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Gazprom

August 2, 2004

Outcomes of Alexey Miller and Alexander Dzasokhov’s working meeting

A working meeting between Alexey Miller, Gazprom’s Management Committee Chairman and Alexander Dzasokhov, President of the Republic of North Ossetia – Alania was conducted today at Gazprom’s Headquarters.

The parties addressed the implementation of the Cooperation Agreement concluded between Gazprom and North Ossetia. The Republican considerable natural gas debt as well as insufficiently high level of current gas payments are a major hurdle for interaction between the parties.

The meeting reached an agreement that the Republican authorities would step up exhaustive measures to settle the existing situation and that the parties would jointly produce and then sign a debt restructuring agreement planned to be implemented starting September with the view of signing a new 5-year Cooperation Agreement between Gazprom and the Republic of North Ossetia – Alania.

Reference:

The authorities of the Republic of North Ossetia – Alania and Gazprom entered into a 5-year Cooperation Agreement on 12 October 1999.

In 2003, Gazprom supplied the Republican consumers with 1.5 bcm of gas and roughly the same amount is targeted for this year.

As of 1 July 2004, the Regional consumers’ total debt for gas supplied exceeded RUR 1.4 billion, RUR 108 million up against 1 January 2004. The debt largely grew due to non-payments on the part of gas distribution companies, reaching RUR 895.26 million (63.45% of overall indebtedness), with the Sevosgaz gas distribution company being the largest debtor owing RUR 528.7 million (36.9%), as of 1 July 2004.

Gas deliveries to North Ossetia – Alania have been paid up at 77% in 2004.

The gas supply network of the Republic of North Ossetia – Alania is developed at 86.3% of maximum gas demand, including 92.7%, in towns and cities and 71.2%, in rural area. The same parameters throughout Russia average 52.7%, 60.2% and 33.1%, respectively.

The 2004 Program on gas supply expansion in the RF regions does not prescribe funds being earmarked to construct gas facilities in the Republic of North Ossetia – Alania.

DIVISION OF RELATIONS WITH MASS MEDIA

 

 

 

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