Gulf Oil and Gas accountACCOUNT

Gazprom, EDF Sign MOU to Participate in S.Stream

Source: www.gulfoilandgas.com 11/27/2009, Location: Asia

Share |
In Paris and in the presence of Prime Minister of Russia Vladimir Putin and Prime Minister of France FranÁois Fillon, Gazprom Management Committee Chairman Alexey Miller and EDF CEO Henri Proglio signed a Memorandum of understanding on the possibility of EDF participating in the construction of the offshore section of the South Stream pipeline.

The document specifies that the details of EDFís participation in the project will be worked out jointly with ENI, which currently owns 50% of South Stream AG, the operator of the offshore section of South Stream.

The Memorandum states that EDFís entering the South Stream will foresee the conclusion of new long-term gas sales contracts. It will secure Gazpromís marketing of the resources with one of the reliable European customers and enable EDF, which handled 29 bcm in 2008, to obtain guaranteed volumes of hydrocarbons from Russia in the long term. According to the Memorandum, Gazprom and EDF will also expand cooperation in the electricity sector in France and elsewhere.

We are gaining a new reliable and long-term partner today in EDF. The participation of a French company in the South Stream project undescores the pan-European scale of the pipeline and is additional evidence of its tremendous importance for ensuring stable energy supplies to the continent. We are confident that South Stream, along with Nord Stream, which is being recognized by a growing number of European countries, will ensure the well-being of Gazpromís customers in terms of energy, - said Alexey Miller.

Special Report

Pipe Lines Installations News in Russia >>

Japan >>  1/12/2017 - With data up to October 2016, oil demand in Japan has been determined by falling requirements in the direct use of fuel and crude oil for electricity ...
Japan >>  1/9/2017 - Japanís crude oil imports dropped in October by 182 tb/d, or 6%, to average 3.1 mb/d. Y-o-y, crude imports also declined in October by 67 tb/d, or 2%....

Iran >>  12/25/2016 - ICOFC managing director has announced that 20 projects for development of oil and gas fields or enhancement of oil recovery will be put out to tender....
China >>  12/21/2016 - The latest information for China showed total commercial oil inventories fell by 3.4 mb in October to stand at 369.1 mb, which is 9.1 mb lower than th...

Azerbaijan >>  12/20/2016 - Technology licence agreements were signed between SOCAR and Technip, Univation, Axens, and SinopecTech which have important technologies in petrochemi...
Russia >>  12/19/2016 - Russiaís oil production was more or less stagnant at 11.29 mb/d in November and higher y-o-y by 0.40 mb/d. Russian oil output is expected to increase ...

Related Categories: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 

Related Articles: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations 


Russia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 |

Oil & Gas Projects in Russia >>

More News

 

Oil & Gas Companies in Russia >>


Related Links

AZ BD BN CN GE HK ID IN IR JP KR KZ MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.