Gazprom and Shell discuss bilateral cooperation in oil and gas sector
A working meeting took place today between Alexey Miller, Chairman of the Gazprom Management Committee and Peter Voser, Chief Executive Officer of Royal Dutch Shell.
The parties discussed the main issues of the bilateral cooperation in the oil and gas sector, including exploration, extraction, processing, LNG production as well as oil and gas sales in the global energy market.
In particular, the meeting participants looked into the possibility of joint activities as part of the Russian Arctic shelf development as well as deepwater developments in third countries.
In addition, Alexey Miller and Peter Voser addressed the prospects for shale oil exploration and development in the Khanty-Mansiysk Autonomous Area.
Background
Shell is a British-Dutch petroleum company focused on hydrocarbons production, processing and marketing in over 90 countries of the world.
On November 30, 2010 Gazprom and Shell signed the Protocol on Global Strategic Cooperation providing for a wider interaction of the companies in hydrocarbons exploration, production, processing and distribution in Russian and international energy markets.
On April 8, 2013 Gazprom and Shell signed the Memorandum outlining the principles of cooperation within hydrocarbons exploration and development in Russia's Arctic shelf and a part of deepwater shelf abroad.
