the Gazprom Group signed a five-year contract to purchase natural gas from Turkmengas (for the period through June 30, 2024).

The Gazprom Management Committee reviewed the progress of the construction projects for the Nord Stream 2 and TurkStream export gas pipelines.

According to the document, Gazprom will supply up to 3.5 billion cubic meters of gas per year to VNG Handel & Vertrieb in 2021 and 2022.

The document sets the price of the deal during which OMV will obtain a 24.98 per cent stake in the project for developing Blocks 4A and 5A in the Achimov formations of the Urengoyskoye field at EUR 905 million (USD 1.02 billion at the cross rate of the Central Bank of the Russian Federation as of June 7, 2019). The parties plan to enter into the final agreement on the deal before the end of 2019.

Gazprom's supplies to Hungary from January 1 through June 5, 2019, totaled 4.3 billion cubic meters of gas, a 57.5 per cent increase versus the same period of 2018.

The meeting participants reviewed issues related to cooperation between the companies. Particular attention was paid to joint actions for hydrocarbon production in Russia, namely at the Urengoyskoye and Yuzhno-Russkoye fields.

It was pointed out that the French demand for Russian natural gas has been on the rise for the last four years.

The parties reviewed issues related to bilateral cooperation, paying special attention to the implementation of the Nord Stream 2 project. To date, more than 1,402 kilometers of pipes – over 57 per cent of the gas pipeline's total length – have been laid in the Baltic Sea.

In 2018, Gazprom exported to Serbia 2.15 billion cubic meters of gas, a 1.2 per cent increase from 2017 (2.12 billion cubic meters).

“Узбекистан является одним из ключевых регионов деятельности для многих российских компаний ТЭК, в частности, “Лукойла” и “Газпрома”, Россия является надежным поставщиком нефтепродуктов для потребителей Республики, - отметил глава Минэнерго России.