Gazprom's CEO, German energy minister discuss Nord Stream 2 gas pipeline

Russian Gazprom's head Alexey Miller has discussed with Germany's Minister of Economic Affairs and Energy Peter Altmaier the issues of cooperation, including in the implementation of the Nord Stream 2 gas pipeline project, Gazprom said in a press release.

"The works continue on laying the gas pipeline on the seabed in Germany's territorial waters and Finland's exclusive economic zone. It was noted that the implementation of the project is based on high demand for the existing Nord Stream gas pipeline and growing demand for Russian gas in Europe," the press release said.

At the meeting, the sides noted that Gazprom's cooperation with German companies has a strategic character and develops in all spheres, including joint gas extraction in Russia, storing, transporting and selling gas in Europe.

In 2017, Gazprom supplied record volumes of gas to Germany - 53.4 blm cubic meters, which is 7.2% higher than the previous record of 2016 - 49.8 bln cu m.

Nord Stream 2 is a project on constructing a gas pipeline with a capacity to annually transport 55 bln cu m of gas from Russia to Germany through the pipes on the Baltic Sea bed.