- BASF subsidiary Wintershall participates in Yuzhno
  Russkoye gas field
- Gazprom increases its interest in WINGAS
- New joint venture for gas trading in Europe
- Gazprom is going to participate in exploration and
  production activities

Tomsk. BASF and Gazprom are to extend and intensify their successful cooperation internationally: During the Russian-German government consultations being held in Tomsk, Siberia, the CEOs of the two companies, Dr. Jürgen Hambrecht and Alexei Miller, have signed an agreement to this effect in the presence of Russia’s President Vladimir Putin and Germany’s Chancellor Angela Merkel.

“The agreement we have just signed demonstrates that Russia and Germany are able to build upon one another. It contributes to the further development of a stable and reliable partnership between Gazprom and BASF,” said Jürgen Hambrecht, CEO of BASF Aktiengesellschaft. Alexei Miller, CEO of OAO Gazprom, emphasized: “The agreements regulate an equal exchange of assets in the natural gas production and marketing, which reflect the strategic interests of both companies.

All necessary contracts, which this agreement legally substantiates, have already been finalized and are to be signed this year. Our co-operation with BASF is one of a kind and encompasses the entire value creation chain: from exploration and production of natural gas in West Siberia and its transportation through the North-European Gas Pipeline to its further distribution over the entire Pipeline network in Germany as well as in other European countries. Through this, we open up further opportunities for a long-term and reliable supply of Russian natural gas in Europe to competitive conditions.“


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