Gazprom published its first Sustainability Report.

The Report unveils correlation of various aspects of the Company's production and environmental activities as well as social responsibility in the sustainable development context.

The Report cites viewpoints by key stakeholders on Gazprom's activities. Among the key stakeholders are Sergey Shmatko, Energy Minister of the Russian Federation, Guenther Oettinger, European Commissioner for Energy as well as leaders of Russian regions, heads of research and public organizations.

In his message to the Report readers Alexey Miller, Chairman of the Gazprom Management Committee says:

“The long-lasting history of Gazpromshows that the strategy pursued by the Companyis in line with the sustainable development model which has recently gained wide public recognition. We believe that the primary challenge in achieving sustainability is balanced and efficient use of production resources to the benefit of the present and future generations. The sustainable development benchmarks help us build the Company'sbusiness in the context of the global efforts aimed at addressing such critical international problems as energy efficiency, emissions reduction and social progress acceleration.

Having operations in over 80 constituents of the Russian Federation, we endeavor to ensure that the sustainable development of our business contributes to socioeconomic progress, a better environmental situation and greater prosperity of people in Russia's regions. The large-scale social programs implemented by the Company are not an abstract 'social burden' but indispensable investments in social stability which is a prerequisite for long-term business development.”

Background:

The Report has been published in Russian and English pursuant to the Sustainability Reporting Guidelines compiled by the Global Reporting Initiative (GRI) and undergone a third-party assurance (verification) procedure by the Council for Non-Financial Reporting of the Russian Union of Industrialists and Entrepreneurs.

The Report embraces the period from 2008 through 2009. It also covers the corporate history milestones and recent events giving a clear picture of the Company's potential.

Pertinent information on Gazprom's development strategy and approaches to corporate governance are contained in the Gas Energy – Foundation for Sustainable Development section.

Issues concerning the production chain management are presented in the Reliability and the Rationality sections.

The Company's environmental activities and its safety policy are specified in the Safety section.

The Responsibility section describes a social aspect of sustainable development in Gazprom's activities and the Company's role in the regions where its subsidiaries are present; the section also contains information on social projects, sponsorship and charity, together with policies and programs intended for Gazprom's employees, etc.

The Report is presented in the Reports sub-section of the Shareholders and Investors section on Gazprom's website.