Russia has maintained stable deliveries to European customers despite "abnormally cold weather conditions in Russia and in Europe," said Alexander Medvedev, deputy chairman of Gazprom's management committee and director general of Gazprom Export. This was largely due to new underground gas storage facilities, or UGSF, he said.
During the peak demand period, Gazprom has been extracting natural gas from storage facilities located in Europe at the maximum rate - more than 38 million cubic meters per day.
Drawing lessons from this year's cold snap, the Russian export monopoly Gazprom has announced it will double its underground gas storage capacity in Europe, raising concerns that it might abuse its dominant position.
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