NAFTA Focused on Efficiency of Underground Storage Facilities in 2015

 
Bratislava, 12 May 2016 – NAFTA a.s., the biggest underground gas storage operator in Slovakia, achieved a profit after tax in 2015 in the amount of EUR 103.465 mil. According to the approved earnings distribution, the shareholders are entitled to EUR 32.43 per share.
 
The achieved profit was driven in particular by the success of underground gas storage products and expert services of the company and to a lesser extent by one-time financial effects. The level of NAFTA’s investments reached the amount of EUR 10.4 mil.
 
Underground storage of natural gas has remained the key activity of NAFTA in 2015. In this area, NAFTA has focused especially on increasing efficiency of underground gas storage facilities. The company has been reacting to important structural changes in the gas market, which are showing also in the changing role of storage capacity. While in the past, the storage facilities had a primary role to balance the seasonal natural gas demand, now they are also used for the transactions of energy traders. Development of storage capacities in Europe and surplus of natural gas in the world markets is an impulse for the company NAFTA to continue bringing its clients innovative and flexible services and products.  
 
“The company NAFTA achieved positive financial results in 2015 despite the changing market conditions and decreasing prices of commodities and storage services. However, NAFTA should prepare to the continuous influence of this long-term changes even in the future,“ said Martin Bartošovič, General Manager of the company.
 
NAFTA has also been a Slovak leader in the area of exploration and production of hydrocarbons, where due to long-term production it has been following the trend of gradual decrease of volumes taken. The company has been trying to slow this trend down by intensive exploration activities, reservoir and engineering management and efficient production. Completion of the construction of the gas gathering station Záhorská Ves is a contribution to pro-longing hydrocarbon production in Slovakia. The station was launched into operation in the second half-year 2015. In the past year production of hydrocarbons by the company NAFTA reached the level of 85.6 mil. mcm of natural gas, 9.6 thousand tons of crude oil and 2.4 thousand tons of light crude.
 
Year 2015 was interesting for the company NAFTA also owing to its participation in the innovative project of the company RAG – Underground Sun Storage, which was launched in Pilsbach, Austria. This unique project tests the possibility of storing energy from renewable sources in the form of hydrogen-natural gas mixture in porous reservoirs. Using its technical know-how, NAFTA is working on modelling reactive transport, analyzing the impact on the subsurface completion and preparing the technical proposal and supply of compressor for the testing facility. “Our participation in the Underground Sun Storage project reflects our commitment to constant innovation, not only for our products and services, but also for entire industry,” Martin Bartošovič stated.
 
Owing to professional and responsible approach NAFTA was also the last year a reliable partner in securing stable gas supplies and important pillar of energy security. 
 
As of 31st December 2015 there were 699 employees in NAFTA.
 
NAFTA a.s. is the key natural gas storing company in Slovakia and, at the same time, the Slovak leader in the field of exploration and production of hydrocarbons. The majority shareholder of NAFTA a.s. owning 56.15% of shares is SPP Infrastructure, a. s., Czech Gas Holding Investment B.V. owns 40.45% of shares.