Remove 2016 Remove Austria Remove Future Remove Legal
article thumbnail

BASF and Gazprom agree on asset swap; BASF’s Wintershall expanding production of oil and gas, exiting gas trading and storage business

Green Car Congress

BASF and Russia’s Gazprom signed a legally binding basic agreement to swap assets of equivalent value. An additional payment of up to US$100 million will be paid contingent on the successful future development of the Vega field. Start of production is planned for 2016. This is equivalent to a total of 2.4

Gas 218
article thumbnail

Volkswagen Truck & Bus outlines roadmap for automated driving, connectivity, and alternative drive systems

Green Car Congress

The jointly developed “e-drivetrain” will form the basis of any electric architecture in the future. This electric powertrain is designed in a way that means that it can be used to drive future distribution trucks and city buses manufactured by the Volkswagen Truck & Bus brands as a universal modular element. —Andreas Renschler.

Connect 150