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GAZPROM

December 23, 2003

Gazprom and the Government of the Vologda region signed the cooperation agreement for 2004

Gazprom’s Management Committee Chairman, Alexey Miller, and the Governor of the Vologda region, Vyacheslav Pozgalev, signed today the Cooperation Agreement for 2004.

Under the Agreement, the parties have to set up, by February 1, 2004, a joint working group for implementing the projects on building “Tyumen region’s Northern Area (TRNA) – Torzhok” gas pipeline and the North-European gas pipeline’s Gryazovets-Vyborg section (NEGP).

In line with the Cooperation Agreement and Gazprom’s Concept of Participation in the RF Regions’ Gas Supply System Development, approved by Gazprom’s Management Committee on 21 August 2003, the parties have to prepare, by 1 March 2004, the Agreement for developing regional gas supply system in Vologda. The Promgaz company will be responsible for implementing the Investment Project on Developing Gas Supply System in the Vologda region, including feasibility study and elaboration of gas supply general scheme.

In planning the next year’s regional and local budgets, the Government of the Vologda region intends to fully pay current gas deliveries to state-financed consumers. At the same time, the Government will take into consideration fixed gas prices (approved by the RF Federal Energy Commission for 2004), payments for gas supply, sales and transportation as well as subsidies provided to many individuals.

The Government of the Vologda region has to submit for the regional Federal Assembly’s consideration the proposals on enacting local laws granting tax exemptions to companies involved in the implementation of the Program on Developing Gas Supply System in the Vologda region as well as the TRNA–Torzhok and the Gryazovets-Vyborg gas pipeline section.

Provided that current gas supplies are paid in cash, Gazprom, is going to timely deliver the predetermined natural gas volumes to the Vologda region.

In 2004, Gazprom will invest in feasibility study, construction of gas branches and gas-distribution networks in accordance with Gazprom’s Concept of Participation in the RF Regions’ Gas Supply System Development. In 2004, the Company also plans to continue exploration and survey works in the Vologda region in order to build UGS facility.

Reference:

In 2004-2007, Gazprom plans to lay some 600 km of the TRNA -Torzhok gas pipeline in the Vologda region. In addition, the Company intends to construct the 330-km onshore NEGP section. At present, a feasibility study for the projected NEGP route is underway.

DIVISION OF RELATIONS WITH MASS MEDIA

 

 

 

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