Present at the meeting were Alexander Medvedev and Valery Golubev, Deputy Chairmen of the Gazprom Management Committee, Vasily Podyuk, Member of the Gazprom Management Committee, Head of the Gas, Gas Condensate and Oil Production Department, heads and specialists of the core business units of Gazprom, Sevmorneftegaz, VNIIGAZ and Giprospetsgaz.

The participants discussed the major issues as regards the execution of phase one of the Shtokman field project. Particularly, the meeting examined the issues related to the allocation of the primary upstream infrastructure as well as to the organization of the project related activities and construction work while utilizing to a maximally possible extent the Russian scientific and production potential. Additionally, the meeting reviewed the progress with talks conducted with the foreign partners on possible participation in phase one implementation of the project.

As a result of the meeting the Company’s core business units and subsidiaries were given the relevant instructions aimed at implementing the Shtokman field project strictly on schedule, which ensures synchronization of gas production start-up, supply via the pipeline and LNG production with the Gazprom long-term gas balance. -Gazprom