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Monday, March 30, 2009

Siemens plans to become Gazprom’s strategic partners in LNG sphere.

March 27,2009 - (Itar-Tass) - MOSCOW, Germany’s Siemens corporation hopes to become a strategic partner of Russia’s gas giant Gazprom in the sphere of liquefied natural gas production, first of all in the Shtokman offshore gas field in the Arctic, Siemens Vice President Dietrich Moeller said in an interview with The Gazprom corporate magazine on Friday. In his words, this issue was in the focus of a meeting between the presidents of the two companies. According to the German businessman, Siemens can play very beneficial role within the implementation of Gazprom’s Yamal projects. In order to reach that objective, the company should win open tenders, Moeller said, adding that Siemens is confident of its victory. He said that the companies did not use their cooperation potential in full. “We have vast prospects,” the German businessman said, expressing satisfaction with the growing dynamics of cooperation owing to the companies’ joint efforts. “The volume of interaction between Gazprom and Siemens is on the rise,” Moeller said. The Shtokman field, one of the world's largest natural gas fields, is located in the Barents Sea. Its C1 and C2 reserves are estimated at 3.8 trillion cubic meters of gas and 37 million tonnes of gas condensate, Prime Tass economic news agency said.

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