GAZPROM, BASF COOPERATION

GAZPROM - June 6, 2019, 12:05. A working meeting of Alexey Miller, Chairman of the Gazprom Management Committee, with Hans-Ulrich Engel, Vice Chairman of the Board of Executive Directors of BASF, Chairman of the Supervisory Board of Wintershall Dea, and Mario Mehren, Chairman of the Executive Board of Wintershall Dea, took place today at the St. Petersburg International Economic Forum 2019.

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 noted that the Yuzhno-Russkoye field has yielded about 276 billion cubic meters of natural gas, including 0.9 billion cubic meters of hard-to-recover Turonian gas, since the start of production operations. At present, pilot development of the Turonian gas deposit (the only project of this type in Russia) is well underway at the field. Commercial production is scheduled to start in late 2019.

The parties also discussed the status and prospects of gas supplies from Russia to Germany and the progress of the Nord Stream 2 project.

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Earlier: 

2018, October, 29, 12:10:00 WINTERSHALL IPO PLATTS - In September 27, 2018, BASF signed a transaction agreement with LetterOne to merge their respective oil and gas businesses, Wintershall and DEA, into a joint venture. English

2018, October, 1, 11:10:00 WINTERSHALL & LETTERONE MERGER MEOG - Chemicals company BASF and investment company LetterOne signed a transaction agreement to merge their respective oil and gas businesses in a joint venture, which will operate under the name Wintershall DEA. English

2017, December, 13, 12:20:00 LETTERONE & BASF MERGER LETTERONE - BASF and L1 Energy, the energy investment arm of LetterOne, announce their intention to merge their oil and gas subsidiaries. English

2016, May, 27, 20:05:00 СЕВЕРНЫЙ ПОТОК - 2: € 8 МЛРД. Nord Stream 2 – консорциум будущих акционеров проекта, куда входят «Газпром», BASF/Wintershall, Uniper, Engie, OMV и Shell. «Северный поток – 2» протяженностью около 1200 км пройдет по дну Балтийского моря от российского побережья до Германии. Пропускная способность двух ниток – 55 млрд куб. м в год, он должен вдвое увеличить мощность газопровода «Северный поток» . Русский

2015, December, 17, 19:50:00 STRETCHED NORD STREAM The Nord Stream II pipeline would stretch 1,200 kilometers across the Baltic Sea, from Vyborg on the Russian coast to Griefswald, Germany. Once completed, it would have the capacity to transport 27.5 billion cubic meters of gas directly to Germany, circumventing Ukraine and the Central and Eastern European states. Russia’s Gazprom would own 50% of the project, and France’s Engie, Austria’s OMV, Royal Dutch Shell, and Germany’s BASF and E.ON each would own a 10% share. English