Yaroslavl today hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Sergey Vakhrukov, Governor of the Yaroslavl Oblast.

The parties discussed the progress with the execution of the Agreement of Cooperation between Gazprom and the Yaroslavl Oblast, and noted that during the last five years the regional consumers had paid for natural gas supplies in advance. In addition, the regional authorities were timely and fully meeting their obligations with regard to the construction of gasification facilities in the region.

Alexey Miller and Sergey Vakhrukov reached the agreement on Gazprom’s participation in financing the reconstruction of a part of the Volga River embankment as part of the preparations for the Yaroslavl’s 1000th Anniversary.

Reference:

The Agreement of Cooperation between Gazprom and the Yaroslavl Oblast Administration was entered into in February 2005, the Gasification Accord – in December 2003.

In 2007 Gazprom supplied the Oblast consumers with 3.16 bcm of gas. This year supplies are projected at the 2007 level.

The Yaroslavl Oblast consumers have no gas debt to Gazprom. As of May 1, 2008, advanced payments account for nearly RUB 145 mln.

Gas penetration in the Yaroslavl Oblast totals 67.2 per cent, with 84.1 per cent in cities, towns and settlements and 17.5 per cent in the rural area. The identical figures throughout Russia average 62, 67 and 44 per cent respectively.

Between 2003 and 2006 Gazprom invested around RUB 283 mln to construct gasification facilities in the Yaroslavl Oblast. In 2007 investments made up RUB 270 mln to complete the construction of two inter-settlement pipelines with a total length of 32.95 km and to launch engineering and construction of six 108-km-long inter-settlement pipelines. The construction of facilities was performed according to schedule.

The 2008 gasification program for the Yaroslavl Oblast envisages RUB 270 mln in investment for the engineering and construction of nine inter-settlement pipelines with a total length of 149 km. At the same time, based on the time-schedule of the synchronized construction for regional gasification facilities over 2008 to 2009, the regional authorities are planning to construct 55.6 km of distribution pipelines, convert eight boiler houses to gas and prepare 3,607 households to receive gas.