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13 November 2015

40th anniversary of first contract for Russian gas supply to France

Алексей Миллер и Жерар Местралле

Alexey Miller and Gerard Mestrallet

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A celebration marking the 40th anniversary of signing the first contract for Russian natural gas supply to France took place on 12 November at the Catherine Palace in Tsarskoye Selo, outside St. Petersburg. The event was attended by Alexey Miller, Chairman of the Gazprom Management Committee, and ENGIE Chairman and CEO Gérard Mestrallet.

“Today we are celebrating our 40th anniversary of cooperation — 40 years of stable Russian gas supply to France. It’s a good sign of a mutually beneficial and constructive relationship between two global companies. We are continuing to work with ENGIE on the basis of long-term contracts, which are an important element of France’s energy security. We have another anniversary today: five years ago, ENGIE became a partner in the Nord Stream project. Its success is well known, and in September we and our European partners — including ENGIE, of course — made the decision to build the Nord Stream 2 pipeline. That means delivering an additional 55 billion cubic meters of Russian gas to the European market,” Alexey Miller said.

“We are glad to join Gazprom in marking the anniversary of the long-standing solid partnership between our companies. It has contributed substantially to developing the gas sector in Europe. ENGIE’s participation in the Nord Stream 2 project is a sign of our confidence that this cooperation will continue. Natural gas has an important place in modernizing the energy sector and meeting the European Union’s greenhouse gas emission reduction targets for 2030,” Gérard Mestrallet said.

During the anniversary celebrations, Alexey Miller and Gérard Mestrallet signed an Addendum to the Sale and Purchase Agreement for shares in the joint project company (JPC) Nord Stream 2 AG, which is managing the Nord Stream 2 project. This document increases ENGIE’s stake in the project to 10%. Thus, once the deals for foreign stakeholders acquiring shares in the JPC are closed, the partners’ stakes in the project will be distributed as follows: Gazprom with 50%, and BASF, E.ON, ENGIE, OMV, and Shell with 10% each.

Related sections:
France, Nord Stream

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