The project for constructing the gas transmission infrastructure for direct supply of Russian gas to European consumer was signed yesterday at the St. Petersburg International Economic Forum 2015.

The European companies involved are: German E.ON, Anglo-Dutch Shell and Austrian OMV.

The Memorandum reflects the parties’ intent to implement a project for the construction of two gas pipeline strings from the Russian coast to the German coast via the Baltic Sea. The capacity of the new gas pipeline will reach 55 billion cubic meters a year.

(Gazprom Press Release)