The Gazprom Headquarters hosted today a meeting of the Company’s Coordinating Committee for Environmental Protection and Energy Efficiency. The meeting was moderated by Alexander Ananenkov, Deputy Chairman of the Gazprom Management Committee, Head of the Coordinating Committee.

Taking part in the meeting were heads of the Gazprom Administration specialized subdivisions and subsidiary companies – Gazprom gaznadzor, Gazprom neft, SOGAZ, Gazprom sotsinvest and Piter Gaz.

The meeting participants discussed the issues of insuring against Gazprom’s environmental risks. It was noted that at the moment, in compliance with the Russian legislation in force, the mandatory insurance of legal entities’ liability covered only those production facilities that were under operation. In this regard, the meeting marked the importance of the voluntary insurance of the facilities under construction or commissioning against environmental risks.

The specialized subdivisions were tasked to elaborate an insurance program for insuring against the Company’s environmental risks.

The Committee meeting addresses the issues of ensuring environmental safety when constructing Gazprom’s sports and tourist facilities in Sochi and the Dzhubga – Lazarevskoye – Sochi gas pipeline. The appropriate subdivisions and subsidiaries were entrusted with exercising control over the required environmental protection measures execution on each and every stage of facilities construction and operation. In particular, the measures are aimed at protecting the air, water, soil, flora and fauna.

The Coordinating Committee addressed the issues of preventing and cleaning the accidental spills of oil and oil products. A decision was made to prepare the corporate regulatory documents related to operations management streamlining.

Background:

The Gazprom Coordinating Committee for Environmental Protection and Energy Efficiency was established in October 2007 in order to provide an integrated approach and coordinate the environmental activities of the Company’s structural units and subsidiaries.

The major goals of the Committee are as follows:

- comprehensive evaluation of the effectiveness of the Gazprom Group environmental activities;

- introduction of an integrated management system for environmental, energy saving and energy efficiency areas;

- coordination of Gazprom’s interaction with environmental authorities and public entities.