Monday, 11 October 2010

Siemens To Assist Gazprom With LNG Technologies

Siemens AG is planning to enlarge its presence in Russia by setting up the
Russian Turbo Machinery joint venture to manufacture compressors in Perm.
"The first compressor is to be built in 2011 and the first order is expected
in October", Siemens Energy Sales Department Director in Russia Sergey
Kuzmin told journalists during a news conference. The project envisions an
investment of 60 million euros to build new, greenfield production facility
and production capacity increases over the next three years.

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