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Gazprom & Shell Continuing Joint Work on Baltic LNG Project

Source: www.gulfoilandgas.com 5/25/2018, Location: Asia

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Ben van Beurden, Chief Executive Officer of Royal Dutch Shell, took place today at the St. Petersburg International Economic Forum 2018.

The meeting participants discussed topical issues of strategic cooperation. Particular attention was paid to interaction in the area of liquefied natural gas, including a joint feasibility study on the Baltic LNG project.

In the course of the meeting, the Agreement on the Baltic LNG project was signed in furtherance of the Heads of the Joint Venture Agreement. The new document contains, inter alia, an agreement on the priority use of Russian technical standards when designing and preparing specifications for equipment, which is aimed at the LNG industry development in Russia.

The Agreement also sets out the key operating aspects of the future joint venture, including occupational safety, industrial safety and social responsibility matters.

Special emphasis was placed at the meeting on the Nord Stream 2 project.

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