Newsweek: EU energy companies are returning to large contracts with Russia

Major energy organization of Europe want to go back to doing ordinary things with Russia, despite the ongoing conflict in Ukraine and the effective punishment of the West regarding Russia, writes.

Confirmation of such markers is East economic forum in Vladivostok, on which "Gazprom" has finished the 3 major contracts with major European energy companies. One of the main deal was the restoration of the Treaty on favorable the exchange of assets between the Russian energy giant and energy "daughter" of the German companies BASF - Wintershall, reported in the publication.

The second contract was signed between Gazprom and the European shareholders of a mutual project organization. In the European cartel includes the German holding company BASF and energy Firm E. On, French electricity Company Engie, Austrian oil and gas Firm OMV and the Dutch-British oil Firm Royal Dutch Shell. Joint engineering Firm will build the 2nd line of the pipeline " Nord stream ", which will provide Russia with an opportunity to supply additional volumes of gas to Germany, bypassing Ukraine. The third contract involves the participation of the Austrian OMV oil and gas enterprises in the establishment of sections of the Urengoy oil and gas fields, stresses the magazine.

According to the chief Executive officer of the organization OMV Rainer Seele, the Firm wants to continue to expand with Gazprom, "a partnership based on trust in the direction of natural gas production in Siberia," according to the publication.

so, the consensus reached in Vladivostok, demonstrate mutual interest in partnership - both from the EU and from Russia. Europe is interested in gas supplies from Russia, and Russia needs in technology and markets, says the magazine.


sections: Politics