The joint development programs include construction of a demo plant for LNG production based on technology of liquefaction ‘Liquefin’ as well as a study to evaluate the possibility of joint manufacturing of components for Russian LNG plants. The two companies will jointly review the framework of future phases of Shtokman gas field.

Peter Loescher, president and CEO of Siemens, said: “Siemens has always put special attention to cooperations in and with Russia. We are actively developing our business in Russia by making large investments in local facilities along with implementing energy-efficient and environmentally friendly technologies.

“Gazprom is a long-term partner. We have taken another step to strengthen our cooperation in a strategic area.”