taylor, President of Vitol Group.

The parties addressed the issues of bilateral cooperation. Special attention was paid to further development of Gazprom's underground gas storage business in Europe as well as cooperation prospects in gas-fired power generation, particularly, in the UK and France. The meeting noted that Europe saw a steadily growing demand for Russian natural gas and highlighted the urgency of building up gas storage capacities in proximity to European consumers.

The parties outlined specific steps aimed at developing joint activities in the power generation sector based on Russian natural gas.

The Swiss-Dutch company Vitol is the world's second oil trader. The company's scope of activities also includes natural gas trading, hydrocarbons transmission and storage, power generation.

Agreements on Gazprom's natural gas storage in the European UGS facilities are concluded between Gazprom and Vitol.

Natural Gas Storage News in United Kingdom >>

Myanmar >>  7/27/2020 - Marubeni Corporation, with Sumitomo Corporation, Mitsui & Co., Ltd and Eden Group Co,. Ltd, has received a Notice To Proceed from the Ministry of Elec...
Russia >>  7/27/2020 - Messoyakhaneftegaz, a Gazprom Neft—Rosneft joint venture, has commissioned an underground gas storage facility at its Messoyakhsky license block. This...

Philippines >>  7/17/2020 - First Gen Corp. LNG Corp., a wholly-owned subsidiary of Lopez-led First Gen Corp., has selected three preferred bidders to participate in a competitiv...
Nigeria >>  7/15/2020 - The Nigerian National Petroleum Corporation (NNPC) has advised against a swift relocation of tank farms from their current locations along Ijegun, Kir...

Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


United Kingdom Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.