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    Reuters: Gazprom deal on track, Wintershall says after Miller comments

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Summary

BASF's Wintershall said a major deal with Gazprom was on track, after comments by the boss of the Russian company led to speculation it may be altered.

by: Sruthi

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Press Notes

Reuters: Gazprom deal on track, Wintershall says after Miller comments

BASF's Wintershall on Thursday said a major deal with Gazprom was on track, after comments by the boss of the Russian company led to speculation it may be altered.

Gazprom head Alexei Miller said in a meeting in St Petersburg on Tuesday that some projects dealing with end users in Europe "could undergo certain changes, they could be modified in a certain way."

The deal for Gazprom to take over its Wintershall's German gas trading and storage was on course for completion this autumn, a Wintershall spokesman said in response to an enquiry.

Both parties have seen delays to the execution of the non-cash deal this year, citing legal reasons, but in the context of rising tension between Russia and its western European business partners over the conflict in Ukraine.
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