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Project Insights

NS2 to benefit Slovakian storage player

Nafta stands to benefit from Gazprom’s new supply routes with its latest acquisition Nafta stands to benefit from Gazprom’s new supply routes with its latest acquisition.
By Silvia Favasuli 9 January 2019 Europe & Russia / Pipelines, Storage & Power 0 33815
Gas storage infrastructure in Slovakia. (Nafta)

The acquisition of three underground gas storage sites in the southern German state of Bavaria by Slovakia’s Nafta is another example of a Slovakian player hoping to benefit from Russia’s Nord Stream 2 pipeline. 

Nafta completed its acquisition of the three facilities – Inzenham-West, Breitbrunn/Eggstätt and Wolfersberg – from Russian-controlled company DEA last week after all the necessary regulatory approvals were received. The three sites bring a combined 1.8 bcm of additional storage capacity to Nafta’s portfolio.

The move represents the first expansion outside...