OREANDA-NEWS. BASF/Wintershall and Gazprom have already been cooperating successfully for a quarter of a century: The two companies laid the foundations for their cooperation in autumn 1990 with a long-term agreement to market Russian natural gas in Germany. Just recently they decided to extend their cooperation at the source and to expand the joint natural gas production in Siberia. Additionally, together with other partners, the companies are also planning the extension of the Nord Stream Baltic Sea pipeline.

Today, the companies are celebrating their 25-year German-Russian partnership with a ceremony in St. Petersburg. Dr. Kurt Bock, Chairman of the Board of Executive Directors of BASF SE, and Alexey Miller, Chairman of the Management Committee of PAO Gazprom, will join the other guests in celebrating this successful economic cooperation in St. Petersburg.

"Our cooperation is an important component in securing Europe's energy supply," BASF's Chairman Dr. Kurt Bock said during a press conference held in conjunction with the celebrations in St. Petersburg. Particularly now, in current times, Russian-German cooperation represents an opportunity, he said. "The business community can build bridges. BASF and Gazprom intend to further extend their partnership," Bock said. The two companies share more than just a long history. "We share the potential for a successful future together. I firmly believe that Russia is and will remain an important and reliable supplier of natural gas, oil and other natural resources for Europe. And Europe is and will remain an important and reliable market for Russia. We are proud of what we have achieved together and are actively tackling the tasks that lie ahead of us."

"Over 25 years Gazprom and BASF/Wintershall have accumulated considerable experience across different segments: from natural gas production and transport to storage and marketing. Consistent consolidation of our positions along the whole production line lays the groundwork for future common success, and makes a pledge of stable gas supply of Europe for decades to come," said Chairman of the Management Board of PAO Gazprom Alexey Miller.