Gazprom has decided to withdraw from common with its German project partner of the network of Gascade gas pipelines.
the Sources referenced by “Interfax”, said that Gazprom’s management has already taken a decision in principle on the sale of the asset which can be sold already this year — and potential candidates for the asset is a much. The Russian company created it together with a German partner BASF/Wintershall for the past 2 decades. The transaction should take place in 2015. “Gazprom” then has received from the German partner’s share in the value partnerships Wingas, WIEH, WIEE, and in addition the share in the joint venture gas storage Аstora. This was opposed by the Third energy package of the EU, according to which vertically-the integrated company should not have networks.
the Deal is expected to spend in the current year. It is reported that this asset is already a queue of potential customers.
Gascade Gas transportation network includes 2.4 thousand km of linear part of gas pipelines and nine compressor stations with a 29 GPA. The total volume transport is about 40 billion cubic meters per year.
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