Gazprom and BASF address strategic cooperation issues

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Kurt Bock, Chairman of the Board of Executive Directors of BASF took place today within the 4th St. Petersburg International Gas Forum.

The parties addressed the strategic cooperation issues, particularly an asset swap deal between Gazprom and Wintershall Holding. It was pointed out that the swap would enable the companies to substantially strengthen their positions along the entire value chain from upstream to downstream.

In addition, the meeting participants paid attention to the joint development of the Urengoyskoye and Yuzhno-Russkoye fields as well as exchanged their opinions on the progress with joint infrastructure projects including South Stream.

Adapted from press release by Hannah Priestley-Eaton

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