Gulf Oil and Gas accountACCOUNT

Discussion of Gasification Opportunities

Source: www.gulfoilandgas.com 12/23/2010, Location: Asia

A working meeting took place between Alexey Miller, Chairman of the Gazprom Management Committee and Mikhail Ignatyev, President of the Chuvash Republic.

The parties addressed the regional gasification issues, particularly the opportunities for gasifying the Zavolzhsky district in the city of Cheboksary. According to the provisional estimates, 121 kilometer long inter-settlement and gas distribution pipelines are to be constructed for this purpose.

The project was marked as potentially interesting and the Company will make the final decision on participation in the Zavolzhsky district gasification once the design and estimate documents and the investment rationale are prepared and analyzed.

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