EuroPolGaz Supervisory board held a regular meeting today in Warsaw under the chairmanship of OAO Gazprom Management Committee Deputy Chairman Alexander Medvedev.

From the Russian side the meeting was attended by Management Committee member and head of the legal department Nikolai Dubik, head of the foreign economic activity department Stanislav Tsygankov, and First Deputy Director General of OOO Gazprom export Sergei Yemelyanov. The Polish side was represented by PGNiG President of the Management Board Michal Szubski and Management Board Vice-presidents Miroslaw Dobrut, Slawomir Hinc, and Radoslaw Dudzinski.

The meeting considered joint venture operations. In particular, the parties discussed the submission of a tariff application for 2009 for the transportation by EuroPolGaz of natural gas across the Polish territory, the completion of the construction of a fiber-optic communications line of the Yamal – Europe gas pipeline, as well as several issues of current business activities.

It has been agreed to hold the next meeting of EuroPolGaz Supervisory Board in Gdansk.

In the framework of the visit Deputy CEO Alexander Medvedev also had a meeting with Polish Deputy Prime Minister and Economic Minister Waldemar Pawlak to discuss bilateral cooperation in the gas industry.

Background:

Joint-stock company Transit Gas Pipeline System EuroPolGaz was founded in September 1993. The company was created in the framework of the intergovernmental agreement On the construction of a system of gas pipelines for transit of Russian gas through the territory of Poland and deliveries of Russian gas to Poland of August 25, 1993. EuroPolGaz basic activity guidelines comprise design, construction and operation of the Polish section of the Yamal – Europe gas pipeline.

EuroPolGaz owns the 684-kilometer long Yamal – Europe pipeline section running across the Polish territory, as well as five compressor stations. The annual carrying capacity of the pipeline comprises close to 30 billion cubic meters provided simultaneous operation of the five compressor stations.

Gazprom and PGNiG SA are the main shareholders of EuroPolGaz.