astora successfully commercialises capacities at the Jemgum storage facility
Kassel, 19 June 2015. astora has allocated capacities at the Jemgum cavern gas storage facility on the German-Dutch border successfully via the exchange platform store-x. The entire capacities for the contract period from 1 July 2015 to 1 April 2016 were sold in a non-discriminatory keyed procedure and comprise a total working gas volume of about 1.4 TWh. Demand exceeded capacity on offer fivefold.
The planned working gas volume of the Jemgum gas storage facility amounts up to one billion cubic metres. The ten storage caverns are targeted to be completed by 2018.
astora GmbH & Co. KG, based in Kassel, Germany, is one of the largest natural gas storage operators in Europe. The company maintains one of the largest natural gas storage facilities in Western Europe at Rehden in Northern Germany, which has a working gas volume of more than four billion cubic metres. In addition, the storage company also holds capacities in the second largest storage facility in Central Europe, located in Haidach, Austria. In order to secure natural gas supplies to Europe, the company is currently developing the Jemgum natural gas storage facility on the German-Dutch border.
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