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  • Gazprom and BASF agree to cooperate within Nord Stream II project
    édité le 03/08/2015 - Plus de news de "GAZPROM" - Voir la fiche entreprise de "GAZPROM"


Gazprom and BASF agree to cooperate within Nord Stream II project
Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Hans-Ulrich Engel, Member of the BASF Board of Executive Directors signed in Berlin today a Memorandum of Intent stipulating the cooperation within the project for constructing the Nord Stream II gas pipeline.

The document reflects the parties' intents to implement a project for constructing two strings of the gas pipeline that would connect the Russian and the German coasts under the Baltic Sea. The new gas pipeline capacity will total 55 billion cubic meters a year.

“Jointly with our partners, we managed to succeed in creating the Nord Stream gas trunkline unrivaled in the world. With due account of the growing demand of the European Union, the expanding gas infrastructure directly connecting Russian gas fields to European markets will further boost the reliability of gas supplies in Europe,” said Alexander Medvedev.

“For over twenty years now, Gazprom and BASF have jointly constructed gas pipelines meant for reliable supply of Russian gas to Europe. We are ready to apply the expertise gained in this area to the Nord Stream extension. We are happy to know that Gazprom and other European partners declared their determination to take part in this important infrastructure project,” said Hans-Ulrich Engel.

About Nord Stream

Germany is the biggest Russian gas consumer. In 2014 Gazprom sold 40.3 billion cubic meters in the German market.
Running from Russia to Germany under the Baltic Sea, Nord Stream is an export gas pipeline with an annual capacity of 55 billion cubic meters. Nord Stream AG is a joint company (Gazprom holds 51 per cent, Wintershall and E.ON – 15.5 per cent and ENGIE – 9 per cent) operating the project.
On June 18, 2015 Gazprom, E.ON, Shell and OMV signed the Memorandum of Intent stipulating the construction of two strings of the Nord Stream II gas pipeline with an aggregate annual capacity of 55 billion cubic meters, to be laid from the Russian coast to the German coast via the Baltic Sea.

About Gazprom

Gazprom is a global energy company. Its major business lines are geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel as well as generation and marketing of heat and electric power.

Gazprom views its mission in reliable, efficient and balanced supply of natural gas, other energy resources and their derivatives to consumers.

Gazprom holds the world’s largest natural gas reserves. The Company’s share in the global and Russian gas reserves makes up 18 and 72 per cent respectively. Gazprom accounts for 14 and 74 per cent of the global and Russian gas output accordingly. At present, the Company actively implements large-scale projects aimed at exploiting gas resources of the Yamal Peninsula, Arctic Shelf, Eastern Siberia and the Far East, as well as hydrocarbons exploration and production projects abroad.

Gazprom is a reliable supplier of gas to Russian and foreign consumers. The Company owns the world’s largest gas transmission network – the Unified Gas Supply System of Russia with the total length of over 168 thousand kilometers. Gazprom sells more than half of overall produced gas to Russian consumers and exports gas to more than 30 countries within and beyond the former Soviet Union.

About BASF

At BASF, we create chemistry - and have been doing so for 150 years. As the world's leading chemical company, we combine economic success with environmental protection and social responsibility. Through science and innovation we enable our customers in nearly every industry to meet the current and future needs of society.


Origine : Communiqué GAZPROM

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