The Gazprom Headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Jim Mulva, Chairman of the Board and CEO of ConocoPhillips.

The parties discussed the prospects for the execution of joint projects on international energy markets, particularly in the LNG sector. Special emphasis was put on the cooperation in the Arctic areas including Alaska. The sci-tech cooperation in the sectors related to the comprehensive field development, hydrocarbon transportation in the Extreme North environment as well as geological exploration offshore Alaska were named as the areas of possible cooperation. As Alexey Miller pointed out: “Gazprom’s track record will be extremely helpful when implementing new gas projects in the USA”.

Based on the meeting results the participants confirmed their interest in cooperation deepening between Gazprom and ConocoPhillips in the energy sector.

Background:

An internationally integrated oil and gas company ConocoPhillips is one of the major players on the USA energy market. ConocoPhillips operates in more than 40 countries of the world and mainly focused on the four main targets: hydrocarbon exploration and production, transportation, oil refining and derivatives marketing; natural gas extraction, processing and marketing; petrochemicals and plastics production and marketing.

Being among the top three (along with BP and Sempra) natural gas vendors in the USA, ConocoPhillips sells domestically some 90 bcm of gas per annum, serving gas distribution companies, power plants and industrial customers.

The company operates one of the first LNG plants based on Alaska and develops a handful of similar projects on a global scale.