OREANDA-NEWS. The Gazprom Board of Directors heard a report on Gazprom’s strategy for the underground gas storage sector and identified the UGS sector development as an investment priority of the Company.

The Gazprom Management Committee was entrusted with continuing the work to further develop an underground gas storage system in Russia and abroad.

There are currently 25 underground gas storage facilities operational in the Russian Federation with 63 bcm of commercial gas and up to 600 mln cu m/d of the potential send-out capacity as of the start of a withdrawal period.

In addition, Gazprom stores gas in UGS facilities in Latvia, Germany, Austria and the Great Britain.