Gazprom, Shell Sign Strategic Pact

Russia's Gazprom and Anglo-Dutch Shell have signed a five-year strategic co-operation agreement, the former company said on March 16.

The agreement covers the study of energy markets, "projects along the entire value chain," the digitalisation of technologies and the reduction of greenhouse gas emissions, Gazprom said.

Gazprom and Shell are partners at the Sakhalin LNG plant in the Russian Far East. Gazprom's oil arm Gazprom Neft also has joint upstream activities with the oil major.