OREANDA-NEWS. At the Gazprom Headquarters, Alexey Miller, Chairman of the Gazprom Management Committee and Marcel Kramer, Chief Executive Officer of Gasunie inked in the presence of Joop Wijn, Minister for Economic Affairs of the Kingdom of the Netherlands a Memorandum of Understanding for Cooperation in Joint Involvement in the NEGP and BBL Projects as well as Utilization of Gasunie’s Transmission Capacity.

In pursuance of the MOU, Gazprom will become shareholder of BBL Company, with Gasunie’s stake to account for not less than 51 per cent. Furthermore, Gasunie will receive a 9 per cent stake in North European Gas Pipeline Company.

The parties will study the potential for Gazprom to make use of Gasunie’s gas infrastructure including underground gas storage facilities. The parties also achieved the accord to talk over the conclusion of long-term contracts enabling Gazprom to use Gasunie’s transmission capacity in the national gas transmission system of the Netherlands.