Gazprom and Siemens to extend strategic partnership agreement

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the company's Management Committee and Joe Kaeser, President and Chief Executive Officer of Siemens.

The meeting participants discussed the current state and development prospects for the partnership between the companies. It was pointed out that for more than 20 years of the co-operation the companies had successfully delivered a number of joint projects, particularly, implementation of automation and informatisation systems, procurement of gas compressor and electrical equipment as well as turbines for Gazprom's facilities.

The parties supported the idea to extend the existing Strategic Partnership Agreement signed by Gazprom and Siemens in December 2011. The document provides for furthering the strategic cooperation in the Russian and international markets, including such sectors as gas production and transmission, underground storage and use as well as automation systems engineering and innovative development, power generation and energy saving technologies.

Adapted from press release by Hannah Priestley-Eaton

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