Nord Stream 2 to Secure Russian Gas Supplies to Europe

The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Sigmar Gabriel, German Vice-Chancellor and Federal Minister of Economics and Energy.

The parties addressed the issues of Russian natural gas exports to Germany and other European countries as well as the prospects for the European gas infrastructure development, Gazprom wrote.

The participants paid great attention to the Nord Stream 2 construction and stressed the importance of the project meant to secure reliable gas supplies from Russia to European consumers against the falling gas production in Europe.

In September, Gazprom, BASF, E.ON, ENGIE, OMV and Shell inked the Shareholders Agreement to construct the Nord Stream 2 gas pipeline system with the capacity of 55 billion cubic meters of gas a year from Russia to Germany across the Baltic Sea.

Germany is the biggest Russian gas consumer. In 2014 Gazprom sold 40.3 billion cubic meters of gas in the German market.

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