Abstract. Underground Gas Storage (UGS) has become one of the most widely used practices to cope with seasonal peaks in energy consumption. The planning of any new UGS facility, or its upgrading to increase the working gas volume and reservoir performance, must be supported by an evaluation of possible induced effects on the environment. From a geomechanical point of view, storage activity results in a cyclic change in stress and deformation in the reservoir rock and the surrounding formations. The main environmental issues to be accounted for when natural fluid pore pressure is planned to be exceeded are the following: (a) the differential displacements at the land surface possibly mining the integrity of ground structure; (b) the integrity of the reservoir and caprock; (c) the possible reactivation of faults, if the target reservoir is located in a faulted basin; and (d) the vertical upheaval and land subsidence that can impact on the surface drainage network in low lying coastal areas. We present an original methodology for evaluating the geomechanical safety of UGS activities using an approach derived from what is traditionally applied in the structural design of buildings. A safety factor, a margin of security against risks, is defined for each of the geomechanical issues listed above. First, a 3D FE-IE numerical model is developed to reproduce the stress and displacement due to the UGS program under evaluation. Then the reservoir pressure is increased until the “failure” condition is reached allowing to evaluate how far the project designed condition is from the above limit. The proposed approach is applied to Romagna, a depleted gas reservoir in Northern Italy converted to UGS, with the aim of investigating the safety of the project to increase the reservoir pressure up to 120 % pi, where pi is the original reservoir pressure before the start of primary production. The 3D geomechanical model has been developed using recent 3D seismic data, land displacements by InSAR, lab tests on reservoir and caprock samples, in-situ Modular Formation Dynamic Tester (MDT) stress tests, and large background information acquired from other UGS reservoirs located in the same sedimentary basin. The analysis outcome has revealed that the investigated scenario is safe, with safety factor larger than 1, in the range from 1.2 to 4. The most critical condition (the smallest safety factor) has been obtained in relation to the mechanical integrity of the reservoir formation, under very conservative conditions (cohesion = 0, friction angle = 30∘).