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Gazprom and Austria plan to expand cooperation

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LNG Industry,

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Elisabeth Udolf-Strobl, Minister for Digital and Economic Affairs of Austria, recently took place at the St. Petersburg International Economic Forum 2019.

The meeting participants discussed relevant issues relating to cooperation. The parties noted the continued and active growth in the Austrian imports of Russian gas supplied by Gazprom. In the period from 1 January to 6 June 2019, these gas deliveries reached 6.6 billion m3 – an increase of 27% against the same period of 2018.

Particular attention at the meeting was paid to the Nord Stream 2 project.

In addition to discussion, the meeting facilitated the signing of a number of documents by Alexey Miller and Rainer Seele, Chairman of the Executive Board of OMV. The documents related to the expansion of cooperation between the companies.

The signing ceremony took place in the presence of Alexander Novak, Minister of Energy of the Russian Federation, and Elisabeth Udolf-Strobl.

The parties signed a Memorandum of Understanding (MOU) on LNG cooperation. Earlier, it had been agreed that Gazprom would supply OMV with an equivalent of 1.2 billion m3 of natural gas in the form of LNG in 2020. The MOU stipulates that the parties intend to continue their cooperation in the LNG sector after 2020, specifically via large and small scale LNG supplies. There are also plans to explore the possibilities of developing joint infrastructure projects in the field of small scale LNG.

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