Gazprom, Shell sign agreement on Baltic LNG project

Gazprom, Shell sign agreement on Baltic LNG project
Tags: Photo source:

Gazprom and Shell have signed an agreement on the Baltic LNG project, the Russian gas holding said after a meeting between Gazprom CEO Alexey Miller and Chief Executive Officer of Royal Dutch Shell plc, Ben van Beurden.

“At the meeting, an agreement was signed on the Baltic LNG project in the elaboration of the main terms of the agreement on the joint venture”, the report said.

The new document stated an agreement reached regarding the priority use of Russian technical standards in designing and preparing equipment specifications, which is aimed at the development of Russia's LNG industry.

A special attention was paid to the project Nord Stream 2.

In 2017, Gazprom and Shell signed the main terms of an agreement on the joint venture, which will implement the Baltic LNG project, and concluded a framework agreement on conducting a joint research within this project.