Gazprom’s exports to Germany grow by 3 billion cubic meters since early 2017

RELEASE

A working meeting between Alexey Miller, Chairman of the Management Committee of Gazprom, and Klaus Schaefer, Chief Executive Officer, Member of the Management Board of Uniper, took place in St. Petersburg today.

The parties paid particular attention to Nord Stream 2, noting that the signing of the financing agreements was crucial to the implementation of the project.

The meeting also touched upon Russian gas exports to Germany. From January 1 to May 30, 2017, Gazprom supplied 22.3 billion cubic meters of gas to the German market, which is 3 billion cubic meters (or 15.7 per cent) more than in the same period of last year.

Background

Uniper SE is a subsidiary of E.ON SE focused on power generation and global energy trading.

Gazprom and Uniper cooperate in gas supplies and transportation abroad and implement joint scientific & technical and social & cultural programs.

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. The project is implemented by Nord Stream 2 AG, where Gazprom is the sole shareholder. On April 24, 2017, Nord Stream 2 AG, ENGIE S.A., OMV AG, Royal Dutch Shell plc, Uniper SE, and Wintershall Holding GmbH signed the financing agreements for the Nord Stream 2 project.

In 2016, Gazprom's gas supplies to Germany hit a record high of 49.8 billion cubic meters (a 10 per cent increase compared to 2015).

 

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