NewswireToday - /newswire/ -
Paris, France, 2011/07/08 - Paris hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Gerard Mestrallet, Chairman and Chief Executive Officer of GDF SUEZ. FR0010 208488
During this meeting, the parties discussed the recent development of the gas markets and the current issues on developing cooperation between their companies in the energy sector, including the interaction of Gazprom and GDF SUEZ in the construction of the Nord Stream gas pipeline.
Parties discussed the additional gas volumes that Europe may need in the future, following the decisions made post-Fukushima events. According to them, Nord Stream will contribute to Europe’s security of supply and will be a guarantee of meeting the growing energy demand of the French and European consumers in the long term. They underlined the great work already done for Nord Stream project.
The meeting participants also noted the successful partnership of Gazprom and GDF SUEZ in such areas as exchange of experience and training of staff, scientific and technical cooperation, environmental protection, and introduction of energy efficient technologies.
Gazprom and GDF SUEZ also talked about further possibilities of developing their cooperation in power industry.
The cooperation between Gazprom and GDF SUEZ in the gas supply area started in September 1975.
In December 2006 the companies signed an agreement to extend the existing contracts for Russian gas supply to France 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.
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.
About GDF SUEZ
GDF SUEZ (gdfsuez.com) develops its businesses around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: liquefied natural gas, energy efficiency services, independent power production and environmental services. GDF SUEZ employs 218,350 people worldwide and achieved revenues of €84.5 billion in 2010. The Group 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, ASPI Eurozone and ECPI Ethical Index EMU.
Investor relations contact:
T: +33 (0)1 44 22 66 29 / E: ir[.]gdfsuez.com.