The two companies signed an extension of 15 years of the existing contracts with Waidhaus as delivery point up to 2035 as well as new supply contracts for additional gas to come via the NEGP to Greifswald on Germany's Baltic coast from 2010/2011 onwards. The NEGP, an important pipeline for European gas supply, is being built by Gazprom, E.ON and BASF. E.ON will also participate in the construction of two new gas pipelines linking the NEGP to the German gas grid.
Wulf Bernotat, CEO of E.ON: "Following our participation in the NEGP, we are again making an important contribution with these contracts towards securing gas supplies for Europe well into the future and further consolidating our position on the European gas market." Burckhard Bergmann, CEO of E.ON Ruhrgas, drew attention to the worldwide competition for gas supplies: "With these contracts we are reinforcing our partnership with the world's largest gas producer. At the same time we are taking steps to replace decreasing supplies from west European sources and are securing additional volumes for the growing European market."
Most Popular Articles