The agreement stipulates co-operation in supplying energy to gas transportation networks for gas deliveries to the Russian regions and for gas exports to western Europe and southeastern Asia, co-ordinating interrelated investment projects and creating new technologies, developing competitive products for higher efficiency of natural gas and gas condensate exploration, production, transportation, storage and processing. As part of the general agreement, Gazprom and Rosatom will elaborate a sci-tech co-operation program subject to adjustment on a three-year basis. The parties will also set up a committee to co-ordinate joint actions when executing corporate strategic projects and investment programs. Alexey Miller, chairman of the management committee at Gazprom, said: "A success in implementing Gazprom's strategic tasks aimed at developing new hydrocarbon production regions is closely linked to a wide application of new technologies and equipment. The co-operation of Gazprom and Rosatom ensures a high level of innovations for the joint projects implementation and enables to successfully resolve the issues of import substitution."