Nord Stream 2 members met in Switzerland

Nord Stream 2 members met in SwitzerlandThe heads of the companies that are members of the Nord Stream 2 gas pipeline consortium met in Zurich on Thursday.

Gazprom CEO Alexei Miller held working meetings with E.ON management board member and Uniper CEO Klaus Schafer, Hans-Ulrich Engel, a member of the BASF management board, OMV chief executive Rainer Seele, Engie vice president Pierre Chareyre, and Shell management board member Maarten Wetselaar, the Russian gas giant said in a press release.

"The participants in the meetings discussed issues related to the implementation of the Nord Stream 2 project," Gazprom said.

In September 2015, Gazprom, BASF, E.On, Engie, OMV and Shell signed a shareholder agreement to create the Nord Stream 2 gas pipeline system with an annual capacity of 55 billion cubic meters. The pipeline will be laid from Russia to Germany across the bottom of the Baltic Sea.

Read also: Petro Poroshenko met with Vice President of the European Commission for Energy Union

Upon closure of a deal for the foreign shareholders to buy shares in Nord Stream 2 AG, Gazprom will own 50% and BASF, Engie, OMV, Shell and E.On subsidiary Uniper will own 10% each.

German antimonopoly regulator Bundeskartellamt has approved purchase by the foreign partners in Nord Stream 2 AG. Polish regulator UOKiK may take until the end of May to reach a decision.
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