Scandoil  

Gazprom and BASF agree cooperation for Nord Stream II gas pipeline project


Published Aug 4, 2015
Gazprom and BASF agree cooperation for Nord Stream II gas pipeline 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 ta 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.

Tags: BASF AG, Gazprom




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml