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Saturday, 10/08/2016 11:09:41 AM

Saturday, October 08, 2016 11:09:41 AM

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part two/ OAO Gazprom signs partners with Schneider Electric (SBGSY) for scientific & technical cooperation; also discusses potential collaborations with ENGIE and BASF (BASFY) (OGZPY) :

Gazprom and Schneider Electric (SBGSY) have signed an agreement for scientific & technical cooperation and partnership.

The Agreement provides for the increased cooperation in efforts to integrate innovative solutions provided by Schneider Electric,
covering, inter alia, the introduction of smart technologies at Gazprom's facilities, as well as energy efficiency and security.

In addition, the parties will jointly develop and use scientific
and technical products, interact in the area of industrial safety,
as well as professional development and retraining of personnel.

Gazprom and BASF (BASFY) addressed bilateral partnership in the gas sector,
focusing in particular on Russian gas supplies to Germany and
gas transmission routes from Russia to Europe.

The meeting touched on the joint production projects. Specifically,
the participants commended the ongoing development of the Yuzhno-Russkoye and Urengoyskoye fields.

Gazprom and ENGIE (ENGIY) discussed the development of partnership
under the program for scientific and technical cooperation.

They also commended joint efforts in such areas as pipeline transportation and underground gas storage; LNG production,
storage, transportation and regasification; as well as energy saving.

It was noted that the scientific and technical cooperation had high practical importance for enhancing the companies' performance.