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GAZPROM

July 27, 2007

On working meeting between Alexander Ananenkov and Vladimir Makeyev

The Gazprom Headquarters has hosted a working meeting between Alexander Ananenkov, Acting Chairman of the Gazprom Management Committee and Vladimir Makeyev, Chairman of the Management Board of ITERA Oil & Gas Company.

The parties discussed the progress with implementing the Partnership Agreement between Gazprom and ITERA over 2006 to 2010. The meeting examined issues relevant to joint execution of the gasification program of the Irkutsk Oblast based on the Bratsk gas and condensate field. The license for the field is held by Bratskecogas, a subsidiary of ITERA.

Alexander Ananenkov and Vladimir Makeyev discussed also cooperation development in the oil and gas sector.

Reference:

Gazprom and ITERA Oil & Gas Company entered into an Agreement on partnership for 2006 to 2010 in June 2006. The Agreement contemplates promoting cooperation in a wide variety of matters including expanding, reconstructing and modernizing the Unified Gas Supply System of Gazprom as set out in the General Scheme for the gas industry’s development up to 2030; executing joint petrochemical projects; selling gas to Gazprom; supplying feedstock to Gazprom controlled processing facilities; ecology.

The General Scheme of gas supply to and gasification of the Irkutsk Oblast was approved by the Irkutsk Oblast Governor Alexander Tishanin in December 2005. The Scheme contemplates establishing in the Oblast a comprehensive gas production, transmission and supply system based on local hydrocarbon resources. First gas deliveries to the region are planned in 2007.Gazprom has been appointed as the Scheme implementation operator.

In September 2006 in the frames of the General Scheme of gas supply to and gasification of the Irkutsk Oblast Gazprom and ITERA Oil & Gas Company inked a Memorandum of cooperation regarding gas from the Bratsk gas and condensate field in the Irkutsk Oblast. The document in particular stipulates that ITERA is committed to bringing onstream the Bratsk gas & condensate field as a hydrocarbon feedstock source for the regional gasification to 2008. The license for the field is held by Bratskecogas, a subsidiary of ITERA. Gas will be sold to Gazprom on the agreed terms.

 

 

 

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