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Gazprom and GDF SUEZ celebrate natural gas cooperation

05th June 2013

Gas giant Gazprom and GDF SUEZ commemorate 30 years since the third contract of Russian gas supplies to France was signed

Gazprom and GDF SUEZ celebrate natural gas cooperation
Between 1975 and 2012 Gazprom supplied over 330 billion cubic meters of natural gas to France

A working meeting between Alexey Miller, chairman of the Gazprom Management Committee and Gerard Mestrallet, CEO of GDF SUEZ took place in Paris as part of the celebrations dedicated to the 30th anniversary of the third and largest-ever contract for Russian natural gas supply to France.

The meeting participants discussed the status of the bilateral cooperation in the energy sector, highlighting significant progress with joint projects. Special emphasis was placed on the fruitful cooperation within the Nord Stream project.

 “30 years ago the third long-term contract for Russian gas supply to France was signed. This and other contracts laid a solid foundation for the successful strategic cooperation between Gazprom and GDF SUEZ,” said Alexey Miller.

“Such joint projects are a wonderful opportunity to develop the cooperation between our companies, as well as to strengthen the ties between our countries,” said Gerard Mestrallet.

The cooperation in the gas supply sector between Gazprom and GDF SUEZ started in September 1975, when the parties signed the first two contracts for gas supplies to the borders of Slovakia and Austria. On October 28, 1983 the third contract for gas supplies to French consumers was signed as part of the Gas – Pipes project.

Between 1975 and 2012 Gazprom supplied over 330 billion cubic meters of natural gas to France.

In December 2006 Gazprom and GDF SUEZ signed the agreement to extend the existing contracts for Russian natural gas supply to France until 2030. Moreover, the parties agreed to deliver additional gas volumes to GDF SUEZ via the Nord Stream gas pipeline. At present, GDF SUEZ has contracted the pipeline capacity of 2.5 billion cubic meters per year. In July 2010 GDF SUEZ entered the shareholding structure of Nord Stream AG with a 9 per cent stake.