Gazprom, MND to build Czech gas storage

March 21, 2013
Gazprom of Russia and MND Group of the Czech Republic have agreed to build an underground natural gas storage facility in Damborice, South Moravia.

Gazprom of Russia and MND Group of the Czech Republic have agreed to build an underground natural gas storage facility in Damborice, South Moravia.

With working gas capacity totaling 448 million cu m, the facility will be one of the largest facilities of its kind in the Czech Republic. The companies agreed to invest $128 million in equal shares of the project.