The Gazprom Headquarters hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Peter Loscher, President and Managing Board Chairman of Siemens AG.

The parties discussed the results of cooperation between the companies for 2008, as well as the implementation of the Strategic Partnership Agreement and the future tasks. It was noted that Gazprom and Siemens AG were determined to expand their cooperation and carry out new join projects, namely, in the area of LNG production technologies and satellite infrastructure development for energy facilities. To achieve this, the joint working groups will intensify their efforts.

Background:

Gazprom and Siemens have been cooperating since 1993 within telecommunications and technology process automation projects. In particular, the companies created the Moscow digital communication zone and data transmission network – Gazsvyaz, the automatic telephone exchange network – Gazprom transgaz Makhachkala, the communications network Gaztelecom, as well as automated the comprehensive gas treatment unit at the Yamburg field.

On April 3, 2008 Gazprom and Siemens AG signed the Agreement on Strategic Partnership. For the time being, Gazprom and Siemens are developing their cooperation in the following directions: innovation development, automation, IT, telemechanics and telecommunications; power generation; compressor station equipment; offshore oil & gas field development technologies; facility and building security systems; energy saving and environmental protection; novel medical technologies; project financing.