Wintershall Says in Talks to Join Nord Stream Expansion Plan

Reuters

FRANKFURT, June 19 (Reuters) – BASF's oil and gas subsidiary Wintershall is in talks about joining an expansion plan for Gazprom's Baltic Sea gas pipeline called Nord Stream, a spokesman said on Friday.

"We are in discussions about joining for a further two lines of the Baltic Sea pipeline," said a spokesman for the Kassel-based company.

Russia's Gazprom said on Thursday it had agreed to build lines 3 and 4 to Germany with a trio of Western energy companies - Anglo-Dutch Shell, Germany's E.ON and Austria's OMV.

These are designed to transport an additional 55 billion cubic metres (bcm) of gas by the end of 2019.

Wintershall is a shareholder in the consortium for the existing pipeline with two strands, which currently has 55 bcm capacity, and it has been exploring and transporting gas to Europe together with Gazprom since 1990.

(Reporting by Vera Eckert, editing by Georgina Prodhan)

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Attorney I
Expertise: Contracts Administration|Legal
Location: Houston, 
 
Drill Bit Fabricator
Expertise: Fabrication|Welding
Location: Conroe
 
SAM Technician
Expertise: Inventory Control
Location: Midland
 
search for more jobs

Brent Crude Oil : $54.16/BBL 0.44%
Light Crude Oil : $51.37/BBL 0.56%
Natural Gas : $3.37/MMBtu 2.12%
Updated in last 24 hours