Upward trend for Russian gas supplies to France still strong in 2017
Background
France's ENGIE S.A. (prior to 2015 – GDF SUEZ) is focused on natural gas exploration, production, processing and marketing, as well as power generation and energy services.
Gazprom and ENGIE cooperate in gas supplies, sci-tech development, and personnel training. The companies also pursue joint cultural projects.
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. The project is implemented by Nord Stream 2 AG, where Gazprom is the sole shareholder. On April 24, 2017, Nord Stream 2 AG, ENGIE S.A., OMV AG, Royal Dutch Shell plc, Uniper SE, and Wintershall Holding GmbH signed the financing agreements for the Nord Stream 2 project.
