The Memorandum reflects the parties’ intent to implement a project for the construction of two gas pipeline strings from the Russian coast to the German coast via the Baltic Sea. The capacity of the new gas pipeline will reach 55 billion cubic meters a year.
The Yamal Peninsula is a special region of Russia. It is a real oil and gas depository of the country. Over 30 years employees of Spetsgazavtotrans perform their job duties in completely inhabitable living conditions.
40 years of stable supplies of Russian gas to France is a clear testament of constructive, mutually beneficial relations between two world class companies. We proceed in our cooperation with ENGIE based on long-term contracts which constitute an important element of energy security in France.