Gazprom and Shell Sign Shareholders’ Agreement on the Nord Stream 2 Project
NewswireToday – /newswire/ – Moscow, Russia, 2015/09/04
The Nord Stream 2 project envisages the construction of two offshore pipelines with the aggregate annual capacity of 55 billion cubic meters of gas to be constructed from Russia to Germany through the Baltic Sea.
Today at the Eastern Economic Forum in Vladivostok, Alexey Miller, Chairman of the Gazprom Management Committee, Kurt Bock, Chairman of the Board of Executive Directors of BASF SE, Klaus Schäfer, Member of the Board of Management, E.ON SE, Pierre Chareyre, Executive vice-president of ENGIE, Rainer Seele, Chairman of the Executive Board of OMV and Ben van Beurden, Chief Executive Officer of Royal Dutch Shell signed a Shareholders’ Agreement on implementation of the Nord Stream 2 pipeline project to enhance supply of natural gas to the European Union’s market. The project will be developed by the new project company New European Pipeline AG. According to the document, Gazprom will own a 51 per cent share in the project company. E.ON, Shell, OMV and BASF/Wintershall will each own ten per cent and ENGIE will hold nine per cent.
The TRUTH will set you FREE.
The Arctic ecosystem is already weakened because the ice is melting, yet Shell is willing to risk an oil spill there that they wouldn’t be able to clean up.
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