In cooperation with the world’s largest natural gas producer, OAO Gazprom, we operate a second business sector, Natural Gas Trading, in addition to the exploration and production of oil and gas. We supply the German and European gas markets through several joint ventures. The biggest of them is WINGAS GmbH & Co. KG. For years, this company has achieved increases in sales that have consistently beaten average market growth. The long-distance network of WINGAS TRANSPORT, which is over 2,000 kilometers long, connects the natural gas markets in Germany and Western Europe with the natural gas infrastructure that stretches through Eastern Europe and the Russian Federation all the way to the gas wells in Siberia. In October 2007, BASF and Gazprom completed an exchange of company shares, which increased Gazprom’s interest in WINGAS GmbH & Co. KG from previously 35 to 50 percent less one share. In view of the continuing growth in joint tasks and to support the ever intensifying cooperation, WINGAS opened its own local office in Moscow in 2007.Wednesday, October 7, 2009
In cooperation with the world’s largest natural gas producer, OAO Gazprom, we operate a second business sector, Natural Gas Trading, in addition to the exploration and production of oil and gas. We supply the German and European gas markets through several joint ventures. The biggest of them is WINGAS GmbH & Co. KG. For years, this company has achieved increases in sales that have consistently beaten average market growth. The long-distance network of WINGAS TRANSPORT, which is over 2,000 kilometers long, connects the natural gas markets in Germany and Western Europe with the natural gas infrastructure that stretches through Eastern Europe and the Russian Federation all the way to the gas wells in Siberia. In October 2007, BASF and Gazprom completed an exchange of company shares, which increased Gazprom’s interest in WINGAS GmbH & Co. KG from previously 35 to 50 percent less one share. In view of the continuing growth in joint tasks and to support the ever intensifying cooperation, WINGAS opened its own local office in Moscow in 2007.