Austrian gas storage will be taken away from Gazprom

An amendment to the law on the gas industry, allowing the Austrian authorities to seize the Gazprom storage facility in Haidach and transfer it to another company, will be published on Friday, July 1. This was reported by the Austrian edition Kurier.

According to the newspaper, the Austrian energy regulator E-Control will have the right to transfer the storage to another company. The process will take place in two stages.

During the first, the agency will require Gazprom to indicate what capacity it partially or completely does not use in order to transfer this volume to another supplier or return it to the custodian company (Gazprom's subsidiary GSA). If GSA does not remove unused storage capacity on its own, it will lose its rights as a warehouse company.

According to Gas Infrastructure Europe, since March 29, the storage facility in Haidach with a volume of 2.9 billion cubic meters has been filled by 0.0%.

18:40 / 1 July 2022

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