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March 25, 2023

BASF joins South Stream project

The German chemical products-maker BASF agreed to join the South Stream gas pipe project, by which Russia proposes to deliver natural gas to Western Europe, according to the Russian prime-minister, Vladimir Putin, Mediafax reports. The director general of BASF, Jurgen Hambrecht, and the director of Gazprom, Alexei Miller, signed an agreement memorandum regarding the acceptance of Wintershall, a BASF division, into the Russian project. The South Stream project presupposes building a 3,600 km-long gas pipe, which will provide Western Europe with gas, crossing through the Black Sea and the Balkans. Gazprom’s partners in the project are the Italian group ENI, the French company EDF and OMV, from Austria.

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