According to the MoU, the parties agreed to use the venture’s resources when cooperating in the energy efficiency area. In particular, the companies will study the possibility of joint participation in pilot projects implementation in Moscow, Saint Petersburg, Obninsk and of energy services provision to French and other foreign companies operating in Russia.

Gerard Mestrallet, chairman and CEO of GDF Suez, said: “Energy services are a response to the overwhelming need to optimize energy consumption. Energy efficiency and curbing emissions of all kinds have become indisputable goals to remain competitive.

“GDF Suez will share its know-how by providing innovative solutions especially in district cooling and heating, local energy production infrastructures like cogeneration or renewable energies. We are glad to enter this new promising partnership with Gazprom.”