Gazprom and BASF sign up to Nord Stream 2

Nord Stream extensionGazprom and BASF yesterday formally agreed to work together on the construction of the Nord Stream 2 gas pipeline connecting Russia and Germany along the bed of the Baltic Sea. The agreement was signed in Berlin by Gazprom’s Alexander Medvedev BASF’s Hans-Ulrich Engel. The annual capacity of the new pipeline will be 55bn m³.
“For over twenty years now, Gazprom and BASF have jointly constructed gas pipelines meant for reliable supply of Russian gas to Europe,” said Engel. “We are ready to apply the expertise gained in this area to the Nord Stream extension. We are happy to know that Gazprom and other European partners declared their determination to take part in this important infrastructure project.” In 2014 Gazprom sold 40.3 bn m ³ to Germany making it the largest consumer of Russian gas.

Source: gazprom