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GAZPROM

June 29, 2004

Results of Alexey Miller and Mladjan Dinkic’s working meeting

A working meeting between Alexey Miller, Gazprom’s Management Committee Chairman and Mladjan Dinkic, Finance Minister of the Republic of Serbia, was held today at Gazprom’s Headquarters.

The meeting addressed issues of bilateral cooperation in the gas business.

Mladjan Dinkic stated that the Government of the Republic of Serbia was seeking ways of settling Serbia’s gas debt to Russia. The parties deliberated on shifting over to long-term gas supply contracts and Gazprom’s potential involvement in implementing investment projects in the Serbian gas industry.

Reference:

Starting 2001, gas has been delivered to the former Yugoslavia by Gazexport, pursuant to a Contract concluded with the state-run company Petroleum Industry of Serbia.

In 2003, Serbia received 1.873 bcm of Russian gas and 2-2.1 bcm are targeted for 2004.

The existing Contract envisages gas deliveries to Serbia until year-end 2004. Due to the unsettled gas debt, the parties were extending the Contract on a short term basis.

DIVISION OF RELATIONS WITH MASS MEDIA

 

 

 

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