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21/06/2010 - Gazprom and GDF SUEZ sign Memorandum of Understanding on cooperation in energy saving and energy efficiency areas
Today at the 2010 St. Petersburg International Economic Forum Alexey Miller, Chairman of the Management Committee of Gazprom and Gerard Mestrallet, Chairman and Chief Executive Officer of GDF SUEZ signed a Memorandum of Understanding on cooperation in the energy saving and energy efficiency areas.
The Memorandum was signed in furtherance of the previously reached agreements on setting up a Russian-French joint venture, Ecoservices.
According to the Memorandum, both Groups agree to use the venture’s resources when cooperating in the energy efficiency area. In particular, the companies will study the possibility of joint participation in numerous pilot projects implementation in Moscow, Saint Petersburg, Obninsk, and of providing energy services to the French and other foreign companies operating in Russia.
“So far, among the top-priority objectives set forth by the Russian President Dmitry Medvedev are increasing energy efficiency and introducing energy saving technologies. I am sure that a combination of unique experience, knowledge and state-of-the-art developments featured by Gazprom and GDF SUEZ, as the world’s leading energy companies, has a huge potential for fuel and energy saving in our countries” said Alexey Miller.
“Energy services are a response to the overwhelming need to optimize energy consumption. Energy efficiency and curbing emissions of all kinds have become indisputable goals to remain competitive. GDF SUEZ will share its know-how by providing innovative solutions especially in district cooling and heating, local energy production infrastructures like cogeneration or renewable energies. We are glad to enter this new promising partnership with Gazprom” noted Gérard Mestrallet.
Background:
It is natural for long-term sci-tech cooperation between Gazprom and GDF SUEZ to result in setting up a joint venture, Ecoservices. In June 2010 the first general meeting of the shareholders (Gazprom promgaz, GDF SUEZ ENERGY SERVICES and GDF INTERNATIONAL) was held. A trilateral agreement was signed to incorporate Ecoservices.
At present, all the required approvals have been received and the joint venture registration procedure is currently underway in compliance with the Russian legislation. The company will provide energy saving and energy efficiency services in Russia using state-of-the-art technologies and equipment.
The cooperation between Gazprom and GDF SUEZ in the gas supply area started in September 1975.
In December 2006 both companies signed the Agreement to extend the existing contracts for Russian gas supply until 2030. In addition, the parties agreed to deliver additional gas volumes to GDF SUEZ via the Nord Stream gas pipeline. The annual gas supply volume will be 2.5 billion cubic meters.
In October 2007 Gazprom was provided with an opportunity to deliver up to 1.5 billion cubic meters of Russian gas per year directly to end consumers in France.
In 2009 Gazprom supplied more than 10 billion cubic meters of gas to France.
The companies have established long-term partnership relations in several areas. Thus, on September 29, 2006 Gazprom and GDF SUEZ signed their first Agreement of Cooperation in staff training and development.
GDF SUEZ operates worldwide in the power generation sector and in natural gas projects, as well as environmental services, such as water and waste services.
| About GDF SUEZ | |
| One of the leading energy providers in the world, GDF SUEZ is active across the entire energy value chain, in electricity and natural gas, upstream to downstream. It develops its businesses (energy, energy services and environment) around a responsible-growth model to take up the great challenges: responding to energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. GDF SUEZ relies on diversified supply sources as well as flexible and high-performance power generation in order to provide innovative energy solutions to individuals, cities and businesses. The Group employs 200,000 people worldwide and achieved revenues of €83.1 billion in 2008. GDF SUEZ is listed on the Brussels, Luxembourg and Paris stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and ASPI Eurozone.
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