Gazprom eyes Belgian storage

Storage plans: Gazprom's Aleksandr Medvedev

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By News Wires

 08 December 2010 10:54 GMT

Gazprom signed a gas storage accord with Belgian pipeline operator Fluxys today, a move which may see the Russian gas giant take up long-term storage capacity in Belgium.



Under the memorandum of understanding, Gazprom will look at reserving long-term storage at Fluxys' underground storage facility in Loenhout.

The accord was signed during a meeting between Russian President Dmitry Medvedev and Belgium's caretaker Prime Minister Yves Leterme earlier today.

Reuters quoted Aleksandr Medvedev, director general of Gazprom Export, saying: "The usage of underground gas storage facilities in Europe is a high priority for Gazprom as a way to ensure security of gas supply."

He added that the joint project will allow Gazprom to have over 300 million cubic metres of active…

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