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Press Release

Gazprom holds meeting on orders placement with Russian shipbuilding plants

Nov. 13, 2009 - Today the Company's Headquarters hosted a meeting moderated by Alexander Ananenkov, Deputy Chairman of the Gazprom Management Committee on the issue of Gazprom's orders placement with Russian shipbuilding plants.

Participating in the meeting were Vasily Podyuk, Member of the Gazprom Management Committee, Head of the Gas, Gas Condensate and Oil Production Department, heads and specialists of the relevant structural units of Gazprom, as well as the Company's subsidiaries - Gazflot, Gazprom dobycha shelf and Giprospetsgaz.

The meeting addressed the need to maximally engage Russian shipbuilding enterprises, including those located in the Far East, in manufacturing the marine equipment to be used by Gazprom during Russia's continental shelf development and sea-borne transportation of LNG.

The meeting participants were tasked to elaborate the respective proposals.


Background

The initial aggregate hydrocarbon resources of Russia's continental shelf average 100 billion tons of fuel equivalent, of which 80 per cent is gas. The bulk of the hydrocarbon resources (around 70 per cent) is concentrated in the Barents, Pechora and Kara Seas, with gas and condensate prevailing in the Barents and Kara, and oil - in the Pechora Sea.

Gazprom considers the Barents, Kara, Pechora and Caspian Sea shelves, the Ob and Taz Bays offshore areas, the Okhotsk Sea shelf, including the Sakhalin Island and West Kamchatka offshore to be most promising.

In order to perform offshore field development the Company will need over ten drilling and production platforms, over 60 vessels and various items of marine equipment, as well as up to 23 LNG carriers before 2020.


2009-11-17

Please see Gazprom company electronic office

Information Directorate, PAO Gazprom
+7 495 719-10-77
pr@gazprom.ru

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