Gazprom Discusses Nord Stream 2 Participation with BASF

Source: Reuters 7/7/2015, Location: Asia

Russian gas giant Gazprom said it had discussed with BASF the possibility of the German firm participating in its Nord Stream 2 gas pipeline project. Gazprom's current partners in Nord Stream 2 - a planned pipeline to Germany under the Baltic Sea - are Anglo-Dutch Shell, Germany's E.ON and Austria's OMV.

The Russian firm said it had met BASF officials in Berlin, but did not give further details. Gazprom separately said it had also met OMV officials in Berlin in Tuesday. It said it had discussed the creation of a joint project company to operate the pipeline, and the possibility of OMV getting a stake in this joint company. BASF and OMV did not immediately respond to requests for comment.

BASF oil and gas subsidiary Wintershall has previously said, in June, that it is keeping faith with its Russian investments and wants to do more there, despite tense relations between Moscow and Europe over Ukraine.

Gazprom currently owns 51 percent in the project to build Nord Stream 2, which has a planned capacity of 55 billion cubic metres per year.


Norway >>  11/7/2024 - Equinor has signed an agreement to acquire Sval Energi’s 11.8% share in the Halten East Unit. With this acquisition, Equinor increases its ownership t...
United States >>  11/6/2024 - FREYR Battery (NYSE: FREY) (“FREYR” or the “Company”) has announced that the Company has entered into an agreement to acquire the U.S. solar manufactu...

Thailand >>  11/5/2024 - Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) ("Valeura" or the "Company") is pleased to announce the completion of an internal restructuring of its Thai...
United Kingdom >>  11/5/2024 - The Board of Synergia Energy Limited (Synergia or the Company) is very pleased to announce that it has arranged funding for the initial development of...

Papua-New Guinea >>  11/4/2024 - Further to the announcements of 29 December 2023 and 1 February 2024, Santos is pleased to announce completion of the sale of a 2.6 per cent interest ...
Singapore >>  11/4/2024 - CVC DIF has agreed to acquire a 49.9% interest in ECO, a hazardous waste management company in Singapore.
ECO operates with 649,000 tonnes per ...


Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.