A working assembly between Alexey Miller, chairman of the Gazprom administration committee, and Rainer Seele, chairman of the manager board of OMV, happened in St. Petersburg on April 9.

The events addressed the continuing and future cooperation, noting that after its record-breaking yr for Russian gasoline imports in 2017, Austria continued to indicate dynamic development in gasoline demand. According to preliminary information, from January 1 via April eight, 2018, Gazprom had provided Austria with three.7 Bcm of gasoline, an increase of 77.2% in comparison with the identical interval of final yr.

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The assembly famous the excessive reliability of gasoline provide, together with throughout the peak chilly interval in Europe between late February and early March, when solely Gazprom was capable of enhance deliveries and supply customers with the required volumes of gasoline.

The events additionally mentioned the progress of the Nord Stream 2 pipeline venture from Russia to Germany throughout the Baltic Sea.. At current, work is underway on acquiring building and operational permits. When accomplished, Nord Stream 2, can have an annual capability of 55 Bcm.

Background

In 2017, Gazprom set a brand new document for gasoline exports to Austria at 9.1 Bcm, a 50.three% from 2016 (6.1 Bcm) and 33.7% enhance from 2005, when the earlier document was reached (6.eight Bcm). OMV is Gazprom’s principal companion in Austria. The corporations cooperate in gasoline manufacturing, transportation and provides.

Source: www.worldoil.com

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