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A service for energy industry professionals · Wednesday, November 21, 2018 · 468,919,841 Articles · 3+ Million Readers

Alexey Miller and Germany’s Minister for Economic Affairs and Energy Peter Altmaier discuss cooperation issues

Release

A Gazprom delegation headed by Alexey Miller, Chairman of the Company’s Management Committee, paid a working visit to the Federal Republic of Germany today. As part of the visit, a working meeting between Alexey Miller and Peter Altmaier, Federal Minister for Economic Affairs and Energy of Germany, took place in Berlin.

The parties discussed a wide array of issues related to cooperation in the gas sector. It was noted that Germany, the world’s biggest importer of Russian gas, had been consistently increasing the volume of its purchases for the fourth consecutive year since 2015. According to provisional data, Gazprom delivered 48.6 billion cubic meters of gas to the German market from January 1 through November 6, 2018. This marks an increase of 4.9 billion cubic meters from the same period of the previous year, when Germany set a record for Russian gas imports at 53.4 billion cubic meters.

It was stressed at the meeting that Gazprom’s interaction with German companies was strategic and covered the entire value chain, including joint gas production in Russia and efforts in the area of gas storage, transmission and sales across Europe.

Particular attention was given to the Nord Stream 2 project. Offshore pipelaying is currently underway in German territorial waters and in the exclusive economic zone of Finland. It was noted that the project was justified by the high relevance of the operational Nord Stream gas pipeline and the growing demand for Russian gas in Europe.

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.

Nord Stream is the export gas pipeline running across the Baltic Sea to Germany. Its annual design capacity is 55 billion cubic meters of gas. The pipeline is operated by Nord Stream AG.

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.

 

Information Directorate, Gazprom

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pr@gazprom.ru

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