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Tag: gazprom

Russia’s Gazprom Buys Europe’s Biggest Gas Storage Facility – Western Alliance Breaking Apart? Petro Dollar in Peril?

Russia will acquire Europe's largest underground gas storage facility this autumn from Germany’s BASF, continuing the development of its Nord Stream operations. In return, the Germans will get access to large gas reserves in Western Siberia. Gazprom and the Wintersall subsidiary of German chemical company BASF are putting the final touches to the asset swap, which will see Gazprom getting the[...]