MORE RUSSIAN GAS FOR AUSTRIA
GAZPROM - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, took place in St. Petersburg.
The parties reviewed current issues related to cooperation. It was noted that 2018 had been marked by the signing of documents that were of strategic importance for further interaction in a wide range of areas.
Particular attention at the meeting was paid to the growing demand for gas supplied by Gazprom to Austria. In the period from January 1 through January 27, 2019, gas exports totaled an estimated 1.2 billion cubic meters, an increase of 35 per cent from the same period of last year.
Alexey Miller and Rainer Seele discussed the ongoing construction of the Nord Stream 2 gas pipeline. It was highlighted that the construction was moving on schedule. The parties stressed the importance of creating a new route for exports from Russia with a view to improving Europe's energy security.
OMV AG is Gazprom's main partner in Austria. The companies cooperate in gas production, transportation and supplies.
Since 2017, OMV has been partnering with Gazprom in the Yuzhno-Russkoye oil, gas and condensate field development.
In June 2018, an Agreement was signed to extend until 2040 the existing contract between Gazprom Export and OMV Gas Marketing & Trading GmbH for Russian gas supplies to Austria.
In November 2018, an Amendment to the contract on gas supplies to Austria was inked. According to the document, gas deliveries to Austria would be increased by 1 billion cubic meters per year beyond the contractual amount for the entire contract period.
In October 2018, Gazprom and OMV signed the Memorandum on Strategic Cooperation.
Also in October 2018, Gazprom and OMV inked the Basic Agreement on Asset Sale. In accordance with the document, OMV would obtain a 24.98 per cent stake in the project for developing Blocks 4A and 5A in the Achimov formations of the Urengoyskoye field.
Nord Stream 2 is the construction project for a gas pipeline with the annual capacity of 55 billion cubic meters from Russia to Germany across the Baltic Sea.
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GREENENERGY - We take an immense pleasure to extend our warm welcome to invite all the participants from all over the world to attend 7th World Congress and Expo on Green Energy during June 24-25, 2019 Barcelona, Spain
МИНЭНЕРГО РОССИИ - «Мы считаем, что проект газопровода – коммерческий, и в нем заинтересованы европейские компании. Из-за того, что потребление газа в Европе будет расти, а собственная добыча – падать, Европа будет нуждаться в дополнительных объемах импорта. Наша конкурентоспособность подтверждена годами. Уверен, что проект будет реализован, он станет одним из основных инфраструктурных проектов на десятилетия вперед»,
ГАЗПРОМ - Отдельное внимание на встрече было уделено ходу реализации проекта «Северный поток — 2». Отмечено, что укладка газопровода в Балтийском море идет по графику.
REUTERS - Russia's planned Nord Stream 2 gas pipeline direct to Germany is set to face EU market rules after negotiators agreed informally to change the EU's gas directive to apply to offshore gas links, the European Commission said late Tuesday.