Miller specifies target markets for Nord Stream II

According to Gazprom’s CEO Alexey Miller, the target markets for Nord Stream II are Germany, France, Italy and the Baumgarten gas hub.

After a meeting with German Economy and Energy Minister Sigmar Gabriel, Miller said that from Baumgarten the gas might be supplied to Southeastern Europe.

“2/3 of the gas for Turkey will be supplied by Turkish Stream,” Miller said.

Earlier, he said that the capacities of Turkish Stream would be halved from 63bn c m to 32bn c m. On Sept 4, 2015, Gazprom, E.ON, BASF/Wintershall, OMV, Engie and Shell signed a contract on Nord Stream II, a project that is supposed to redouble the existing capacities to as much as 110bn c m or 30% of the EU’s needs. As a result, Europe and Turkey, in particular, will get additional 87bn c m.