Alexey Miller and Markus Ederer, EU Ambassador to Russia, discuss gas supplies and gas transmission projects
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Markus Ederer, Ambassador of the European Union to the Russian Federation, Head of the EU Delegation to Russia, took place in Moscow today.
The parties discussed issues related to cooperation in the energy sector. It was noted that Gazprom was the largest supplier of natural gas to the European Union. Following the record year of 2017, the Company continues to ramp up its exports. According to preliminary data, gas supplies to the European Union in the period from January 1 through November 28, 2018, added 6.2 per cent compared to the same period of last year.
Alexey Miller briefed Markus Ederer on the status and prospects of the new major gas production center in the Yamal Peninsula. The center will replace the Nadym-Pur-Taz region, the reserves of which are gradually dwindling, and will gain crucial importance for decades ahead. The new resource base is virtually reshaping the map of gas flows. In order to transport gas from Yamal, efforts are being made to expand the northern gas transmission corridor, the capacities of which include state-of-the-art and high-tech gas pipelines. The northern gas transmission corridor is being extended via the Nord Stream gas pipeline and the under-construction Nord Stream 2 project. In addition to offering the shortest route for delivering gas from Yamal to northwestern Europe, the corridor is also highly reliable and cost-effective.
Alexey Miller and Markus Ederer discussed the progress of the Nord Stream 2 and TurkStream projects. Construction of the new gas pipelines will contribute to the reliability of gas supplies to Europe and will have a positive impact on the economy of the European Union.
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.
TurkStream is the project for a gas pipeline stretching across the Black Sea from Russia to Turkey and further to Turkey's border with neighboring countries. The first string of TurkStream is intended for Turkish consumers, while the second string will deliver gas to southern and southeastern Europe. Each string will have the throughput capacity of 15.75 billion cubic meters of gas per year. On November 19, 2018, South Stream Transport B.V. completed the construction of the gas pipeline's offshore section.