Moderated by Alexander Ananenkov, Deputy Chairman of Gazprom’s Management Committee, a regular session of the Gazprom Central Commission for Subsurface Use and Licensing Management has taken place today at Gazprom’s Headquarters.

The session addressed the expediency for Gazprom and its gas producing subsidiaries to bid at auctions projected in 2006 by the Federal Agency for Subsurface Use for upstream licenses in the Yamal-Nenets and Khanty-Mansi Autonomous Areas and the Komi Republic.

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The Gazprom Central Commission for Subsurface Use and Licensing Management is a standing body established for the purpose of increasing the Gazprom Group’s resource base management and development efficiency.

The Commission pursues the objective of optimizing Gazprom’s resource base, securing projected gas production rates and enhancing subsurface use efficiency.