Gazprom to go on reducing import content of purchases
Gazprom continuously analyzes the structure of procuring goods, works and services within the Group. For many years the Company has been consistently reducing the share of imported goods: today it accounts for some 5 per cent.
Gazprom keeps expanding the range of import substitution measures. The Company recently introduced a new form of cooperation with Russian suppliers. It consists in the cooperation under long-term contracts stipulating mass production of import substituting products, guaranteed volumes of purchase in subsequent years and an extended warranty, the duration of which is longer than that of the warranty on imported counterparts. Such agreements have already been concluded with Pipe Metallurgical Company and Tomsk Machine-Building Technologies.
Long-term contracts will provide suppliers with a secure and predictable volume of orders, and Gazprom will get high-quality products at competitive prices.
Gazprom attains import substitution objectives, inter alia, by cooperating with Russian constituents (19 constituents are involved) in the frames of roadmaps. They cover a wide range of activities – from assessing technological capabilities of manufacturers to setting up production of cutting-edge equipment and materials. It gives a strong impetus for expansion and upgrade of production and adoption of new technologies at domestic companies, creates a new competitive environment and allows Gazprom optimize procurement prices.
The Company further tightens control over procurement of import products unparalleled in Russia. In particular, special attention is given to facilitating the deployment of production enterprises in Russia and diversification of imports by engaging suppliers from the Customs Union, CIS, Asia-Pacific region, BRICS and others.
The meeting highlighted that consistent strategy pursued by Gazprom in import substitution would help further decrease the share of imported products at Gazprom Group.