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BUSINESS IN SHORT

Gas reservoir extended

GAS-STORAGE company Nafta has wrapped up the second, most important, phase of construction of a new gas storage facility near the villages of Láb and Gajary, in Bratislava Region. On September 6 it ceremonially launched a control centre for the new facility, on which €106 million has so far been spent.

GAS-STORAGE company Nafta has wrapped up the second, most important, phase of construction of a new gas storage facility near the villages of Láb and Gajary, in Bratislava Region. On September 6 it ceremonially launched a control centre for the new facility, on which €106 million has so far been spent.

“New capacities of 500 million cubic metres in the area of Láb will contribute to bolstering Nafta’s competitiveness,” Prime Minister Iveta Radičová said, as quoted by the TASR newswire “Also the security and reliability of gas supplies for Slovakia and the central European region has been boosted significantly by this project.”

The Gajary-Báden project is set to increase the Nafta’s gas storage capacities to 2.5 billion cubic metres by 2014. New capacities are intended to increase the flexibility of access to gas supplies.


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