Gazprom and Wintershall address cooperation issues
Background
In 2017, Gazprom’s gas supplies to Germany hit a record high of 53.4 billion cubic meters, showing a 3.6 billion cubic meters (7.2 per cent) increase against the 2016 record of 49.8 billion cubic meters.
Wintershall Holding GmbH, a wholly-owned subsidiary of BASF SE, is Gazprom’s partner in gas transmission (Nord Stream gas pipeline) and development of the Yuzhno-Russkoye oil, gas and condensate field, as well as Blocks 1A, 4A and 5A in the Achimov formations of the Urengoyskoye oil, gas and condensate field.
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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