The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Peter Voser, Chief Executive Officer of Shell.

The parties discussed interaction of the companies within the Protocol on Strategic Global Cooperation. Particular attention was given to the issue of joint projects implementation in Russia's Far East and Western Siberia.

Moreover, the meeting participants considered the opportunities for further development of cooperation on hydrocarbons processing and distribution in Russia and Europe as well as for involvement of Gazprom in Shell's oil and gas exploration and production projects in third countries.

The parties discussed the current status of the global energy markets and focused on boosting LNG deliveries to Japan as part of the Sakhalin II project in order to supply consumers with energy as soon as possible.

Background

Shell is a British-Dutch petroleum company focused on hydrocarbons production, processing and marketing in over 90 countries of the world.

On April 18, 2007 Gazprom and the shareholders of Sakhalin Energy (Royal Dutch Shell plc, Mitsui & Co. Ltd, and Mitsubishi Corporation), the Sakhalin II project operator, signed the Purchase and Sale Agreement under which Gazprom acquired a stake of 50 per cent plus one share in Sakhalin Energy.

As part of the project, Russia's first LNG plant was commissioned in early 2009 paving the way for Russian LNG exports to foreign consumers. In 2010 the plant reached the design capacity of 9.6 million tons per annum.

On November 30, 2011 Gazprom and Shell signed the Protocol on Global Strategic Cooperation providing for a wider interaction of the companies in hydrocarbons exploration, production, processing and distribution in Russian and international energy markets.