The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Dennis Nally, Chairman of the PricewaterhouseCoopers International Network.

The meeting participants pointed out the high efficiency of the joint efforts. The companies had been cooperating for 18 years in financial statements audit and on a wide range of consulting services.

Special attention was paid to the current activities within the consolidated group of taxpayers set up in Gazprom as well as on the risk management enhancement.

In addition, the parties discussed the ongoing cooperation aimed at working out the asset swap agreements between Gazprom and Wintershall as part of the project for developing the Achimov deposits in the Urengoy field.

Background

PricewaterhouseCoopers International Group of Companies is a global leader in auditing and consulting services. Through a network of its international representative offices, the PricewaterhouseCoopers Group provides professional services in many locations worldwide including Russia (via PricewaterhouseCoopers Audit and affiliated company PricewaterhouseCoopers Russia).

Gazprom and PricewaterhouseCoopers Audit started cooperation in 1995. Currently, PricewaterhouseCoopers Audit renders the following services to Gazprom:

• auditing annual accounting statements of Gazprom (parent company) filed pursuant to the requirements of the Russian legislation;
• auditing annual consolidated accounting statements of Gazprom Group filed in accordance with the requirements of the Russian legislation;
• auditing consolidated financial statements of Gazprom Group filed under the International Financial Reporting Standards.

PricewaterhouseCoopers Audit also serves as the auditor for a range of prominent subsidiaries of Gazprom.

A consolidated group of taxpayers is a voluntary association of organizations paying profit taxes, aiming at calculating and paying profit taxes based upon the aggregate business transactions of the group members.