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Gazprom and BASF Discuss Cooperation On gas Production and Nord Stream 2 project

A working meeting of Alexey Miller, Chairman of the Gazprom Management Committee, with Hans-Ulrich Engel, Vice Chairman of the Board of Executive Directors of BASF, Chairman of the Supervisory Board of Wintershall Dea, and Mario Mehren, Chairman of the Executive Board of Wintershall Dea, took place today at the St. Petersburg International Economic Forum 2019.

The meeting participants reviewed issues related to cooperation between the companies. Particular attention was paid to joint actions for hydrocarbon production in Russia, namely at the Urengoyskoye and Yuzhno-Russkoye fields. It was noted that the Yuzhno-Russkoye field has yielded about 276 billion cubic meters of natural gas, including 0.9 billion cubic meters of hard-to-recover Turonian gas, since the start of production operations. At present, pilot development of the Turonian gas deposit (the only project of this type in Russia) is well underway at the field. Commercial production is scheduled to start in late 2019.

The parties also discussed the status and prospects of gas supplies from Russia to Germany and the progress of the Nord Stream 2 project.

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Source: Gazprom
Date: Jun 6, 2019

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