Five energy firms invest in Gazprom’s gas pipeline

Five European energy companies are to invest as much as €950 million (£807m) each to fund Gazprom’s gas pipeline. ENGIE, OMV, Shell, Uniper and Wintershall have signed financing agreements with Nord Stream 2 AG, the company responsible for the planning, construction and operation of the Nord Stream 2 pipeline. The 1,220-kilometre pipeline will have the […]

Gazprom taking over Western Europe’s biggest gas store

Russian energy giant Gazprom is readying itself to take over the largest natural gas storage facility in Western Europe. Yesterday its chief executive Alexei Miller met the boss of German chemical company BASF, Kurt Bock, to discuss an asset swap agreed in December. The Russian business will get Wintershall’s gas store site, plus boost its stake in energy […]