OAO Gazprom and Abu Dhabi National Energy Co., the state-controlled oil and natural gas producer known as Taqa, signed an agreement for gas storage services at the Bergermeer storage site in the Netherlands.
Gazprom, Russia's gas export monopoly, will deliver cushion gas for injection into the depleted field in return for working capacity and a participating interest in operating the facility, the companies said in a joint statement today. Cushion gas is necessary to ensure that the reservoir has optimal pressure to start commercial storage operations.
Bergermeer has a storage capacity equivalent to the annual gas consumption of about 1.6 million households in the Netherlands, making it one of western Europe's largest. The estimated working volume amounts to about 4.1 billion cubic meters and commercial operations are expected to start in 2013. Bergermeer is Taqa's second gas storage project in the Netherlands. It already operates the 500 million cubic meter Peak Gas Installation in Alkmaar.
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