Gazprom, OMV talk gas cooperation

Gazprom’s head Alexey Miller met with Rainer Seele, Chairman of the OMV Executive Board to discuss bilateral cooperation.

The parties particularly addressed gas supplies to Austria as well as the implementation of the Nord Stream II project, Gazprom said in a statement.

Earlier in September, Gazprom, E.ON, Shell, OMV, BASF and ENGIE inked the shareholders agreement to construct the Nord Stream II gas pipeline system with the capacity of 55 billion cubic meters of gas a year from Russia to Germany across the Baltic Sea.

In addition, the meeting participants discussed a possible asset swap. The two companies already signed an agreement on the asset swap according to which OMV will acquire a 24.98 percent stake in the project for developing Blocks 4A and 5A of the Achimov deposits at the Urengoy oil, gas and condensate field in exchange for Gazprom’s participating interest in OMV.


LNG World news Staff; Image: Gazprom