Gazprom Helping Czech Republic Develop NGV Market

The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Vladimir Remek, Ambassador Extraordinary and Plenipotentiary of the Czech Republic to the Russian Federation.

“The parties addressed the ongoing cooperation between Russia and the Czech Republic in the gas sector. It was pointed out that more than 45 years of efficient dialogue between the countries provided for secure Russian natural gas supply to consumers in the Czech Republic, and, in addition, considerably increased the reliability of gas supply to other European countries,” Gazprom said in a statement.

In 1967 Czechoslovakia became the first country to receive natural gas from the USSR via a gas export trunkline. In 2013 Gazprom supplied 7.9 billion cubic meters of gas to the Czech Republic and also delivered 27.3 billion cubic meters of gas via the Republic to consumers in Western Europe.

In particular, the meeting evaluated the prospects for partnership development in the NGV sector. Gazprom is represented by Vemex in the Czech NGV market. The company owns five CNG filling stations as well as supplies natural gas to five CNG filling stations of third parties. At present, Vemex jointly with Gazprom Germania is engaged in the project for constructing nine CNG filling stations across the country – it is planned to supply the vehicles of Ceska Posta (Czech Post) with NGV fuel.

“In addition, the meeting participants addressed the cooperation to build up underground gas storage (UGS) capacities. Jointly with MND Group, Gazprom constructs the Damborice UGS facility in South Moravia. Upon commissioning in 2016, the UGS facility with the working gas volume of 448 million cubic meters will become the largest UGS facility in the Czech Republic and will substantially increase the reliability of export supply to Central Europe, ” Gazprom added.

[mappress]

Press Release, June 6, 2014