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Gazprom

November 18, 2005

On Gazpromís Regional Policy Commission meeting

Alexander Ryazanov, Deputy Chairman of Gazpromís Management Committee has convened a meeting of Gazpromís Regional Policy Commission.

The Commission discussed the preliminary results of gas deliveries to Russian customers over 2005 and addressed supply projections for 2006.

The Commission advised that Gazpromís Marketing and Gas & Liquid Hydrocarbons Processing Department and Mezhregiongaz keep improving the discipline of gas payments from the Russian Federation consumers.

The meeting pointed to the need of passing legislation relative to reserve fuels owned by prominent Russian gas consumers. Gazpromís core business units received pertinent instructions.

Ultimately the meeting heard a report by Sibneftís top management on said firmís regional policy. The Commission entrusted the Department of Relationships with the RF Regional Authorities with developing measures to bring Sibneftís regional policy in line with Gazpromís Regional Policy Conception.

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