Today at the St. Petersburg International Economic Forum 2010 top managers of Gazprom held a number of meetings with representatives from leading international finance institutions.

Alexey Miller, Chairman of the Management Committee of Gazprom met with Josef Ackermann, Chairman of the Management Board and the Group Executive Committee of Deutsche Bank.

The parties pointed out the successful cooperation in developing Gazprom’s oil business and considered the prospects for joint efforts, in particular – raising funds for new investment projects execution.

Alexey Miller also met with Vikram Pandit, Chief Executive Officer of Citigroup. The meeting focused on borrowing funds for Gazprom and providing consulting services to the Company by Citigroup. The parties’ cooperation prospects in arranging Gazprom’s corporate finance were highly regarded.

Background:

As of December 31, 2009 the total assets of Deutsche Bank Group amounted to EUR 1.5 trillion.

Deutsche Bank AG acted as a co-manager of a range of Eurobond issues for Gazprom.  Moreover, in December 2009 the bank provided Novy Urengoy Gas Chemical Complex with a loan for a gas chemical facility construction project, in May 2010 the bank participated in the Nord Stream project financing.

Citigroup is one of the world’s largest finance institutions.

In October 2005 Citigroup was among six co-managers of the syndicated loan for Gazprom to acquire a stake in Sibneft (present Gazprom neft) worth USD 13.1 billion in total. Citigroup took part in the Gazprom Oil Business Strategy development.

In 2007–2008 Citigroup actively cooperated with Gazprom in arranging a bridge loan to acquire a stake in Mosenergo and acted as a manager of several Eurobond and ruble bond issues for Gazprom.

In 2009–2010 Citibank, a member of Citigroup, was the manager and major creditor of the export financing for the Portovaya compressor station construction.