Gazprom and Gasunie Agree Joint Approaches

Russian gas giant Gazprom and Dutch infrastrucutre company Gasunie signed a Memorandum of Understanding (MoU) during the 16th annual general meeting of the European Business Congress in Amsterdam. 

Gazprom said the agreement would lead to streamlined bilateral cooperation in European gas markets.

In particular, the MoU stipulates that the companies enhance closer ties in such areas as gas transmission infrastructure development. The Nord Stream pipeline project was specified, and gas processing and LNG production are also covered.

Gasunie has a 9% stake in Nord Stream. The other shareholders are: Gazprom 51%, Wintershall Holding and E.ON Ruhrgas – 15.5% each, GDF Suez  9%. 

“Gazprom and Gasunie have been partners for many years and have a proven experience in effective delivery of projects in the European market. The Memorandum signed today opens up new horizons for the development of strategic partnership between our companies,” said Gazprom executive chairman Alexey Miller.

“Gas infrastructure is an indispensable element of the secure gas supply. Our joined efforts to cooperate on the development and use of gas networks will enhance efficient and stable delivery of gas to European consumers,” commented Paul van Gelder of Gasunie

Gasunie's network consists of over 15,000 kilometers of pipelines in the Netherlands and northern Germany and approximately 1,300 gas receiving stations. 

In 2012 Gazprom Group supplied the Netherlands with 2.3 billion cubic meters of natural gas.