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GAZPROM

May 20, 2005

On Alexey Miller and Nikolai Maksyuta’s working meeting

Gazprom’s Headquarters has hosted today a working meeting between Alexey Miller, Gazprom’s Management Committee Chairman and Nikolai Maksyuta, Head of the Volgograd Region.

The parties addressed the implementation of a Cooperation Agreement between Gazprom and the Volgograd Region.

Special emphasis was placed on the issue of clearing the existing Regional natural gas debt to Gazprom. Alexey Miller and Nikolai Maksyuta expressed a common opinion on the need to strictly abide by a debt restructuring agreement sealed between Gazprom and the Volgograd Region’s authorities on 17 May.

At the same time, the meeting looked into matters relative to gas deliveries to the Volgograd Region and handover of the gas distribution stations owned by Regional agricultural companies and municipal unions to Gazprom.

Simultaneously, the parties dealt with the registration of the leases on the Regional land intended for Gazprom’s gas facilities, pointing to the need of drawing the municipal heads’ attention to the inadmissibility of violating the land management filing and cadastral survey deadlines.

In addition, Alexey Miller and Nikolai Maksyuta reviewed the registration of Volgogradtransgaz’s temporary ownership of land adjacent to gas pipelines for the purpose of supplying Gazprom’s repair & maintenance teams with access to gas transmission facilities.

Reference:

The Volgograd Region and Gazprom first sealed a five-year Cooperation Agreement in September 2002.

Until now, the parties have brought into operation over 550 km of gas distribution grids and piped gas to more than 1,000 thou apartments and private houses.

In 2004, Gazprom provided Regional customers with some 6 bcm of gas and roughly the same amount is slated for this year.

The natural gas supply infrastructure of the Volgograd Region is developed at 76.5% of maximum demand, including at 86.9%, in cities, towns and localities and 46.5%, in rural area. The identical Russia-averaged parameters account for 53%, 60% and 34.7%, respectively.

In accordance with its 2004 Program on gas deliveries to the RF constituents, Gazprom channeled RUR 65.6 mln to construct the local Tikhonovka settlement – Pervomaisky settlement (Kalachevsky District of the Volgograd Region) gas pipeline, with another RUR 81 mln projected for the construction completion due 2005.

Over 2005, the Regional consumers’ gas debt to Gazprom has grown more than RUR 428 mln to RUR 2 bln, as of 1 May.

On 17 May 2005, Gazprom and the Volgograd Region entered into an Agreement to restructure the Regional consumers’ RUR 1,486 bln outstanding gas debt due before 2009.

DIVISION OF RELATIONS WITH MASS MEDIA

 

 

 

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