Gazprom and Gasunie address joint efforts for gas transmission
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Han Fennema, Chairman of the Executive Board and CEO of Gasunie, took place today at the St. Petersburg International Economic Forum 2018.
The parties discussed issues related to the ongoing cooperation between the companies, in particular concerning gas transmission to Europe. In that connection, the meeting participants expressed appreciation for the success of joint efforts within the active Nord Stream project. It was noted that over 229 billion cubic meters of Russian gas had already been delivered to consumers via the pipeline.
In the course of the meeting, the parties emphasized the need to develop the gas transmission infrastructure of northwestern Europe in order to satisfy the additional demand for natural gas amid the expected decline in the region's production.
Gasunie is a European gas infrastructure company whose network ranks among the largest high pressure gas pipeline grids in Europe.
Nord Stream is the export gas pipeline with the annual capacity of 55 billion cubic meters of gas running across the Baltic Sea from Russia to Germany. The pipeline is operated by the Nord Stream AG joint venture (Gazprom – 51 per cent, Wintershall and E.ON – 15.5 per cent each, and Gasunie and ENGIE – 9 per cent each). The first and second strings of Nord Stream were brought into operation in November 2011 and October 2012, respectively.