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GAZPROM

September 21, 2005

On working meeting between Alexey Miller and Uichiro Niwa

Gazprom’s Headquarters has hosted today a working meeting between Alexey Miller, Chairman of Gazprom’s Management Committee and Uichiro Niwa, Chairman of the Board of Directors of Itochu Corporation.

The parties pondered on the outlook of further cooperation between the two firms, focusing, in particular, on interaction within the Program on setting up an integrated gas production, transmission and supply network in Eastern Siberia and the Far East, taking into account potential gas exports to China and other countries of Asia Pacific. A focus of the meeting fell on potential implementation of projects on value-added processing of feedstock from Eastern Siberia.

At the same time, the parties discussed issues of cooperation in LNG production, transmission and marketing projects.

Joint studies of energy saving and environmental protection projects were identified as a promising direction of collaboration.

In addition, the meeting reviewed the possibility of supplying pipes for the construction of the offshore section of the North-European gas pipeline.

Reference:

Itochu Corporation is the parent company of the group of firms dealing with the following major businesses: industrial projects; machinery; aerospace, electronics & multimedia; energy, metals & minerals; chemicals, forest products & general merchandise; textile; foodstuffs; finance, realty, insurance & logistics services.

Through its subsidiary SODECO, Itochu is engaged in the Sakhalin-1 project.

Itochu Corporation has been developing business relationships with Gazprom for more than 30 years. In particular, within a consortium also comprised of the Japanese companies Sumitomo and Mitsui, Itochu supplied pipes for the underwater part of the Blue Stream gas pipeline.

In 1995, Itochu Corporation joined the Advisory Council on Foreign Investment in Russia.

DIVISION OF RELATIONS WITH MASS MEDIA

 

 

 

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