Alexey Miller, Chairman of the Gazprom Management Committee, and Yan Novikov, Chairman of the Management Board, Director General of the Almaz-Antey Corporation, today at the Russian Investment Forum in Sochi signed a long-term contract for the supply of import-substituting products in the amount equal to guaranteed future purchases.

According to the document, the Corporation will set up the batch manufacturing and supply of subsea hydrocarbon production systems for Gazprom, as well as provide maintenance and repair services for the aforementioned equipment.

The ongoing cooperation with the Almaz-Antey Corporation is part of the continuous efforts spearheaded by the Ministry of Industry and Trade of the Russian Federation and Gazprom with a view to developing domestic subsea production systems.

Background

The Almaz-Antey Corporation is one of the largest integrated associations in the Russian military-industrial complex. The Corporation ships to more than 50 countries.

In May 2018, Gazprom and Almaz-Antey signed a roadmap for the period until 2023 to develop and produce prototypes of hi-tech import-substituting equipment for subsea hydrocarbon production, gas processing and liquefied natural gas production for the benefit of Gazprom.

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