BASF and Gazprom complete asset swap

BASF subsidiary Wintershall focuses on oil and gas exploration and production

02-Oct-2015 - BASF and Gazprom have completed the swap of assets with equivalent value effective at the end of September 30, 2015, financially retroactive to April 1, 2013. With the swap, BASF is further expanding its production of oil and gas and has exited the gas trading and storage business. Through the ...

BASF and Gazprom agree to complete asset swap

07-Sep-2015 - BASF and Gazprom have agreed to complete the swap of assets with equivalent value signed in December 2013 and originally intended to be completed by the end of 2014. With the swap, BASF will further expand its production of oil and gas and will exit the gas trading and storage business. The ...

BASF and Gazprom sign asset swap agreement

03-Jan-2014 - In Moscow, BASF and Gazprom signed the final agreement to swap assets of equivalent value. Through the swap, the BASF subsidiary Wintershall will further expand its production of oil and gas and exit the gas trading and storage business. The completion of the transaction is expected to take place ...

Wintershall and Gazprom agree on framework for asset swap

01-Nov-2011 - On October 28, 2011 a framework agreement which sets out the terms for the planned asset swap to further expand the successful cooperation has been signed in Ludwigshafen by Alexey Miller, Chairman of the Management Committee of OAO Gazprom, and Dr. Kurt Bock, Chairman of the Board of Executive ...

Wintershall intends to acquire a stake in the offshore section of the South Stream Pipeline

23-Mar-2011 - Alexey Miller, Chairman of the OAO Gazprom Management Committee, and Dr. Jürgen Hambrecht, Chairman of the Board of Executive Directors of BASF SE, signed a ...

BASF and Gazprom celebrate 20-year partnership

24-Nov-2010 - BASF and its oil and gas subsidiary Wintershall commemorated 20 years of German-Russian economic history together with Gazprom at an anniversary event in Berlin. The companies laid the foundations for their cooperation in fall 1990 with a long-term agreement to market Russian natural gas in ...

SGS and TÜV NORD contracted for important gas pipeline project

27-Sep-2007 - The consortium consisting of SGS and TÜV Nord won the contract from Nord Stream AG, in which, apart from Gazprom, also Wintershall and E.ON Ruhrgas have shares. The companies in the consortium will independently review and verify design drawings and planning documents for the important pipeline ...

Russian gas for Europe: Construction work starts on the North European Gas Pipeline

13-Dec-2005 - Work started on the Russian onshore section of the North European Gas Pipeline (NEGP) in Babayevo, 800 km east of St. Petersburg. The connecting pipeline, which will now be built quickly, links the planned pipeline through the Baltic Sea with the existing gas pipelines from Siberia. The new ...

BASF and Gazprom intensify their cooperation

15-Feb-2005 - BASF and Gazprom want to expand their successful cooperation by launching further energy projects, and make an important contribution to securing Europe's energy supplies by producing, transporting and trading natural gas. That was the outcome of top-level discussions between the Chairmen of the ...