Gazprom to open underground gas storage in Austria - Russian energy giant Gazporm, Germany's RAJ AJ and Russian-German Wingas are planning to open an underground gas storage facility in Haidach, Austria. Sergei Khan, head of Gazprom's underground gas storage department, told a forum on Russia's fuel and energy sector in St. Petersburg Wednesday that each of the partners would have a 33% share in the new facility. Khan said: "We have [signed] gas storage contracts with a number of countries, including Germany, Austria and England, and we are now taking up ownership." Gazprom also plans to build an underground gas storage facility with a capacity of 0.5 billion cubic meters of gas in Belgium, and is considering launching underground gas storage projects in China, Pakistan, India, Iran, Romania and Italy.
Khan said that ten independent companies had spun off from Gazprom's regional subsidiaries, which handle gas transportation. "By late this year Gazprom-PHG will take over these independent companies, and a unified body will be established," Khan said.
Not to be cynical, but the last time I remember an Austrian working with an Ayranian and radical Islamists, to control oil and people were talking about killing Jews, they serious.
Well Austria is doing it at the behest of the rest of Nato/Europe. Do you think that the deal is for Austrian demand alone?