A Gazprom delegation chaired by Vlada Rusakova, Member of the Gazprom Management Committee, Head of the Strategic Development Department paid a visit to Germany.

Within the visit Vlada Rusakova met with Dr Klaus-Ewald Holst, Managing Director of Verbundnetz Gas (VNG AG). The parties discussed further sci-tech cooperation directions between the companies. Special attention was paid to gas main system operating as well as the automatization of production processes.

The meeting resulted in the signing of the Sci-tech Cooperation Program between Gazprom and VNG AG over 2007 to 2009. The document is aimed at developing the joint mutually beneficial innovative business.

The Gazprom delegation visited a compressed station of VNG in Bobbau as well as the UGS facilities in Bernburg and Bad Lauchstadt.

Reference:

Verbundnetz Gas (VNG AG) was established in 1969 in Leipzig and is parent company of the group of companies doing business on the foreign markets. VNG’s core business activities are as follows: import and natural gas supply to large wholesalers as well as natural gas underground gas storage.

VNG’s clients are municipal utilities and regional gas supply companies, industrial facilities, small business enterprises and gas transmission companies.

The company’s shareholders are the following: EWE holding a 47.9 per cent stake, Wintershall AG - 15.79 per cent, VNG Verwaltungs und Beteiligungsgesellschaft mbH - 25,79 per cent, EEG - 5.26 per cent, Gazprom - 5.26 per cent, accordingly.