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Tuesday, November 04, 2008

Gazprom and E.On Ruhrgas to form joint venture

RBC, 31.10.2008, Moscow 18:40:04 – Gazprom and Germany's E.On Ruhrgas AG are planning to form a joint venture to operate in the energy efficiency and conservation sphere, the press office of the Russian energy holding reported today. Gazprom's Deputy Chairman Alexander Medvedev and E.On Ruhrgas AG CEO Bernhard Reutersberg signed a memorandum to this effect on Thursday. The parties are expected to start forming the new company in 2009.The joint venture is to be responsible for the implementation of energy conservation projects, including those using renewable sources of energy, as well as holding consultations for major European clients on energy efficiency.

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