Gazprom’s Headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Dmitry Dmitrienko, Governor of the Murmansk Oblast.

The parties discussed the progress in implementing the Cooperation Agreement between Gazprom and the Murmansk Oblast Government.

Special attention was paid to the cooperation prospects within the Shtokman gas and condensate field (GCF) development project. In particular, the parties addressed the issue of utilizing industrial capacities of the Murmansk Oblast industrial companies by Gazprom.

Alexey Miller and Dmitry Dmitrienko discussed the prospects for working out a Cooperation Agreement when implementing the Shtokman project.

Background:

The Agreement of Cooperation between Gazprom and the Murmansk Oblast Government was signed in November 2005.

At present, the Murmansk Oblast doesn’t receive natural gas. During the Shtokman GCF project execution it is planned to construct the Murmansk – Volkhov gas trunkline meant to be a starting point for the first phase of the regional gasification process.

The Shtokman GCF is situated in the central region of the Russian sector of the Barents Sea.

The deposit’s C1+C2 reserves account for 3.8 trillion cubic meters of gas and around 31 million tons of gas condensate.

The Shtokman gas and condensate field development project is of strategic significance for Gazprom. The field will become a resource base for deliveries of Russian gas – both pipeline and LNG – to markets of the Atlantic basin.