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Gazprom and Uniper discuss the Nord Stream 2 pipeline

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World Pipelines,

A working meeting between Alexey Miller (Chairman of the Management Committee of Gazprom) and Klaus Schaefer (CEO and member of the management board of Uniper) has taken place in St Petersburg.

The parties paid particular attention to the Nord Stream 2 pipeline, noting that signing financing agreements was crucial to the implementation of the project.

Nord Stream 2 is a gas pipeline with the annual capacity of 55 billion m3, running from Russia to Germany across the Baltic Sea. The project is being implemented by Nord Stream 2 AG, where Gazprom is the sole shareholder. Nord Stream 2 AG, ENGIE S.A., OMV AG, Royal Dutch Shell plc, Uniper SE and Wintershall Holding GmbH signed the financing agreements for the project on 24 April 2017.

This recent meeting also touched upon Russian gas exports to Germany. From 1 January to 30 May 2017, Gazprom supplied 22.3 billion m3 of gas to the German market, which is 3 billion m3 (or 15.7%) more than in the same period of last year.

In 2016, Gazprom's gas supplies to Germany hit a record high of 49.8 billion m3 (a 10% increase compared to 2015).

Uniper SE is a subsidiary of E.ON SE that is focused on power generation and global energy trading. Gazprom and Uniper co-operate in gas supplies and transportation abroad, and implement joint scientific, technical, social and cultural programmes.

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