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Gazprom and BASF address joint hydrocarbon production projects in Russia

Background

BASF SE is a leader in the global chemical industry. The company’s portfolio includes oil and gas, chemicals, synthetics, and petroleum derivatives.

Wintershall Holding GmbH, a wholly-owned subsidiary of BASF, is in a partnership with Gazprom to develop the Yuzhno-Russkoye oil, gas and condensate field and Blocks 1A, 4A and 5A in the Achimov deposits of the Urengoyskoye oil, gas and condensate field.

Nord Stream is the export gas pipeline with the annual design capacity of 55 billion cubic meters of gas running across the Baltic Sea to Germany. The project operator is the Nord Stream AG joint venture (Gazprom – 51 per cent, Wintershall Holding and Uniper – 15.5 per cent each, and Gasunie and ENGIE – 9 per cent each).

Nord Stream 2 is the construction project for a gas pipeline with the annual capacity of 55 billion cubic meters from Russia to Germany across the Baltic Sea.

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