RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2015-09-04 18:40:00

BASF & GAZPROM DEAL

BASF & GAZPROM DEAL

German chemicals group BASF and Gazprom agreed to revive a deal that collapsed in late 2014 to swap gas assets that will see BASF exit gas trading and storage and the Russian energy giant expanding into Western Europe, BASF said on Friday.

BASF said the surprise deal would be based on conditions already agreed to by the two firms in 2013 and would conclude by the end of 2015.

The two firms abandoned the swap agreement in late 2014 after companies across Europe suffered under tensions between Moscow and the West, particularly due to the conflict in Ukraine.

The swap deal gives Russia greater access to gas trading and storage in Germany, in return for BASF's oil and gas unit Wintershall getting more stakes in Siberian gas fields.

Wintershall will transfer a jointly operated natural gas trading and storage business fully to Russian state-controlled gas producer Gazprom. Gazprom will receive a 50 percent share in Wintershall Noordzee B.V., which explores for and produces oil and gas in the North Sea.

reuters.com

-----

More: 

GERMANY DEFENDS GAZPROM 

ГАЗПРОМ ВЫРОС НА 50% 

TOP 10 OIL COMPANIES 

RUSSIAN GAS UP 50% 

SHELL & GAZPROM EXCHANGE

 

 

Tags: BASF, GAZPROM, GAS
Chronicle:
BASF GAZPROM DEAL
2021, September, 17, 11:47:00
ENERGY TRANSITION TO CARBON NEUTRALITY AS A FACTOR OF UNPRECEDENTED ACCELERATION OF GLOBAL WARMING
The article reveals the reasons for the unprecedented acceleration of global warming, which was reported by the IPCC in the report "Climate Change 2021", offers proposals for their elimination, as well as for eliminating their consequences.
BASF GAZPROM DEAL
2021, September, 17, 11:45:00
NO NUCLEAR FOR SPAIN
Under Spain's nuclear phase-out policy, its nuclear fleet is scheduled to shut down by 2035.
BASF GAZPROM DEAL
2021, September, 17, 11:40:00
WIND ENERGY FOE CHILE 980 MW
The US$700m project, which is expected to generate 2 TWh/year, will include 140 turbines with a maximum power of 7 MW.
BASF GAZPROM DEAL
2021, September, 17, 11:35:00
U.S. OIL INVENTORIES DOWN BY 6.4 MB TO 417.4 MB
U.S. commercial crude oil inventories decreased by 6.4 million barrels from the previous week to 417.4 million barrels.
BASF GAZPROM DEAL
2021, September, 16, 14:00:00
OIL PRICE: ABOVE $75
Brent was up 11 cents, or 0.2%, to $75.57 a barrel, WTI was up 11 cents, or 0.2%, to $75.57 a barrel.
BASF GAZPROM DEAL
2021, September, 16, 13:50:00
EUROPEAN CLIMATE ADAPTATION
Adaptation measures include flood prevention measures and renovating buildings to make them more resilient to extreme temperature. The changes required vary across the continent, but recent events have shown that climate change poses a threat to Europe’s cities.
BASF GAZPROM DEAL
2021, September, 16, 13:45:00
GAS IS A KEY
Despite adaptations of new fuels and technologies to help achieve the net-zero goal, natural gas will continue to play a vital function for the foreseeable future.
All Publications »