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Gazprom CEO discussed implementation of Nord Stream-2 project in France — company

October 22, 2015, 21:57 UTC+3 MOSCOW
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MOSCOW, October 22. /TASS/. Chief Executive Officer of Gazprom Alexey Miller discussed development of gas transportation routes for supplies of Russian gas to Europe with the Chief of Staff of the President of France Jean-Pierre Jouyet, the Russian gas holding said on Thursday.

The demand for gas import will grow in Europe along with production decline on the continent, Gazprom said. At the same time, the meeting participants said implementation of Nord Stream-2 project will significantly improve reliability of gas supplied for European nations.

Miller also had a business meeting with Chief Executive Officer of France’s Engie Gerard Mestrallet, Gazprom said. The parties discussed preparation for construction of Nord Stream-2 gas pipeline.

Nord Stream-2 is a construction project of a natural gas pipeline with a capacity of 55 bln cubic meters from Russia to Germany across the Baltic Sea. The route and the entry point to the German gas transport system in Greifswald are intended to be the same as for the first Nord Stream gas pipeline launched in 2011.

The project will be implemented by the joint project company, where Gazprom will hold 51%, E.ON, Shell, OMV and BASF / Wintershall - 10% each, and Engie - 9%.

Infographics Russia's gas pipelines to Europe by 2018 Russia's gas pipelines to Europe by 2018

Russia's gas giant Gazprom intends to completely abandon gas supplies to Europe through Ukraine after 2018 with the help of a new pipeline to Turkey. Infographics by TASS

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