OREANDA-NEWS. June 17, 2009. Moscow saw today the inauguration of the Gazprom Energy House office center located at: 101 (bld. 3) Vernadsky Prospect (former headquarters of RAO UES of Russia).

The Gazprom Energy House will host power generation companies of Gazprom Group – Gazprom energoholding, Mosenergo, OGK-2, OGK-6, TGC-1, Gazprom energo, Mezhregionenergosbyt and Gazenergoprombank.

Taking part in the inauguration ceremony was Alexey Miller, Chairman of Gazprom Management Committee.

“Gazprom consecutively steps up its strategy aimed at establishing itself as a leader among global energy companies. We are convinced that this cannot be achieved without vertical integration and interdisciplinary approach that will unite for instance, oil and gas, gas and power generation sector.

Electric power stations consume 37 per cent of the total Russian gas, while the efficiency coefficient of most of them is fewer than 35 per cent. Low gas prices make gas saving unprofitable, and the valuable energy carrier and feedstock actually goes down the drain!

Russian energy sector is in great need of modernization. Gazprom has assumed this task – new generation facilities are being built with the use of cutting edge technologies and existing electric power stations are being intensively re-constructed.

It should be noted that Gazprom accounted for more than 90 per cent of all the electric power generation capacities commissioned in 2008. Between 2009 and 2013 Gazprom is going to invest in the order of RUB 250 billion in the construction and modernization of electric power stations. This is an unprecedented rate for the national power industry. Gazprom is currently the largest and most reliable investor in Russian power generation sector.

Gazprom’s energy strategy stipulates creating an inextricable chain – from gas production to electric power supply. Gazprom has initiated developing a corporate energy supply company. Mezhregionsbyt has already turned into Russia's largest electric power supplier.

Today we are witnessing a crucial event. Consolidation of Gazprom’s energy assets has been put into practice!” stated Alexey Miller.