STORAG ETZEL: More than 45 years of oil and gas storage at Etzel
More than 45 years STORAG ETZEL has built, operated and leased storage caverns, initially only for crude oil and later also for gas.
In 1971 STORAG ETZEL, which was a public enterprise under the name IVG at that time, was commissioned to build the underground storage facility at Etzel for a capacity of 10 million tonnes of crude oil as a national stockpile and to operate the aboveground facilities on behalf of the Federal Government.
Following privatization in 1993, IVG acquired ownership of the cavern complex in 2005. In 2016, the long-established company was renamed STORAG ETZEL and became largely independent.
Today STORAG ETZEL is the largest independent provider of underground cavern storage for oil and gas in Germany.
Commissioning of three new gas operating facilities (EKB, FSG Crystal, ESE) and the Bunde-Etzel Pipeline in 2011/12; gas held in storage in Etzel by companies from Germany, Western Europe and Russia
Gradual handover of the first new caverns to the tenants and initial filling with gas; construction of the new administration building in 2013
Launch of the program for the long-term safeguarding of the existing pipelines in the southern field
10th anniversary of cavern expansion project one year after change of company name to STORAG ETZEL and relocation of the company headquarter to Etzel in 2016
Commissioning of the last of the 34 new caverns; expansion for the time being
About 13,000 visitors to the information center since its official opening; 20th session of the Cavern Advisory Council
Cavern inventory status 2017: 75 caverns (24 for oil, 51 for gas)
In the period from 2015 to 2020, STORAG ETZEL is investing a total of around 100 million euros in plant and operational security
More than 15.000 visitors in the info box of the cavern information center Etzel
STORAG ETZEL submits the application documents for the new optional framework for the 99 approved caverns