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  • Gazprom and OMV sign documents to develop strategic cooperation
    édité le 01/04/2016 - Plus de news de "OMV" - Voir la fiche entreprise de "OMV"

Gazprom and OMV sign documents to develop strategic cooperation
Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV AG, signed in St. Petersburg a number of documents aimed at developing the strategic cooperation between the companies:

- the Second Term Sheet regarding the asset swap. The document specifies, inter alia, assets on the part of OMV to be included in the asset swap;

- the Agreement for oil supply to OMV from Gazprom Group’s portfolio. In accordance with the document, Gazprom will sell REBCO grade oil to OMV in the course of 2016 on FOB (free on board) terms. In addition, as agreed by the parties, OMV may be supplied with SILCO grade oil;

- the Agreement for scientific & technical cooperation and partnership. The document outlines main fields of the scientific & technical cooperation including in gas production, transportation, processing, underground storage and sales, industrial and information security, energy efficiency, environmental protection and hydrogen energetics. Additionally, deeper interaction is intended in the field of R&D management;

- the Memorandum of Understanding on cultural cooperation. At the initial stage, the document provides for, among other things, sponsoring cultural events in
St. Petersburg and Vienna.

“Today, we signed a number of important documents aimed at further developing our dialogue with our strategic partner OMV. Our relationship is no longer limited to business. With the scope and extent of our cooperation growing, we are consistently moving toward our ambitious goals - boost Russian gas and oil supply to Europe and develop our companies’ R&D potential,” Alexey Miller said.

“The 48 year partnership with Gazprom is built on a very solid economic foundation. The documents signed today are an important milestone towards even closer cooperation in the future. I’m particularly pleased about the bridging of cultures between Russia and Austria which we are initiating today. After all, with an environment which is becoming ever more fractured, this is just the time to come closer together through a strong cooperation which embraces both business and culture,” Rainer Seele said.

About OMV and Gazprom

OMV is Gazprom’s main partner in Austria.

On September 4, 2015, Gazprom, BASF, E.ON, ENGIE, OMV, and Shell inked the Shareholders Agreement to construct the Nord Stream 2 gas pipeline system with the annual capacity of 55 billion cubic meters from Russia to Germany across the Baltic Sea.

On September 4, 2015, Gazprom and OMV also signed the Agreement on the main terms and conditions of an asset swap. If the deal is completed, OMV will acquire a 24.98 per cent stake in the project for developing Blocks 4A and 5A of the Achimov deposits at the Urengoyskoye field in exchange for Gazprom's participation in OMV assets.

On October 23, 2015, Gazprom and OMV signed the Memorandum of Understanding for oil supply to OMV from Gazprom Group’s portfolio.

REBCO - Medium gravity Russian export blend crude oil.

SILCO - Light sweet crude oil produced in Western Siberia.

Free on board (FOB) is a trade term requiring the seller to deliver goods on board of a vessel at its own expense and to cover all export duties. The buyer shall charter a freight vessel, pay for goods, and ensure their transportation after delivery.

About OMV Aktiengesellschaft

With Group sales of EUR 23 bn and a workforce of around 24,100 employees in 2015, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies. In Upstream, OMV focuses on three core regions - CEE (Romania, Austria), North Sea as well as Middle East and Africa - and selected development areas. 2015 daily production stood at approximately 303 kboe/d. In Downstream, OMV has an annual refining capacity of 17.8 mn tonnes and approximately 3,800 filling stations in 11 countries as of end of 2015. OMV operates a gas pipeline network in Austria and gas storage facilities in Austria and Germany. In 2015, gas sales volumes amounted to 110 TWh.

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.

Origine : Communiqué OMV

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