OREANDA-NEWS. December 19, 2007. On December 11-12 Kronberg (Germany) saw a Coordination Committee Meeting for strategic cooperation between Gazprom and BASF AG headed by Alexander Ananenkov, Deputy Chairman of the Gazprom Management Committee and John Feldmann, Member of the BASF Board of Executive Directors.

The members of the Coordination Committee and heads of the working groups delivered reports on current status of the projects and measures being implemented by Gazprom and BASF/Wintershall.

In particular, the parties were satisfied with the observation of the bargain conditions providing for the exchange of BASF assets for the Gazprom share in Severneftegazprom authorized capital as well as the progress with the project development of Section 1A of the Achimov deposits of the Urengoy gas field by Achimgaz.

In the course of the meeting it was noted that Achimgaz was accomplishing the development of the first pilot area and going to commence the commercial operation of the field in 2008.

The parties also noted the successful development of the R&D cooperation between the companies during 15 years in 9 fields and 32 highly-specialized directions – from the automation of production processes to the environmental protection and safety.

Additionally, in the frames of the Coordination Committee Meeting the participants heard the reports on cooperation between Gazprom and Wintershall in gas business, in the sector of gas chemistry, experience communication and personnel training.