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“Promotion of innovative activities based on equality and mutual benefit is an important component of our partnership. Nowadays the innovations largely determine success on the market,” said Alexander Medvedev.

 

Established in 1969, Verbundnetz Gas (VNG) is a supplier of gas to Germany's eastern federal lands and Berlin. VNG business activities involve natural gas import, supplies to consumers as well as underground gas storage.

At present, the company's shareholding structure is as follows: EWE – 47.9 per cent, Wintershall Holding – 15.79 per cent plus one share, VNG Verwaltungs und Beteiligungsgesellschaft – 25.79 per cent less one share, Gazprom – 10.52 per cent.

In 2008 Gazprom and Verbundnetz Gas signed the Sci-Tech Cooperation Agreement that provided for growing partnership between the parties on gas transportation, distribution and utilization, corrosion protection of pipelines, energy efficiency as well as cooperation deepening between the companies within transition economy.

 

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