The Gazprom headquarters hosted a working meeting between Mr Alexey Miller, Chairman of the Company Management Committee and Mr Alexander Khoroshavin, Governor of the Sakhalin Oblast.

The parties discussed the issues of cooperation between Gazprom and the Oblast Government within the Eastern Gas Program. In particular, the meeting touched upon progress in constructing the inter-regional Sakhalin Khabarovsk Vladivostok gas transmission system unrivaled in the Far East.

Consideration was also given to the regional gasification projects. At present, the Company has almost completed testing of the linear part of the inter-settlement gas pipeline linking the Dalneye GDS with CHPP-1 in Yuzhno-Sakhalinsk. In addition, Gazprom is constructing an inter-settlement gas pipeline from the Dalneye GDS to the Novo-Alexandrovsk settlement and designing new gas laterals. In 2011 the Company is planning to allocate RUB 670 million for the Oblast gasification.

Mr Alexey Miller and Mr Alexander Khoroshavin discussed the opportunities for constructing an oil refinery in the Sakhalin Oblast. It was noted that in the present year Gazprom was planning to finalize the Investment Concept for the oil refinery construction. Meanwhile, the transition to the Investment Rationale preparation stage is only possible in case of the required resource base availability.