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Gazprom & EuRoPol Sign MOU on Yamal – Europe-2 Pipeline

Source: www.gulfoilandgas.com 4/5/2013, Location: Asia

In Saint Petersburg Alexey Miller, Chairman of the Gazprom Management Committee and Miroslaw Dobrut, Director General of EuRoPol GAZ inked a Memorandum of Understanding. The document stipulates that the Yamal – Europe-2 gas pipeline with the annual throughput of no less than 15 billion cubic meters of gas would run towards Slovakia and Hungary via Poland. A feasibility study for this project is expected to be available within six months.

The gas pipeline will allow increasing transit capacities of gas supplies to Poland, Slovakia and Hungary as well as reducing transmission costs. In addition, the project will enable to build up the volumes of Russian gas exported to the countries of Central Europe.

“The Yamal – Europe-2 project implies that some additional gas transmission capacities should be built to secure uninterrupted and reliable Russian gas supplies to European consumers.

The gas pipeline route will run through Poland and our Polish partners will take an active part in engineering and construction works,” said Alexey Miller.

Joint Stock Company EuRoPol GAZ Transit Gas Pipeline System was incorporated in September 1993. The company was set up under the Intergovernmental Agreement on the construction of a gas pipeline system for Russian gas transit through Poland and Russian gas deliveries to Poland dated August 25, 1993. Among the core businesses of EuRoPol GAZ are designing, construction and operation of the Polish section of the Yamal – Europe gas pipeline.

EuRoPol GAZ owns a 684-kilometer section of the Yamal – Europe gas pipeline in Poland.

Gazprom and PGNiG are the principal shareholders of EuRoPol GAZ.

For more information about related Opportunities and Key Players visit Caspian Region Projects

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