Add to favorite
 
123
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa


BASF Will Cooperate With Gazprom
October 19, 2015 11:00


(Source: http://nanews.org)

The German concern BASF plans to invest about two billion euros in joint projects with “Gazprom” in the next five years. It was reported by “Interfax” referring to the statement of the Head of BASF Kurt Bock made at a press conference.

BASF is one of the main partners of “Gazprom” in the implementation of the “Nord Stream 2” project. At the same time on October 8 the European Commissioner for Climate and Energy, Miguel Arias Cañete, speaking before the members of the European Parliament in Strasbourg said that the gas pipeline project “Nord Stream-2” did not correspond to the EU strategy on diversification of the sources and routes of gas supplies. Cañete noted that if the pipeline was built, it would not only increase Europe’s dependence on a single supplier, but also increase Europe’s dependence on a single route. 80 percent of gas exports from Russia after completion of construction will be delivered in Germany. In turn, this will lead to a dominant position of “Gazprom” on the market.

The Shareholders’ Agreement on the construction of the third and fourth lines of the pipeline “Nord Stream” (“Nord Stream-2” project) was signed in early September within the framework of the Eastern Economic Forum in Vladivostok. The structure of the new consortium includes “Gazprom”, E.ON, Shell, BASF / Wintershall, OMV and ENGIE. (51 percent are owned by the Russian concern, 9 percent – by ENGIE, the rest own 10 percent). New two lines with a total annual capacity of 55 billion cubic meters will go from the Russian coast of the Baltic Sea to Germany.

The current “Nord Stream” pipeline includes two lines that are 1224 kilometers long with a capacity of 27.5 billion cubic meters per year each. It passes through the bottom of the Baltic Sea and connects the power system of the European Union with the largest natural gas fields in Western Siberia.


Sources: http://lenta.ru 


Author: Anna Dorozhkina

Tags: Gazprom     

Next Previous

You might also find interesting:

Gazprom Signed a Memorandum With CNPC "Live Fast, Die Young" - 10 Russian Celebrities Gone Too Soon France and Russia Sorted out their Relationship Top 10 Russian Banks Natalia Ishchenko About Six Gold Medals in Shanghai And Upcoming London Olympics









Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Archeology  Saransk  Russian tourism  RSC "Energia"  Pushkin Museum of Fine Arts  Nenets Autonomous Okrug  Film Festivals in Russia  Customs and Traditions  Cars  Russian winter  Moscow Circuses  Classical Music  Russian history  Russian Cinema  Russian GDP  Mercedes-Benz Fashion Week Russia  Kungur Ice Caves  St. Petersburg  hotels in Moscow  Taltzy  Russian souvenirs  Teletskoye Lake  Sergei Ovchinnikov  Golden Eagle  Festivals in Moscow  Mosow Theatres  Belokurikha  Exhibitions in Moscow  Vladikavkaz  Nakhodka  Sochi  Russian Literature  Blatnyak  Sverdlovsk region  Moscow  Nikita Mikhalkov  Russian business  Forest Museum   Moscow monuments  Russian universities  Photo Exhibitions  US sanctions  corruption  Perm  Siberia  Russia-US  Karelia   TNK-BP  International Monetary Fund  PhotoHub_Manometr 


Travel Blogs
Top Traveling Sites