The Gazprom Board of Directors expressed its approval of the Company's on going projects for the production and supply of liquefied natural gas. It was noted that the Company's work in this promising direction will make it possible to strengthen the position of Gazprom in foreign markets and address in a more flexible manner the tasks related to providing reliable gas supplies to domestic consumers.Near the settlement of Ust-Luga in the northwestern part of Russia, Gazprom and RusGazDobycha are building the Complex for processing ethane-containing gas. The Complex will include a large-scale liquefied natural gas production plant which, with its capacity of 13 million tons of LNG per year, is designed to become the biggest such plant in northwestern Europe.The project for the construction of the LNG production, storage and shipment complex near the Portovaya CS in the Leningrad Region is in its final stage. The complex will produce 1.5 million tons of LNG per year. The possibility of building another mid-scale LNG plant near Vladivostok is being considered.