A joint venture between Russia's gas monopoly Gazprom and German
Wintershall, a unit of chemical major BASF , has agreed with Romania to
extend their gas supply deal until 2030, Gazprom said on Wednesday.
Gazprom and Wintershall supply the bulk of gas to Romania via the 50/50
venture, Wintershall Erdgas Handelshaus Zug Ag, and the previous contract
was due to expire in 2012. Romania heavily depends on Russian gas and
Gazprom, the country's export monopoly, supplied Romania with 4.14 billion
cubic metres in 2004, down from 5.10 bcm in 2003. In the first 10 months of
2005 supplies stood at 3.78 bcm, up from 3.49 bcm in the same period of
2004. Gazprom said the venture supplied Romania with a total of over 40 bcm
of gas since the start of operations in 1993, but did not give the volume of
planned supplies under the new long-term deal.
source
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