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Gazprom

December 28, 2005

Alexey Miller conducts conference call

Today Alexey Miller, Chairman of Gazpromís Management Committee has conducted a traditional pre-holiday conference call with subsidiary heads.

Wishing each subsidiaryís team a Happy New Year and a Merry Christmas, Alexey Miller said:

ďOn behalf of Gazpromís Management Committee and myself let me sincerely wish all of you a Happy New Year and a Merry Christmas.

This expiring year has become a crucial period for the sustainable development of Gazprom as the worldís leading energy firm.

I am proud to emphasize that in the expiring year the first tanker with Gazpromís LNG on board arrived in the USA. Thus, we installed Gazpromís flag in the US market.

Full ramp-up of the Blue Stream gas pipeline, a unique transmission artery of Gazprom, solidified our positioning in Europe.

First steps in the North European gas pipeline construction will help expand our businesses in the European market, enhance security & safety and maneuverability of gas supply and directly link gas transmission networks of Russia and Europe.

Among this yearís most prominent events Iíd like to single out Gazpromís buying into the Sibneft oil company, which is the largest transaction in the new Russiaís history. The alignment of forces in the Russian energy market changed in Gazpromís favor, we reinforced our competitive advantages.

We did a big scope of work to switch to market-based principles of cooperation in the gas industry with all the countries importing our gas. This is a significant step towards forming a civilized gas market within the former Soviet Union.

I am very glad to point out that investors look favorably upon Gazpromís activity: the companyís capitalization surpassed the US $160 bln notch. We signed crucial documents on the Gazprom share market liberalization.Ē

 

 

 

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