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The Working Party on Gas of the UN/ECE (United Nations Economic Commission for Europe) has its sixth session in 1996, decided to undertake a study on 'Underground gas storage in Europe and Central Asia'. The study was launched by the Working Party on Gas in the recognition of the role of UGS (underground gas storage) in the creation of unified European gas market, its liberalization, security of gas supply and cooperation among gas enterprises. The data analysed by the study was collected through the comprehensive questionnaire, circulated among gas companies and organizations of the ECE member-countries. To carry out the study, a special Ad Hoc Group of Experts, representing leading gas companies of the region, was set up. The study deals with a wide range of issues related to the underground storage of gas, such as current status of UGS in Europe and Central Asia, new and emerging technologies, new and existing UGS projects, regulatory framework, cost of storage in USA and in Europe, future gas markets development. An attempt was also made to identify the UGS facilities that play (and could provide in the future) the international contract border services.