Gazprom holds talks on Nord Stream II construction

Gazprom has held talks with OMV and Wintershall’s parent company BASF about the planned Nord Stream II project in the Baltic Sea.

Jul 9th, 2015

Offshore staff

BERLIN, Germany – Gazprom has held talks with OMV and Wintershall’s parent company BASF about the planned Nord Stream II project in the Baltic Sea.

Last monthGazprom, E.ON, OMV, and Shell signed a memorandum of intent concerning construction of two further strings of the Nord Stream gas pipeline system providing aggregate capacity of 55 bcm/yr (1.9 bcf/yr).

These will traverse the Baltic Sea and will be connected to landfall points on the Russian and German coasts.

Discussions with OMV included forming of a joint venture responsible for the gas pipeline design, construction and operation, and OMV’s proposed acquisition of a stake in the joint venture.

BASF also discussed participation in the construction of Nord Stream II.

07/09/2015

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