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2015-10-06 19:35:00

GAZPROM & BASF SWAP

GAZPROM & BASF SWAP

Germany's BASF and Russia's Gazprom completed the swap of assets with equivalent value effective at the end of September 30, 2015, financially retroactive to April 1, 2013.

As a consequence, the gas trading companies WINGAS, WIEH, WIEE as well as the storage operator astora are an entirely part of the Gazprom group.

'Gazprom has also received 50 per cent in Wintershall Noordzee B.V., which is involved in hydrocarbon exploration and production in the North Sea. In turn, Wintershall has obtained 25.01 per cent in the project for developing blocks 4A and 5A in the Achimov deposits of the Urengoy oil, gas and condensate…

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Tags: GAZPROM, BASF
Chronicle:
GAZPROM BASF SWAP
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