Within the working visit of a Gazprom delegation to France, Alexey Miller, Chairman of the Gazprom Management Committee yesterday had a regular meeting with Jean-Francois Cirelli, Chairman and Chief Executive Officer of Gaz de France.

The meeting discussed issued related to bilateral cooperation and execution of the Agreements earlier signed. The French side informed the participants on the progress to merge with SUEZ. The parties addressed the prospects on provision of LNG/pipeline gas swaps as well as on cooperation in the third markets.

Reference:

On December 19, 2006 Gazprom and Gaz de France signed an Agreement to extend existing contracts for Russian gas supply to France up to 2030.

The Agreement stipulates that Gazprom will supply extra gas volumes to Gaz de France from the end of 2010 via the Nord Stream gas pipeline. The annual gas supply volume will be 2.5 bcm.

Gazprom received an opportunity to directly deliver gas to final consumers in France in the amount of nearly 1.5 bcm per annum starting from October 2007.