A working meeting between Alexey Miller, Gazprom’s Management Committee Chairman and Klaus-Peter Muller, Chairman of the Board of Commerzbank AG, was held today at Gazprom’s Headquarters.

The parties highly appreciated cooperation results in the project finance and long-term loan arrangement sectors.

Alexey Miller informed Klaus-Peter Muller of Gazprom’s development outlooks.

Alexey Miller and Klaus-Peter Muller exchanged opinions on Gazprom’s CIS and EU countries-oriented projects funding.

Klaus-Peter Muller stated that Gazprom was one of Commerzbank’s key counterparts given its large-scale development projections, oil business expansion inclusive.

Reference:

Commerzbank AG is one of the largest finance organizations in Germany and Europe, operating through 43 locations worldwide.

Commerzbank is member with a range of banking consortiums granting large loans for Gazprom’s projects, including the MIDAL-STEGAL and Blue Stream gas pipeline engineering project.

At the start of 2004, Commerzbank served as arranger for a long-term loan granted to Gazprom by a banking syndicate.

DIVISION OF RELATIONS WITH MASS MEDIA