Germany and Russia Intensify Gas Cooperation Despite Political Tension

... BASF’s subsidiary Wintershall. The project aims at increasing the efficiency of hydrocarbon production through the implementation of advanced technological know-how. In September of 2015 another major project was initiated, namely the Nord Stream-2 natural gas pipeline between Germany and Russia under the Baltic Sea. Five companies: Gazprom, BASF, E.ON, ENGIE, OMV, and Shell signed a special agreement on the creation of a new pipeline with 55 bcm of natural gas capacity per year. The wide consortium aims at satisfying all EU requirements, ecological standards and energy directives,...