Gazprom and machine-building companies of Gazprombank sign Roadmaps for cooperation
As part of the XII International Investment Forum “Sochi – 2013”, Alexey Miller, Chairman of the Gazprom Management Committee and Natalia Chervonenko, Deputy Chairman of the Gazprombank (GPB) Management Board signed today Roadmaps to implement long-term programs of cooperation among Gazprom and machine-building companies of GPB Group: REP Holding, OMZ and Cryogenmash.
The signed documents are aimed at creating advanced products meeting Gazprom's rigorous requirements and providing Russian fuel and energy companies with world-class cutting-edge technologies and competencies in the area of production, development and maintenance.
The cooperation between Gazprom and REP Holding is targeted at developing and launching mass production of unified gas compressor units. The GCUs with a capacity ranging between 16 and 32 MW have improved performances (higher efficiency and longer lifecycle) and can be repaired on site.
Moreover, the parties are focused on manufacturing up-to-date centrifugal blowers, changeable flow parts, magnetic bearings for GCUs and packaged ready-to-operate CNG filling stations.
According to the Roadmap signed with OMZ, the main areas of cooperation between the parties will be as follows: creating modern gas treatment units, small-scale gas liquefaction units, underground gas storage equipment, subsea gas production systems as well as facilities for helium extraction from natural gas.
The Roadmap for cooperation with Cryogenmash stipulates joining efforts for developing helium production infrastructure across Russia, in autonomous gasification and as part of Gazprom's activities in Eastern Russia. According to the document, Cryogenmash will draw up technical and commercial proposals regarding the supply of a helium concentrate extraction facility to the Chayandinskoye field and a number of process facilities for the Belogorsk Gas Processing Plant.
Gazprombank (Open Joint Stock Company) is among Russia's three largest banks by key performance indicators and among Central and Eastern Europe's top three banks in terms of equity capital.
Gazprombank has an investment-level rating assigned by the international ratings agency Moody's Investor's Service – the long-term foreign currency deposits rating is at Baa3 with a stable outlook and the debt rating is at Baa3. Standard & Poor's awarded the bank with its long-term counterparty credit rating and debt rating at BBB- with a stable outlook. Fitch Ratings assigned the long-term issuer default rating of BBB-, stable outlook, to the bank.
REP Holding specializes in engineering, production and comprehensive supply of power generating equipment for the gas, oil, metallurgical, chemical, power and shipbuilding industries. The Holding embraces production, R&D and service companies, including such prominent industrials as St. Petersburg's Nevsky Plant and Electropult Plant, and has joint ventures with western companies.
On December 19, 2012 Gazprom and REP Holding signed the Long-Term Cooperation Program until 2020.
OMZ is among Russia's largest industrial holdings focused on heavy engineering. Its core businesses are manufacture of equipment for nuclear plants, engineering and turn-out of facilities for the oil and gas sector, manufacture of special-steel products, mining machinery and general engineering.
On November 22, 2013 Gazprom and OMZ signed the Cooperation Program until 2020.
Cryogenmash is Russia's largest company dealing with production of air separation technologies and equipment, supply of technical gases and development of integrated solutions for associated gas, natural gas and LNG processing purposes.