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GAZPROM

September 23, 2005

On working meeting of Alexey Miller, Viset Choopiban and Chitrapongse Kwangsukstith

Gazpromís Headquarters has hosted today a working meeting of Alexey Miller, Chairman of Gazpromís Management Committee, Viset Choopiban Thailandís Energy Minister and Chitrapongse Kwangsukstith, Senior Executive Vice President of PTT Public Company Limited (Thailand).

The parties expressed their interest in promoting strategic long-term and mutually beneficial partnership ties between Gazprom and Thai energy firms both in Thailand and third countries.

In particular, the meeting touched upon Gazpromís potential involvement in oil & gas exploration, production, transmission, storage, processing and marketing projects as well as development of business contacts with the leading Thai energy firm PTT Public Company Limited.

The parties achieved an accord to come up over a two-month period with a business plan on major directions of potential cooperation and to discuss it during a summit of the Asian-Pacific Economic Cooperation member countries, to be held in Pusan, South Korea.

Reference:

Thailandís proved natural gas reserves account for 430 bcm. In 2004, the country produced 20.3 bcm of gas, with annual consumption amounting to 28.7 bcm. The share of natural gas, oil, coal and hydropower in Thailandís energy basket stands at 32, 54, 12 and 2 percent, respectively.

Thailand is aggressively developing its gas transmission network consisting of the 1,400-km-long offshore (the most developed) and 1,250-km-long onshore sections. At present, the country is working on a string of new subsea gas pipeline construction projects.

PTT Public Company Limited is the only Thai vertically integrated petroleum business 52 percent-state owned and 48 percent- stock market traded. The company is a prominent national supplier of oil, gas condensate and refining products.

DIVISION OF RELATIONS WITH MASS MEDIA

 

 

 

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