Thursday, May 31, 2007

EDF, EnBW Reach Deal to Store Natural Gas in Etzel Salt Caverns in Germany

(Bloomberg) -- Electricite de France SA, Europe's
largest power supplier, and Energie Baden-Wuerttemberg AG have
reached an agreement with a German property company for long-term
storage of natural gas in underground salt caverns at Etzel, near
the North Sea.

EDF and EnBW, Germany's third-largest utility, each signed an
agreement with IVG Immobilien AG for access to the salt caverns,
which have a storage capacity of 400 million cubic meters, for 35
years, EDF said in an e-mailed statement.


Read more at Bloomberg Energy News

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