Gazprom-OMV LNG cooperation to carry on past 2020

Rainer Seele and Alexey Miller at the signing; Image courtesy of OMV

Russian giant Gazprom and Austria’s energy company OMV have signed a memorandum of understanding on LNG cooperation.

OMV said that the two companies previously agreed that Gazprom would supply 1.2 billion cubic meters of LNG to OMV in 2020.

Based on that, both partners now agreed to continue the cooperation beyond the year 2020, including the sale and purchase of conventional and small-scale LNG cargo.

Also, both companies intend to explore options for the joint development of small-scale LNG infrastructure projects.

Seele stated, “We have been receiving reliable gas supplies from Russia for more than 50 years. Now we are extending our cooperation to LNG. This will contribute to the diversification of sources of supply and help us safeguard security of supply in Europe.

Share this article

Follow LNG World News

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >