Gazprom has announced the signing of the agreement of cooperation between Mr Alexey Miller chairman of the company’s management committee and Mr Vyacheslav Nagovitsyn president & chairman of the government of the republic of Buryatia.

Mr Alexey Miller chairman of Gazprom management committee and Mr Vyacheslav Nagovitsyn president & chairman of the Government of the Republic of Buryatia have signed the agreement of cooperation.

The Agreement envisages the following joint activities:

1. Implementation of the Development Program for an integrated gas production, transportation and supply system in Eastern Siberia and the Far East, taking into account potential gas exports to China and other Asia Pacific countries

2. Development of programs and execution of projects for gas supply to and gasification of the Republic of Buryatia with compressed and liquefied gas based on relevant investment projects

3. Supply of hydrocarbon feedstock to industrial consumers and the population

4. Development and introduction of gas and energy saving technologies

5. Preparation and approval of regional fuel and energy balances considering efficient utilization of indigenous resources
6. Creation of an integrated system of environmental monitoring.

While executing joint projects in Buryatia the Government of the Republic is intent to assist Gazprom in creating a favorable investment and taxation environment needed to ensure the Company’s efficient operation in the region.