print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all GAZPROM press releases

GAZPROM

June 22, 2012

Gazprom and GDF SUEZ point out strategic significance of Nord Stream

A meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Jean-Francois Cirelli, Vice Chairman and President of GDF SUEZ was held today as part of the St. Petersburg International Economic Forum – 2012.

The meeting participants discussed the global energy market situation and reviewed the progress with the joint projects.

Special emphasis was placed on successful interaction within the Nord Stream project. It was highlighted that the gas pipeline supported the energy security in Europe through the supply routes diversification.

Background

GDF SUEZ is one of the largest energy companies in Europe; it was established in 2008 as a result of a merger between Gaz de France and SUEZ. GDF SUEZ is focused on power generation also implementing projects in natural gas exploration, production, processing and distribution.

Cooperation in the gas supply sector between Gazprom and Gaz de France started in September 1975. In December 2006 Gazprom and Gaz de France signed the Agreement to extend the existing contracts for Russian natural gas supply to France until 2030. Moreover, the parties agreed to deliver additional gas volumes to Gaz de France via the Nord Stream gas pipeline. At present, GDF SUEZ has contracted the pipeline capacity of 2.5 billion cubic meters per annum. Gazprom was also provided with an opportunity for delivering up to 1.5 billion cubic meters of Russian gas per year directly to end consumers in France since October 2007.

In July 2010 GDF SUEZ entered the shareholding structure of Nord Stream AG with a 9 per cent stake.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer