Caterpillar and Gazprom Sign Statement of Intent to Explore Natural Gas Related Opportunities

Recently, Gazprom announced it has signed a statement of intent with Caterpillar to examine opportunities for cooperation in the application of natural gas powered equipment in Russia. The statement of intent encompasses all power technologies that use natural gas as a primary energy source, including mining, oil and gas, rail transport, power generation and marine applications. Jim Umpleby, group president with responsibility for Energy & Power Systems and CIS Region & Country Manager for Russia, Mumin Azamkhuzhaez were on hand for the signing with Gazprom Board of Directors Chairman Viktor Zubkov and Chairman of the Gazprom Management Committee Alexey Miller, which took place in conjunction with the St. Petersburg International Economic Forum.

Gazprom holds the largest natural gas reserves in the world and is Russia's largest natural gas producer. As such, Gazprom is a key natural gas player in the energy markets in Russia, the CIS, Europe and Asia. Caterpillar already has a wide range of natural gas powered reciprocating engines and gas turbines. We have already announced our intent to develop more technologies to accompany the growth in natural gas. In addition, we previously introduced the Dynamic Gas Blending™ line of retrofit kits for energy exploration and production engines and also announced that Cat® mining trucks and Electro-Motive Diesel branded locomotives will be among the first machines to incorporate high pressure direct injection (HPDI) technology as our commitment to natural gas extends across our high-horsepower product lines.

Click here to visit Gazprom's website to learn more.