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Germany: Ukrainian gas crisis could hit this storage facility01:02

Germany: Ukrainian gas crisis could hit this storage facility

Germany, Salzwedel
February 26, 2015 at 13:26 GMT +00:00 · Published

Germany's biggest natural gas storage station, which is still under construction near Salzwedel, Central Germany, could be affected if the Ukrainian gas crisis is not resolved. The construction is reportedly part an attempt to stop relying on gas supplies from Russia.

Russian President Vladimir Putin recently threatened to stop supplying natural gas to Ukraine, unless Russia received advance payment by the end of the week. Last year 147 billion cubic metres of gas was supplied by Russia to Europe, representing a third of the continent's need. Forty percent of that gas arrived through Ukraine.

Putin stated that both the Russian state-owned energy company Gazprom and the Ministry of Economic Development are working on a solution with Russia's European partners, but that any further deal being struck is dependent on Ukraine.

When the structure is completed it will be able to store up to 400 million cubic metres of gas in five storage caverns. The site is run by the Strorengy company, who have are involved in the energy market in France and the United Kingdom as well as Germany.

Germany: Ukrainian gas crisis could hit this storage facility01:02
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Description

Germany's biggest natural gas storage station, which is still under construction near Salzwedel, Central Germany, could be affected if the Ukrainian gas crisis is not resolved. The construction is reportedly part an attempt to stop relying on gas supplies from Russia.

Russian President Vladimir Putin recently threatened to stop supplying natural gas to Ukraine, unless Russia received advance payment by the end of the week. Last year 147 billion cubic metres of gas was supplied by Russia to Europe, representing a third of the continent's need. Forty percent of that gas arrived through Ukraine.

Putin stated that both the Russian state-owned energy company Gazprom and the Ministry of Economic Development are working on a solution with Russia's European partners, but that any further deal being struck is dependent on Ukraine.

When the structure is completed it will be able to store up to 400 million cubic metres of gas in five storage caverns. The site is run by the Strorengy company, who have are involved in the energy market in France and the United Kingdom as well as Germany.

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