Russia will remain a key oil and natural gas supplier through its strong connections to the European market, the chairman of Germany’s BASF said. “Our cooperation makes outstanding contribution towards securing energy supplies to Europe,” BASF Chairman Kurt Bock said in a statement. BASF subsidiary Wintershall is a partner to Russian energy company Gazprom in the Nord Stream natural gas pipeline running through the Baltic Sea to the German coast and sending Russian natural gas into the European market. Gazprom in early September signed a shareholder agreement on the development of the second phase of the twin Nord Stream pipeline system in the Baltic Sea with German energy companies BASF and E.ON, French company ENGIE, Austria’s OMV and Royal Dutch Shell. Under the […]