Gazprom and BASF to Sign Asset Swap Deal Before Year-End

Led by Alexey Miller, Chairman of the Gazprom Management Committee the company’s delegation paid on Monday a visit to Germany.

As part of the visit, Alexey Miller met with Kurt Bock, Chairman of the Board of Executive Directors of BASF.

The parties addressed the bilateral cooperation in the energy sector, particularly, as part of the Nord Stream project and the South Stream offshore section construction.

The meeting participants also highlighted the doubling of Russian gas supply via the Nord Stream gas pipeline in the first half of the current year as compared to the corresponding period of 2012.

In addition, Alexey Miller and Kurt Bock paid attention to the cooperation deepening between Gazprom and Wintershall and looked at the current asset swap deal between the companies. It was noted that the final swap agreement would be signed in 2013 and the deal would be closed in 2014.

[mappress]
LNG World News Staff, September 10, 2013; Image: Gazprom