Nord Stream is a joint project involving five major companies: OAO Gazprom, Wintershall Holding GmbH (a BASF subsidiary), PEG Infrastruktur AG (PEGI/E.ON subsidiary), N.V. Nederlandse Gasunie and ENGIE. Such a powerful consortium guarantees the best technology, security and corporate governance.
PJSC Gazprom is the largest supplier of natural gas in the world, accounting for approximately 15 percent of world gas production. It was established as a joint stock company in 1993, and is partly owned by the Russian state (50.002 percent). Core activities include exploration, production, transportation, storage, processing and marketing of hydrocarbons as well as generation and marketing of heat and electric power. Gazprom controls approximately 70 percent of Russian gas reserves, produces 78 percent of all Russian natural gas and generates 17 percent of the electricity in Russia. The company is a leader in the construction and operation of pipelines. It controls a 161,700 kilometre-long pipeline network, which transports roughly 660 bcm of natural gas per annum.
Wintershall Holding GmbH specialises in energy and is a wholly owned subsidiary of BASF SE, the world's leading chemical company. Wintershall, with its headquarters in Kassel, Germany, has been active in the exploration and production of crude oil and natural gas in various parts of the world for more than 80 years. In Europe the company trades and sells natural gas and is, with its subsidiaries W&G and GASCADE Gastransport, also an important gas supplier on the German and European market. Wintershall is now Germany's largest producer of crude oil and natural gas. In its exploration and production activities, Wintershall deliberately focuses on selected core regions where the company possesses a wealth of regional and technological expertise.
E.ON is an international privately-owned energy supplier which faces fundamental change: through implementing its new strategy, E.ON will in future be focussing entirely on renewables, energy networks and customer solutions, which are the building blocks of the new energy world. The conventional generation and energy trading businesses were combined into a distinct company, Uniper, as per 1st January, 2016. E.ON plans to spin off the majority of Uniper to E.ON’s shareholders in the second half of 2016. In the 2015 financial year, E.ON’s staff comprising in excess of more than 56,000 employees based in many countries in Europe as well as in Russia and North America generated sales of around EUR 116 billion.
Gasunie is a European gas infrastructure company. Its network ranks among the largest high pressure gas pipeline grids in Europe, consisting of over 15,000 kilometres of pipeline in the Netherlands and northern Germany. The company offers transport services via its subsidiaries in the Netherlands and Germany and also offers other gas-related services, for instance in the field of gas storage and LNG. The company is the first independent gas transport provider with a cross-border network in Europe and aims for the highest standards in safety, reliability, efficiency and sustainability. The Gasunie network forms the core of what is called the northwest European "gas roundabout".
ENGIE develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take on the major challenges of energy’s transition to a low-carbon economy: access to sustainable energy, climate-change mitigation and adaptation, security of supply and the rational use of resources. The Group provides individuals, cities and businesses with highly efficient and innovative solutions largely based on its expertise in four key sectors: renewable energy, energy efficiency, liquefied natural gas and digital technology. ENGIE employs 152,900 people worldwide and achieved revenues of €74.7 billion in 2014. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, DJSI World, DJSI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).