Gazprom and a number of Russian state-owned corporations today signed Roadmaps at the 7^th St. Petersburg International Gas Forum to further their cooperation in import substitution.

The documents provide for the procurement, design and integration of cutting-edge technologies, equipment and materials, including those replacing their foreign counterparts, for the needs of Gazprom.

The Roadmap between Gazprom and United Engine Corporation (UEC, affiliated with the state-owned Rostec Corporation) was signed by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Alexander Artyukhov, Director General of UEC.

The document is aimed at designing domestic gas turbine units with a wide performance range starting from 32 MW that could be subsequently used at the Company’s facilities, as well as gas turbine power plants for offshore platforms. In addition, it is planned to manufacture components for repairing foreign-made gas turbine engines. UEC will secure financing for the implementation of the Roadmap.

The Roadmap between Gazprom, Roscosmos, and Vnesheconombank was signed by Vitaly Markelov, Anton Zhiganov, Executive Director for Business Development and Commercialization of Roscosmos State Space Corporation, and Dmitry Kurdyukov, First Deputy Chairman of the Bank for Development and Foreign Economic Affairs (Vnesheconombank).

Cooperation under the document will include the manufacturing of equipment prototypes for onshore and offshore production of hydrocarbons, along with compressor, pumping, heat exchange and power units, spare parts for gas compressor units (GCUs), and liquefied natural gas production equipment. The Roadmap will be put into effect at the expense of Roscosmos, with a possibility of debt financing.

Gazprom also inked a Roadmap with the State Atomic Energy Corporation Rosatom at the Forum.

The document entails the development of software for processing and interpreting data produced via seismic and downhole surveys, geological modeling, and reserves estimation. It is also planned to create LNG production, storage and loading equipment prototypes, pipe fittings, pumping, heat exchange and power units, and components for GCUs. Financing for the Roadmap will be provided by Rosatom, including through state subsidies.

In accordance with the above documents, the import-substituting products will undergo testing and may be purchased by Gazprom in a competitive process upon being permitted for use at the Company’s facilities. There is also an option to conclude long-term contracts with the manufacturers for the mass production of such products in the amounts equal to guaranteed future purchases.