Stuttgart – Fluxys, a Belgium-based gas infrastructure group, and the Russian natural gas group NOVATEK have agreed to create a joint venture for the design, construction, financing, operation and maintenance of a planned Liquefied Natural Gas (LNG) storage terminal in the seaport of Rostock. The terminal will serve the purpose of storage and transhipment of LNG. For this purpose, natural gas is planned to be converted into LNG in a liquefaction terminal near Saint Petersburg and shipped to Rostock.
A CMS team headed by lead partner Dr Christian Haellmigk advised Fluxys and NOVATEK on all aspects of competition law and represented the parties in the merger control proceedings before the Bundeskartellamt.
Fluxys, headquartered in Brussels, Belgium, is a gas transmission, storage and LNG terminalling group active in various European Countries. The group owns and operates an LNG terminal in Zeebrugge, Belgium (through its subsidiary Fluxys LNG NV/SA), and also participates in the ownership and operation of an LNG terminal in Dunkerque, France.
NOVATEK is a Russian natural gas producer engaged in exploration, production, processing and selling of natural gas, LNG and liquid hydrocarbons. The group is a public company with shares (GDRs) traded on the London and Moscow stock exchanges.
Dr Christian Haellmigk, Lead Partner
Malena Hansen, Associate, both Competition & EU