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GAZPROM

December 25, 2003

Results of Alexey Miller and Alexander Tkachev's meeting

A working meeting between Alexey Miller, Gazpromís Management Committee Chairman, and Alexander Tkachev, Governor of the Krasnodar region, was held today at Gazpromís headquarters.

Mr. Miller and Mr. Tkachev discussed the progress in implementing the program on gas supply to the Krasnodar region, in particular, the viability of the projects on building the Dzhugba-Lazarevskoye-Sochi, Lazarevskoye-Tuapse-Nebug and other gas branches.

The parties also considered the issues of Gazpromís subsidiariesí taxation in the Krasnodar region and of restructuring the regional suppliersí indebtedness for gas delivered as well as the issue of full compensation of gas subsidiaries granted to eligible consumer categories, from the regional budget.

Mr. Miller and Mr. Tkachev paid special attention to the operation of gas distribution companies in the Krasnodar region and discussed Gazprom and Russiaís Federal Energy Commissionís strategy on signing direct agreements between gas suppliers and gas consumers.

ďThe mechanism of settlements for gas deliveries should be more transparent in the Krasnodar region. Weíve discussed the issue with Mr. Miller today. Gazprom is moving in the right direction. Itís impossible to invest in the gas transmission system development without restoring order in the field, where a lot of problems had been accumulatedĒ, - Governor of the Krasnodar region stressed.

Besides, Mr. Miller and Mr. Tkachev noticed the importance of elaborating a new draft agreement on cooperation between Gazprom and the Krasnodar regionís administration.

Reference:

In 2002, Gazprom delivered some 8.2 bcm of natural gas to the Krasnodar region. Over the first 9 months of 2003, the Krasnodar regionís consumers received about 6 bcm of natural gas, inclusive over 0.5 bcm delivered beyond the contractual volumes.

The Krasnodar region consumersí indebtedness for gas actually delivered accounts today for RR 606.9 mln. The average level of regional consumersí payments for current gas deliveries in 2003 is 97.53%.

Since 2003, natural gas has been supplied to the Krasnodar region in line with Gazpromís investment program. Under the program, RR 127.1 mln will be invested to build regional gas infrastructure facilities in 2003. Over the 11 months of this year, 47.1 km of gas distribution pipelines were commissioned in the Krasnodar region. Gazpromís investment program for 2004 envisages the allocation of over RR 32 mln to build and modernize regional gas distribution facilities.

DIVISION OF RELATIONS WITH MASS MEDIA

 

 

 

 

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