The Gazprom Headquarters hosted a working meeting between Alexander Ananenkov, Deputy Chairman of the Company’s Management Committee and Igor Yudin, Director General of Saturn – Gas Turbines.

The meeting discussed the prospects for further cooperation placing a focus on retrofitting the existing fleet of Gazprom’s gas pumping units between 2009 and 2010 and the relevant increase in purchases from Saturn – Gas Turbines.

Background:

On December 23, 2008 the Board of Directors approved the changes in the Provision on preferentially contest-based awards of contracts for the supply of goods, completion of works and rendering of services for Gazprom and its subsidiaries. Under the changed provision the suppliers of domestic goods will be granted additional preferences through 2010 when contracts are awarded for the supply of goods for Gazprom Group.

Additionally, Gazprom is stepping up a set of measures aimed at increasing the purchases of domestically produced goods through implementing the Program for assisting Russian companies in mastering new kinds of products with the application of innovative technologies.

Based on the results of the first quarter of 2009 the share of domestic equipment in Gazprom’s orders is forecasted to exceed 92 per cent of the whole total.

Saturn – Gas Turbines is an integral supplier of ground power equipment for the needs of petroleum industry and utility sector. The company is focused on engineering, production, after-sales service, installation and commissioning of gas-turbine units, comprehensive building of power-generating stations and production of equipment for nuclear power plants.