Specialists discuss current developments and technologies in the field of gas storage

VNG, VNG Gasspeicher, WINGAS and astora as German representatives at fourth underground gas storage conference in Salzburg

Leipzig, November 13, 2012. Over the next few days, interest in Salzburg will focus on underground gas storage. In Salzburg, OAO Gazprom, the Austrian company RAG Rohöl-Aufsuchungs Aktiengesellschaft, VNG – Verbundnetz Gas Aktiengesellschaft (VNG) and WINGAS GmbH as well as their subsidiaries OOO Gazprom PKhG, VNG Gasspeicher GmbH and astora GmbH & Co. KG are holding an industry conference.

Attention at the conference will focus on the latest developments and standards in the field of natural gas storage. Key topics of the many presentations will include the safe and efficient operation of underground storage facilities. The participants will exchange information on modern approaches to the control, monitoring and integrity assessment of storage facilities. During the two-day conference, participants will also visit the nearby Haidach natural gas storage facility.

The further development of technical solutions and improved safety and efficiency levels for storage facilities are of considerable importance for VNG and WINGAS. VNG subsidiary VNG Gasspeicher GmbH operates storage facilities with a working gas capacity of about 2.6 billion cubic metres at a total of six locations. With a storage capacity of more than 5 billion cubic metres, astora GmbH & Co. KG is one of Europe’s largest natural gas storage facility operators. In view of the growing importance of natural gas for future energy supplies and the expected demand for storage solutions for renewable energies, natural gas storage facilities will play a key role in the European energy market of the future. Power cannot be stored in large quantities but it can be converted into gas (power to gas) and then stored.

VNG – the natural gas specialist: VNG supports its customers in a competitive environment with products and services relating to all aspects of natural gas. With its four pillars of exploration and production, trading and services, transport, and storage, VNG covers the full value chain. VNG’s purchasing portfolio includes long-term import contracts, and the company has access to all European trading markets, thereby guaranteeing natural gas supplies in line with the market. The company’s own network and storage infrastructure as well as its exploration and production activities further enhance the security of supply. VNG turns natural gas into an environmentally-friendly and innovative product with a wide range of applications as well as offering a unique spectrum of services. With over 50 years of experience, VNG is a company with strong regional roots that is active on the international stage. For further information, please go to: www.vng.de.

VNG Gasspeicher GmbH is a wholly-owned subsidiary of VNG – Verbundnetz Gas Aktiengesellschaft (VNG) headquartered in Leipzig. The company is the third largest storage operator in Germany and operates six storage facilities with a total working gas capacity of approx. 2.6 billion cubic metres. The geographic location of these underground storage facilities and their links with the transmission system allow access to key European trading hubs. VNG Gasspeicher stands for innovative products and customised product combinations that are systematically oriented to the market and are both flexible and reliable. For further information, please go to www.vng-gasspeicher.de.

WINGAS GmbH is a joint venture of Wintershall Holding GmbH in Kassel, Germany’s largest crude oil and natural gas producer, and Russia’s OAO Gazprom. WINGAS has been active in natural gas sales, trading and procurement since 1993 and also markets fibre-optic capacities for telecommunications. The company supplies natural gas to public utilities, regional gas suppliers, industrial companies and power plants. Russia’s Gazprom and BASF subsidiary Wintershall teamed up about 20 years ago in order to sell and market natural gas together: the aims of the two partners were and remain to supply natural gas on competitive terms, to optimize its use and to secure its supply in the long term. WINGAS is now one of the largest natural gas suppliers on the German market with a market share of almost 20 percent. For further information, please go to www.wingas.de.

astora GmbH & Co. KG offers intelligent storage solutions from a single source, from the planning and development of natural gas storage facilities through to operation and the marketing of storage capacities. The company’s customers benefit from decades of experience in the technical field, comprehensive market knowledge and personal service. astora is committed to developing clear and simple solutions meeting the highest demands and is one of Europe’s leading storage facility operators. The company markets the capacities of the largest natural gas storage facility in Western Europe, at Rehden in northern Germany, with a working gas volume of more than 4 billion cubic metres. In addition, the company holds capacities in the second-largest storage facility of central Europe at Haidach, Austria. In order to expand its storage before portfolio and to secure natural gas supplies to Europe, the Jemgum natural gas storage facility on the border between Germany and the Netherlands is currently being developed.

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