Upward trend for Russian gas supplies to France still strong in 2017
A working meeting between Alexey Miller, Chairman of the Management Committee of Gazprom, and Gerard Mestrallet, Chairman of the Board of Directors of ENGIE, took place today at the St. Petersburg International Economic Forum 2017.
The parties discussed Russian gas supplies to France. It was noted that gas exports to the country had increased by 18.2 per cent in 2016, reaching a total of 11.5 billion cubic meters. The upward trend continues: from January through May 2017 Russian gas deliveries to France added 8.8 per cent compared to the same period of 2016.
The meeting participants also reviewed the progress of the Nord Stream 2 project.
France's ENGIE S.A. (prior to 2015 – GDF SUEZ) is focused on natural gas exploration, production, processing and marketing, as well as power generation and energy services.
Gazprom and ENGIE cooperate in gas supplies, sci-tech development, and personnel training. The companies also pursue joint cultural projects.
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.