Russia's Gazprom increased its industrial muscle in the heart of Europe on Friday, bulking up through the deals on asset swaps and more pipeline capacity with energy companies keen to get back to business as usual.
Gazprom secured access to western European gas storage as well as a deal with industry partners to double the capacity of the Nord Stream pipeline to deliver gas to Europe bypassing Ukraine, with which Russia is in a protracted conflict.
The surprise revival of an abandoned deal between the Russian behemoth and German chemicals group BASF will give Gazprom access to German gas trading and storage in exchange for more stakes in Siberian gas fields.
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INC News, 04/09/2015 -via Moscow Times
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