Gazprom and VNG sign Sci-Tech Cooperation Agreement

January 10, 2013

Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee, Karsten Heuchert, Chairman of the Verbundnetz Gas Executive Board and Uwe Barthel, Member of the Verbundnetz Gas Executive Board signed a Sci-Tech Cooperation Agreement.

The parties agreed on elaborating a Sci-Tech Cooperation Program that would be updated every 1 to 3 years. The mentioned Agreement replaces the similar document of 2008 and will be valid until December 31, 2029.

“Promotion of innovative activities based on equality and mutual benefit is an important component of our partnership. Nowadays the innovations largely determine success on the market,” said Alexander Medvedev.