On December 25-30, 2003, Gazprom will hold a tender to determine energy auditors of the Company’s subsidiaries for 2004.

29 auditing companies acredited by Gazprom under the Company’s Provision on Energy Auditors Acreditation are expected to participate in the tender.

Based on the tender results, Gazprom’s Tender Committee will conclude relevant contracts with the tender winners for auditing over a hundred of the Company’s facilities. The auditors will be chosen based on their specialization, work experience at Gazprom’s facilities, geographical location and estimated cost of the proposed works.

The outcomes of the tender will be announced in January, 2004.

The tender is arranged within the frames of Gazprom’s policy aimed to raise the transparency and to optimize corporate expenses on acquiring third parties’ goods and services for the parent company and its subsidiaries.

Reference:

Energy audit is a voluntary supervision procedure effected by specialized independent organizations (energy auditors) in order to assess how Gazprom’s subsidiaries and other fuel and energy consumers comply with energy consumption normatives, legal documentation and the RF prevailing energy saving legislation.

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