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Gazprom & Siemens Discuss Prospects Of Creating JV In Russia

Gasoil News - Published on Wed, 12 Jun 2019

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A working meeting between Mr Alexey Miller Chairman of the Gazprom Management Committee and Mr Joe Kaeser, Chief Executive Officer of Siemens, took place at the St Petersburg International Economic Forum 2019. The meeting participants discussed the current issues and prospects of their cooperation, including the joint efforts aimed at organizing the manufacture of innovative electrical equipment of Siemens in Russia so as to serve the needs of Gazprom's generating facilities.

In this connection, the parties reviewed the implementation of the Agreement of Strategic Cooperation signed by Gazprom Energoholding and Siemens in May 2018 and the Memorandum of Intent signed in March 2019. It was noted that the working group that was formed under said documents is now preparing the design documentation to create a joint venture in Russia with the aim of producing vacuum generator switches and their components.

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Posted By : Rabi Wangkhem on Wed, 12 Jun 2019
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