Gazprom and MND sign a deal to build gas storage facilities

Gazprom Germania, a subsidiary of Russia’s natural gas giant Gazprom, and MND, which is part of KKCG group belongs to Czech billionaire Karel Komárek, have signed a contract to build an underground gas storage facility in Dambořici in southern Moravia, worth 2.5 billion crowns. The two companies plan to pay half of the investment each. The storage facilities, which should be opened in the middle of 2016, will be able to hold 448 million cubic meters of gas.