Gazprom and OMV sign documents to expand strategic cooperation

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Alexey Miller, Chairman of the Management Committee of Gazprom, and Rainer Seele, Chairman of the Executive Board of OMV, signed today at the St. Petersburg International Economic Forum 2017 a number of documents aimed at expanding the strategic cooperation between the companies.

Gazprom and OMV sign documents to expand strategic cooperation
Gazprom and OMV sign documents to expand strategic cooperation

Rainer Seele and Alexey Miller

The parties inked a Memorandum of Understanding. The document outlines the principles of potential cooperation between Gazprom and OMV in coordinating efforts aimed at developing the gas transmission infrastructure required for providing natural gas supplies to Central and Southeastern Europe.

The companies also signed a Framework Agreement to collaborate in the small-scale LNG sector. According to the document, the parties intend to cooperate in implementing a joint integrated construction project for a small-scale LNG terminal in the area of the Black Sea coast with the purpose of producing, transporting, marketing and selling small-scale LNG.

Background

OMV is Gazprom’s main partner in Austria. The companies cooperate in gas production, transportation and supplies.

In 2016, Gazprom exported to Austria 6.1 billion cubic meters of gas, which is 38 per cent more than in 2015 (4.4 billion cubic meters).

 

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