Russia: Gazprom, Siemens Ink Partnership Deal

Alexey Miller, Chairman of the Company’s Management Committee and Peter Loescher, President and Chief Executive Officer of Siemens signed a Strategic Partnership Agreement at the Gazprom headquarters.

The document envisages further development and strengthening of the strategic partnership and cooperation between the companies in the Russian and international markets.

According to the Agreement, the joint projects are expected to be implemented in the following areas:

•  gas transmission, storage and utilization;

• gas, gas condensate and oil production;

• liquefied natural gas (LNG);

• automation and metrology;

• electric power;

• innovative development;

• automated control and security systems for buildings and structures;

• ecology and energy saving;

• medical technologies.

An agreement was reached to develop comprehensive strategic cooperation between the companies within the scope of joint development, engineering, production, marketing and service in the energy sector.

“For more than 15 years Gazprom and Siemens have been successfully implementing the joint projects in automation and computerization. Siemens innovative technologies, including digital communications and telecommunications, are widely in use at the Gazprom production facilities. I believe that in the nearest future, bringing together our efforts and experience, we will carry on to work actively in many other key business areas, including creation of the service infrastructure for the Gazprom energy facilities, implementation of the LNG production technologies and energy efficiency projects,” said Alexey Miller.

“The Strategic Partnership Agreement with Gazprom underlines the strong links between Siemens and Russia as well as our Russian customers. Based on the portfolio of products, solutions and services that match exactly the main priorities of the country’s economic modernization, infrastructure, and health care, we are gradually implementing the strategy of expanding our regional presence in Russia, and localization. That has been positively received in the country, including Gazprom. That’s why we are confident that the strategic partnership deepening with Gazprom and project implementation on the basis of the energy efficient and environmentally friendly technologies will contribute to further sustained development of the Russian economy and both companies,” said Peter Loescher.

[mappress]

LNG World News Staff, December 20, 2011