On visit to Germany
Today, as part of the visit to Germany, Alexey Miller, Chairman of the Management Committee of Gazprom met with Bernhard Reutersberg, Chairman of the Management Board of E.ON Ruhrgas AG and Peter Lцscher, Chairman of the Management Board of Siemens AG.
In the course of the first meeting the parties discussed current bilateral cooperation issues paying particular attention to the outlook for joint projects in international energy markets.
At the meeting with Siemens AG CEO the parties addressed the implementation of the Strategic Partnership Agreement. The parties highly appreciated the potential for cooperation between the companies and confirmed their interest in its further development.
The German company E.ON AG is Europe’s largest privately owned power and gas concern.
E.ON Ruhrgas AG is Gazprom’s largest foreign shareholder with a 6.5 per cent stake.
The basis for cooperation between Gazprom and E.ON Ruhrgas was laid in the early 1970s. Ruhrgas became one of the first prominent buyers of Russian gas in Western Europe.
In July 2004, Gazprom and E.ON inked the Memorandum of Understanding fixing the agreements to further deepen cooperation in the area of strategic projects. In addition to the traditional gas supply business, the parties started implementing joint gas extraction, transmission, marketing and power generation projects.
Gazprom and Siemens have been cooperating since 1993. The basic projects have been implemented in the area of telecommunications and technology process automation. In particular, the companies created a Moscow digital communication zone and data transmission network – Gazsvyaz, an automatic telephone exchange network – Kaspiygazprom and a communication network – Gaztelecom as well as automated a comprehensive gas treatment unit at the Yamburgskoye field.
On April 3, 2008, Gazprom and Siemens AG entered into a Strategic Partnership Agreement identifying the main directions of interaction between the parties in the oil and gas sector.