Gazprom and OMV address issues of bilateral cooperation
The parties addressed the issues of bilateral cooperation, particularly, gas supplies to Austria as well as the implementation of the Nord Stream II project. In addition, the meeting participants discussed a possible asset swap.
OMV is a major partner of Gazprom in Austria.
On September 4, 2015 Gazprom, E.ON, Shell, OMV, BASF and ENGIE inked the Shareholders Agreement to construct the Nord Stream II gas pipeline system with the capacity of 55 billion cubic meters of gas a year from Russia to Germany across the Baltic Sea.
On September 4, 2015 Gazprom and OMV signed the Agreement on asset swap. Subject to the swap deal, OMV will acquire a 24.98 per cent stake in the project for developing Blocks 4A and 5A of the Achimov deposits at the Urengoy oil, gas and condensate field in exchange for Gazprom's participating interest in OMV.