Gazprom Eyes Additional Investments in Czech NGV

Gazprom’s Alexey Miller met a diplomatic delegation from Czech Republic to discuss cooperation opportunities in the gas sector, with an eye on the Natural Gas Vehicles sector. 

‘In particular, the meeting evaluated the prospects for partnership development in the NGV sector. Gazprom is represented by Vemex in the Czech NGV market. The company owns five CNG filling stations as well as supplies natural gas to five CNG filling stations of third parties. At present, Vemex jointly with Gazprom Germania is engaged in the project for constructing nine CNG filling stations across the country – it is planned to supply the vehicles of Ceska Posta (Czech Post) with NGV fuel,’ reads a note released on Thursday.  

The participants also spoke about other projects.  

The Russian company is intentioned to work on Underground gas storage capacities (UGS) in Eastern Europe. It used the meeting to address the cooperation to build up UGS capacities. 

‘Upon commissioning in 2016, the UGS facility with the working gas volume of 448 million cubic meters will become the largest UGS facility in the Czech Republic and will substantially increase the reliability of export supply to Central Europe,’ Gazprom commented referring to the Damborice UGS facility in South Moravia.

Last week, Gazprom said it remained committed to the Natural Gas Vehicles sector, both domestically and internationally.