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- Gazprom Marketing & Trading Retail signs new agreement for Siemens to supply metering services to Gazprom Retail's UK & European Customers.
- Siemens agrees to market Gas Automated Meter Reading services through TruRead a Metering company in the UK backed by Gazprom Marketing & Trading Ltd.
- Gazprom Marketing & Trading and Siemens agree to work together to build their relationship through marketing Energy and Metering Solutions to customers on a global basis.
Gazprom Marketing & Trading (GM&T) and Siemens are delighted to announce the signing of a memorandum of understanding to co-operate in developing global Energy Metering Solutions within the Gas, Power and Water industries. This agreement will provide Gazprom's affiliated company TruRead Ltd. with enhanced capability to market their advanced Automated Meter Reading technologies to the global gas industry.
TruRead has developed and deployed gas automated meter reading meters over the past 3 years. In co-operation with Gazprom the company has gained practical experience and expertise to offer customers a dynamic energy management solution. TruRead provides a range of creative technologies and solutions which enable meters for gas, electricity, water and other commodities to be read remotely and data transferred without the need for human intervention. This remote meter reading solution allows consumers to measure energy use in near real time which enables them to better manage their energy consumption and carbon footprint.
GM&T has already committed to the technology through their downstream business which now supplies 25,000 sites in the UK, Ireland and France in both gas and electricity. This technology is used in all geographies.
The collaboration with Siemens brings another product online and complements an already successful suite of products offering metering solutions worldwide. The deal has already proved its value with the signing of a tripartite agreement with a major UK energy consumer.
Both Kevin Tutton, Director UK Metering for Siemens Metering Services and Jon Feingold, Managing Director for Gazprom Marketing & Trading Retail Ltd. are committed to the growth of this relationship on a global level, believing that it will create exciting new growth opportunities for both companies.
Vitaly Vasiliev CEO of Gazprom Marketing & Trading commented,
"We are delighted with this new deal. Whilst the benefit to our current customers is clearly very pleasing, what is really exciting for GM&T is the new opportunities that could open up for us, through collaboration with a world class partner in Siemens".
Kevin Tutton from Siemens Metering Services added
"Our partnership agreement with Gazprom M&T represents another key milestone on the Siemens' smart metering roadmap. We look forward to a fruitful partnership and to providing Gazprom's customers with our high standard metering services."
End
For further information please contact:
Ketchum Pleon
Paddy Blewer / Anastasia Ivanova
+44 207 611 3500
About Gazprom Marketing & Trading
Gazprom Marketing & Trading Limited (GM&T) is a UK-registered wholly-owned subsidiary of the Gazprom group, the world’s largest gas company by asset base, accounting for 17% of the world’s total natural gas reserves and for about 70% of natural gas reserves in Russia. GM&T is headquartered in London and was established in 1999 to manage Gazprom's marketing and trading activities in the liberalised markets of Europe.
GM&T is responsible for the optimisation of Gazprom’s energy commodity assets and downstream expansion through its marketing and trading network. With subsidiaries in Houston, Paris, Berlin and Manchester (gas sales to UK SMEs), GM&T trades energy commodities including gas, power, oil, carbon and LNG.
About Siemens
About Siemens in the UK
Siemens was established in the United Kingdom 166 years ago and now employs 18,402 people in the UK. Last year’s revenues were £3.7 billion. As a leading global engineering and technology services company, Siemens provides innovative solutions to help tackle the world’s major challenges, across the key sectors of energy, industry and healthcare. Siemens has offices and factories throughout the UK, with its headquarters in Frimley, Surrey. The company’s global headquarters is in Munich, Germany. For more information, visit www.siemens.co.uk
Siemens Metering Services, part of the global Siemens organisation, is the UK's leading independent provider of utility metering services. Siemens’ knowledge and experience is helping the UK energy industry to transition to a smart metering enabled world, from meter provision and maintenance right through to energy data collection and energy management.. For more information about Siemens Metering Services visit: www.siemensenergy.co.uk
TruRead
TruRead is the result of talents and expertise from both the Utilities and IT Systems Development Sector coming together. TruRead was established with its sole focus entirely on providing a managed data service through Automated Meter Reading (AMR).
TruRead now offers a complete, integrated set of services, for end-to-end collection and delivery of meter readings, for electricity, gas and water and even more measurables in the future using cutting-edge technology.
TruRead offers a number of services from asset provision to a fully managed meter reading service. The TruRead process is based on several interlinking services and applications, working in synchronisation to produce the end result - the data the clients require.
Gazprom Marketing & Trading Limited (GM&T) acquired an equity share in TruRead in March 2008 and since then both companies have been working together in the UK and internationally to create innovative technology products and energy services, which are being leveraged by UK suppliers, Energy Brokers, Local Authorities and Energy Management Companies.
Go Back 16/11/2009
