Warsaw hosted a meeting of EuRoPol GAZ’s Supervisory Board (SB). From the Russian side attending the meeting were Stanislav Tsygankov, Head of the Gazprom International Business Department and Sergey Emeliyanov, First Deputy Head of Gazprom Export.

Within the meeting the Supervisory Board examined suggestions on investment plan and operational costs for EuRoPol GAZ in 2007.

The members of Supervisory Board envisaged the Working Group’s report on progress of Gas Transportation Tarrif statement preparation via the Polish section of the Yamal-Europe gas pipeline in 2007.

The meeting’s participants also discussed other issues being under competence of the Supervisory Board.

The next meeting of the Supervisory Board is planned for December 21, 2006.

Reference:

The EuRoPol GAZ Transit Gas Pipeline System was incorporated in September 1993 within the Inter-Governmental Agreement on the construction of a gas pipeline system for Russian gas transit via and Russian gas deliveries to Poland, dated 25 August 1993. EuRoPol GAZ’s major businesses are designing, constructing and operating the Polish section of the Yamal-Europe gas pipeline.

EuRoPol GAZ is the proprietor of 684 km of the Polish section of the Yamal-Europe gas pipeline. The current pipeline productivity is at 32.9 bcm.

EuRoPol GAZ’s major shareholders are Gazprom and Polish Oil & Gas Company (PGNiG).

Poland annually consumes about 12 bcm of gas, including some 30 per cent produced domestically. In 2006, Poland will import nearly 7.2 bcm of Russian gas.