PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: BASF

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Gazprom, BASF, E.ON, ENGIE, OMV and Shell Sign Shareholders’ Agreement on the Nord Stream 2 Project - The Nord Stream 2 project envisages the construction of two offshore pipelines with the aggregate annual capacity of 55 billion cubic meters of gas to be constructed from Russia to Germany through the Baltic Sea
Gazprom, BASF, E.ON, ENGIE, OMV and Shell Sign Shareholders’ Agreement on the Nord Stream 2 Project

 

NewswireToday - /newswire/ - Moscow, Russia, 2015/09/04 - The Nord Stream 2 project envisages the construction of two offshore pipelines with the aggregate annual capacity of 55 billion cubic meters of gas to be constructed from Russia to Germany through the Baltic Sea. DE000BASF111

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Today at the Eastern Economic Forum in Vladivostok, Alexey Miller, Chairman of the Gazprom Management Committee, Kurt Bock, Chairman of the Board of Executive Directors of BASF SE, Klaus Schäfer, Member of the Board of Management, E.ON SE, Pierre Chareyre, Executive vice-president of ENGIE, Rainer Seele, Chairman of the Executive Board of OMV and Ben van Beurden, Chief Executive Officer of Royal Dutch Shell signed a Shareholders’ Agreement on implementation of the Nord Stream 2 pipeline project to enhance supply of natural gas to the European Union’s market. The project will be developed by the new project company New European Pipeline AG. According to the document, Gazprom will own a 51 per cent share in the project company. E.ON, Shell, OMV and BASF/Wintershall will each own ten per cent and ENGIE will hold nine per cent.

The Nord Stream 2 project envisages the construction of two offshore pipelines with the aggregate annual capacity of 55 billion cubic meters of gas to be constructed from Russia to Germany through the Baltic Sea. The project will build on the positive experience of Nord Stream in implementing safe and reliable infrastructure.

“Nord Stream 2 will double the throughput of our direct, state-of-the-art gas supply route via the Baltic Sea. It is important that those are mostly the new gas volumes, which will be sought for in Europe due to the continuous decline in its domestic production.

The fact that the global energy majors participate in the project bespeaks its significance for securing reliable gas supply to European consumers,” said Alexey Miller.

“For more than 20 years, BASF (basf.com) has been participating in the construction of pipelines to ensure secure supplies of Russian gas to Europe. We want to bring our expertise to the expansion of Nord Stream and look forward to working with Gazprom and the other partners on this important infrastructure project,” said Kurt Bock.

“With the expansion of Nord Stream we will further secure reliable natural gas supplies for Germany and the EU in the long-term. This project will strengthen our more than 40-year-lasting successful partnership with Gazprom,” said Klaus Schäfer.

“Following the success of Nord Stream 1, ENGIE is very pleased with this commitment to be part of the Nord Stream 2 project. As a key player in European natural gas, ENGIE has always supported new gas infrastructures, which enable diversification and better security of supply for the European market. Gas will remain a key resource within the energy transition in Europe and a strong component of ENGIE’s strategy,” said Pierre Chareyre.

“Nord Stream 2 is a pipeline project directly connecting gas production from Russia with Western European gas markets, thus showing the highest transport security for the customers. With this additional import capacity we can further strengthen the gas hub in Central Europe.” said Rainer Seele.

“Natural gas will be a crucial part of the energy mix in Europe for a long time. New projects like Nord Stream 2 are needed to ensure that Europe’s demand for energy is met, especially as gas production in Europe itself is falling,” said Ben van Beurden.

Media:
P: +7 (495) 719-10-77 / +7 (495) 719-49-37 / +7 (495) 719-47-36 / +7 (495) 719-28-01 - E: pr[.]gazprom.ru

Investment Community
P: +7 (495) 719-34-83 - ir[.]gazprom.ru.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: BASF

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


Gazprom, BASF, E.ON, ENGIE, OMV and Shell Sign Shareholders’ Agreement on the Nord Stream 2 Project

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

BASF | Nord Stream 2 Project
Publisher Contact: Jennifer Moore-Braun - BASF.com 
+49 621 60 99123 jennifer.moore-braun[.]basf.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any BASF securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From BASF / Company Profile


Read Manufacturing/Robotics Most Recent Related Newswires:

Metso Introduces Low-maintenance N Series NSP Briquetting Presses for Scrapyards and Metal-processing Industry
ADVA Optical Networking’s Data Security Technology Achieves German BSI Approval
BASF to Launch New Light Stabilizers for Wood and Metal Coatings
ADVA Optical Networking Adds New Members to its Ensemble Harmony Ecosystem
Raritan Signs SYNNEX Corporation as Distributor of Data Center Product Portfolio
PPG Expert to Present on Sprayable Transparent Functional Coatings At 2017 Smart Coatings Symposium
BASF Presents its Updated Polyurethane Portfolio At SIMAC 2017 in Milan
Outokumpu Prodec High Machinability Bar to be Supplied by IMS in the Benelux
Fraunhofer TechBridge Launches SunRISE Challenge II in Partnership with DSM and Greentown Labs, Seeking Innovations in Solar Energy
Hexagon Manufacturing Intelligence Introduces New Laser Scanning Technology for Portable Measuring Arm Systems
ADVA Optical Networking Launches Hypervisor for Optical Network Virtualization
Master Builders Solutions® At BetonTage Trade Show in Neu-Ulm
BASF and the European Space Agency to Develop Digital Services for Farmers
Rockwell Automation Releases FactoryTalk View V9.0 Software to Improve Insight into Plant Processes
BASF Acquires Rolic AG - A Specialist in Light Management for Advanced LCD/OLED Displays

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)