Gazprom

Gazprom activities in Europe, CIS & Baltic, America & Asia-Pacific

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For over 40 years Europe has been the most important consumer of Russian gas. More than 20 countries of Central and Western Europe account for above 65 per cent of the total gas exports by Gazprom.

Gazprom values its customers and makes great efforts to secure steady gas supplies for a long-term period. Gazprom signed multi-year gas supply contracts with major customers, which helps make long-term fuel production and transportation plans.

Gazprom owns the world’s largest gas transmission system capable of continuous gas delivery over long distances to consumers in the Russian Federation and abroad.

In order to improve the reliability of supplies and provide capabilities for increasing them and reducing transit risks, Gazprom together with its European partners implements new gas transmission projects, namely, the Nord Stream and the South Stream.

The underground gas storage (UGS) facilities located in European countries help increase reliability and flexibility of exports.

In its collaborative effort with the European partners, Gazprom is seeking to form a value chain from production to end consumer.

Thus, partnerships with the German Wintershall Holding and E.ON Ruhrgas include gas production (Achimov deposits in the Urengoy and Yuzhno-Russkoye fields), transmission (the Nord Stream gas pipeline) and distribution (gas supplies through a joint venture with Wintershall Holding – Wingas, as well as projects with E.ON in power generation).

Gazprom’s partners from Italy participate in the SeverEnergia production project, the South Stream project, and joint projects in third countries.

Gazprom’s European partners are also involved in the Sakhalin II project and in the Shtokman field development.

In order to strengthen the Group positions abroad, Gazprom neft acquired a 51 per cent stake in the NIS oil company.

Moscow St. Petersburg Baku Minsk Tashkent Alma-Ata Yerevan Astana Bishkek Kishinev Dushanbe Ashgabat Kiev Riga Tallinn Vilnius

The CIS and Baltic states are traditional consumers of Russian gas. The Group’s strategy aims to preserve the attractiveness of Russian gas to consumers in the region.

Gazprom’s pricing policy with regard to the CIS and Baltic states provides for a phased adjustment of contractual terms and pricing mechanisms in accordance with the current situation on the European gas market.

One of the elements of the Company’s strategy in the CIS and Baltic states is to increase access to end users. Gazprom sbyt Ukraine, a subsidiary of Gazprom, is in charge of direct gas supplies to industrial consumers in Ukraine, whereas ArmRosGazprom supplies and distributes gas on the Armenian domestic market.

Using their presence on the markets of the CIS and Baltic states, Gazprom’s joint ventures actively participate in the equity capitals of local gas distribution and transmission companies.

Gas purchases in Central Asia are an important element of building Gazprom’s overall resource base that would meet the market needs in Russia, as well as in the CIS and beyond.

Shanghai Singapore Kuala Lumpur Seoul Tokyo Los Angeles Sydney Melbourne San Francisco Seattle Vancouver Washington New York Orlando Miami Las Vegas Denver San Diego Atlanta Boston Dallas Detroit Indianapolis Memphis San Jose Philadelphia Phoenix Houston Chicago

The American and Asia-Pacific countries are new and promising sales markets for Gazprom.

Liquefied natural gas (LNG) supplies buildup is among the priorities in the gas sales development on the new markets.

In 2005 Gazprom started making LNG spot and swap deals. In 2009 as part of the Sakhalin II project the Company commissioned Russia’s first LNG plant and launched Russian LNG supplies to foreign consumers. Also in 2009, Gazprom Marketing & Trading, a member of the Gazprom Group, began to deliver gas to the North American market.

In order to expand its LNG business, Gazprom is considering several options to build gas liquefaction plants, particularly on the basis of the Shtokman field on the Yamal Peninsula in the Russian Far East.

Currently, talks are underway with companies from Asia-Pacific on exporting Russian natural gas and LNG to South Korea, Japan and China.

The development strategy of Gazprom as a global energy company is targeted at building the entire chain from production to marketing of hydrocarbons on new markets based on the production facilities located beyond Russia. Under this strategy, Gazprom conducts exploration on the Venezuelan shelf and negotiates access to oil and gas projects in Bolivia.

Final Press Conference

Stock quotes			Capitalization

Kaleidoscope

News by photographers

Major projects:

Yamal Eastern Gas Program Nord Stream South Stream Shtokman Sakhalin II Gasification

Day by day

Alexey Miller’s
column

– We are confident that South Stream will be commissioned on time

Comments by analysts and experts

Gazprom’s first quarter results surpass market forecasts

The Group achieved record high EBITDA, and its capital investments were also record high

Oleg Maksimov, Troika Dialog

In total, Gazprom’s annual net profit is expected to be some USD 43 billion, that is to say, its ruble equivalent will significantly exceed RUB 1 trillion

Timur Salikhov, Morgan Stanley

In the first quarter considerable gas volumes were purchased by Turkey and Italy, Naftogaz Ukrainy brought back 11 billion cubic meters of gas to RosUkrEnergo, Sakhalin II progressed well

Anna Yudina, Raiffeisen Bank

Forums and exhibitions

IFRS results

Gazprom 2014

September highlights

The Board of Directors approved the adjusted Investment Program, Budget and Cost Reduction Program for 2011.

The Company started injecting gas into the first string of the Nord Stream gas pipeline.

The Sakhalin – Khabarovsk – Vladivostok GTS first startup complex was commissioned.

The Company signed:

the Shareholder Agreement for the offshore section of the South Stream project with Eni, BASF и EDF;
the Memorandum of Understanding between Gazprom and North Korea's Ministry of Oil Industry;
the Roadmap on the project for natural gas supplies from the Russian Federation to the Republic of Korea between Gazprom and Kogas;
the Agreement on Gas Purchase between Gazprom and SeverEnergia;
the Program to boost demand for innovative products in the gas industry between Gazprom and RUSNANO;
the Sci-Tech Cooperation Program until 2015 between Gazprom and the Yamal-Nenets Autonomous Okrug Government.

Gazprom's delegations took part in the International Investment Forum “Sochi – 2011”; the 10th International Conference for Oil and Gas Resources Development of the Russian Arctic and CIS Continental Shelf “RAO/CIS Offshore 2011”; the 15th International Conference “Sakhalin Oil and Gas 2011”.

The 4th Summer Children's Spartakiada Games of Gazprom took place.