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Thursday, June 12, 2008

Gazprom and Germany's Wingas to extend contract

BRIEFLY RBC, 11.06.2008, Moscow 17:35:50. – Alexander Medvedev, Deputy Chairman of Gazprom's Management Committee and CEO of Gazprom Export, and Rainer Seele, a member of the Board of Directors of Wintershall Holding AG and Chairman of Wingas GmbH, have signed an agreement of intent today, the Russian energy holding's press office reported today. The agreement provides for a 35-year prolongation of the natural gas supply contract between Gazprom Export and WIEH, Wintershall Holding and Gazprom's joint trading company. As a result of the move, Gazprom is expected to provide WIEH with more than 500bn cubic meters of gas.

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