The Gazprom Headquarters 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 Cooperation Agreement between Gazprom and the Yaroslavl Oblast.

In particular, the parties underscored that during the recent 5 years the regional consumers had paid for natural gas supplies in advance. Moreover, the regional authorities timely and entirely fulfilled their commitments set forth in the 2007 construction schedule for regional gasification facilities.

Reference:

The Agreement of Cooperation between Gazprom and the Yaroslavl Oblast authorities was signed in February 2005, the Accord on Gasification – in December 2003.

In 2007 Gazprom supplied the Yaroslavl Oblast with 3.16 bcm of gas. Roughly the same volumes are slated for the current year.

The Yaroslavl Oblast consumers have no gas arrears. As of March 1, 2008, advance payments accounted for over RUR 350 mln.

The average gasification level of 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 RUR 283 bln to construct gasification facilities in the Yaroslavl Oblast. In 2007 investments amounted to RUR 270 mln. The funds were used to complete the construction of two inter-settlement pipelines with a total length of 32.95 km and to launch engineering and construction work on six inter-settlement pipelines having a total length of 108 km.

The 2008 gasification program for the Yaroslavl Oblast earmarks RUR 270 mln in investment for the engineering and construction of nine inter-settlement pipelines with a total length of 149 km. At present, the parties are agreeing on a synchronized construction schedule for gasification facilities in 2008.