Germany and Russia Intensify Gas Cooperation Despite Political Tension

... This share equals approximate annual revenues of $13.6 billion (2014 income statement reference). BASF Wintershall in turn will gain around 25% of western Siberia’s Urengoy fields, with proven natural gas reserves of 275 bcm. The alliance between Gazprom, E.ON Ruhrgas and BASF Wintershall allowed for the latter two to gain access to Russian upstream activities, which has guaranteed their long-term access to natural resources and has further reinforced the security of supply to Germany. In 2016 Gazprom Neft signed an advanced oil recovery contract with BASF’s subsidiary Wintershall....