Moscow police say 250 people take part in protest rallyWorld April 29, 16:29
Diplomat calls US’ allegations about isolation of Russia in UN 'strange'Russian Politics & Diplomacy April 28, 20:58
Experts say Russian hackers strongly demonized in USRussian Politics & Diplomacy April 28, 20:35
Ferrari drivers clock best time in Practice Two of Russia F1 GP in SochiSport April 28, 19:54
Red Bull’s advisor Marko says Kvyat to possibly remain with Toro Rosso next yearSport April 28, 19:16
Pope Francis blesses pregnant TASS correspondent en route to EgyptWorld April 28, 18:55
Russian diplomat says use of military force against North Korean unacceptable, dangerousRussian Politics & Diplomacy April 28, 18:45
UN chief calls for lowering risk of miscalculation concerning North Korea issueWorld April 28, 18:15
Moscow deeply regrets Montenegro’s decision to join NATORussian Politics & Diplomacy April 28, 18:07
MOSCOW, October 1. /TASS/. Gazprom and Germany's Wintershall have completed the asset swap deal, according to the joint press release published Thursday.
As a result of the transaction, Gazprom has increased its stake in gas selling and storage companies in Europe - WINGAS, WIEH and WIEE - to 100%, and received 50% in the WINZ company, engaged in the exploration and production of hydrocarbons in the North Sea.
Through the transaction Wintershall receives the economic equivalent of 25.01% of the blocks IV and V in the Achimov formation of the Urengoy natural gas and condensate field in Western Siberia. The two blocks will be jointly developed by Gazprom and Wintershall. According to the development plan confirmed by the Russian mining authority, blocks IV and V have total hydrocarbon resources of 274 bln cubic meters of natural gas and 74 mln metric tonnes of condensate. This is equivalent to a total of 2.4 bln barrels of oil equivalent (boe). An annual plateau production of at least 8 bln cubic meters of natural gas is expected from the two blocks. Production is planned to start in 2018.
According to Gazprom CEO Alexey Miller, Gazprom has been a reliable supplier of Europe for more than 40 years. Strengthening the company's position in the European segment of storage and gas sales will guarantee stable gas supply to consumers.
Chairman of the Board of Executive Directors of BASF SE Kurt Bock added, that the company looks forward to further cooperation with Gazprom in the joint production of natural gas and gas condensate production in Western Siberia.