Today the management Committee of Gazprom considered and adopted key assumptions for drafting financial plan, balance of payments projections, investment program highlights, corporate cost optimization guidelines for 2005 to 2006.

Draft financial plan involves scenarios of social and economic development in the Russian Federation in 2005 and up to 2007, developed by the RF Ministry of Economic Development and discussed 25 March 2004 at the Session of the Russian Federation Government.

Under these projections capital expenditures will account for RR 258.6 billion.

In 2006 capital expenditures is projected at RR 277 billion.

In 2005 money raising will account for RR 120 billion and in 2006, RR 90 billion.

In line with draft program of the corporate costs optimization Gazprom should save RR 20 billion in 2005 and in 2006, RR 15 billion.

Gazprom’s Management Committee issued a resolution to submit these draft documents for the Board of Directors of Gazprom approval.

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