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CONTENTS
OAO GAZPROM’S MISSION
OAO Gazprom’s mission is to ensure a safe, efficient, and balanced supply of natural gas,
other types of energy resources, and refined products to consumers.
© 2003-2011 OAO Gazprom
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OAO GAZPROM’S MISSION
OAO Gazprom’s mission is to ensure a safe, efficient, and balanced supply of natural gas,
other types of energy resources, and refined products to consumers.
OAO GAZPROM’S STRATEGIC GOAL
OAO Gazprom’s strategic goal is to establish itself as a leader among global energy companies
by entering new markets, diversifying its activities, and ensuring reliable supplies.
PRINCIPLES OF OAO GAZPROM’S OPERATIONS
  • raising the efficiency of operations;
  • diversifying through high-performance projects to create products with high added value;
  • increasing capitalization and credit ratings;
  • meeting the interests of all OAO Gazprom shareholders;
  • improving corporate governance;
  • improving the transparency of financial and business activities;
  • establishing personal responsibility in its leadership for managerial decision-making;
  • minimizing specific adverse environmental impact from technological causes.
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Exploration
and production
 
  • The worldwide leader
    in termsof natural gas
    reserves and production
  • Rapidly growing oil segment

Refining
 
  • Almost half of the total natural gas refining in Russia
  • Leading position in oil and gas condensate refining among Russian companies

Electric power
 
  • Leader in the installed
    capacity and electric power
    generation in Russia
 
 
Map keys
Transportation
and storage
  • The world’s largest gas transportation system
  • Developed infrastructure
    of UGSF in Russia and access
    to storage capacities abroad

Marketing
 
  • The major natural gas supplier
    to Russian and FSU consumers
  • The largest natural gas exporter in the European market
  • Access to end consumers at foreign gas markets and growing
    sales of LNG
  • A major player of international
    oil trade
  • Increase of refined products sales, including retail sales
Glossary of basic terms and abbreviations
ADR of OAO Gazprom
An American depository receipt issued on OAO Gazprom’s shares. It equals four ordinary shares of OAO Gazprom

APG
Associated petroleum gas

Asian and Pacific Region
Includes countries located on continental Asia and America and in the Pacific Ocean zone

bcm
Billion cubic meters

BCS
Booster compressor station – a production station, which is used to compress natural gas in order to ensure its compliance with the design quality and quantity for a specific field and the estimated pressure in the trunk pipeline system

Central Asia
Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan

CGTP
Complex gas treatment plant

CNG
Сompressed natural gas

Contracts for Capacity Supply
Withing the framework of Contracts for Capacity supply a generating company has an obligation to supply the predetermined volume of capacity at the specified price (the investment payback period is set at 10 years) within the specified time frame, while the customer undertakes to pay for it withinthe specified time frame

CS
Compressor Station

Dollars, US $
U.S. dollars

EU
European Union

Far Abroad
Foreign countries, excluding FSU Countries

FSU Countries
Republics of the former USSR, except for the Russian Federation

Gas cubic meter, cm
Cubic meter of natural gas as measured at a pressure of one atmosphere and 20°C

Gasification
Construction of low-pressure gas pipelines to ensure gas supply to the ultimate consumers

Gazprom Group, Group, Gazprom
OAO Gazprom (head company) and its subsidiaries taken as a whole. For the purposes of the Annual Report, the list of subsidiaries was prepared on the basis used in the preparation of OAO Gazprom’s combined accounting (financial) statements in accordance with the requirements of the Russian legislation

GRES
State district power station

GPP
Gas processing plant

Hydrocarbon reserves (categories A+B+C1)
Explored reserves according to the Russian standards of classification. Explored gas reserves (categories A+B+C1) are considered fully recoverable. For oil and gas condensate reserves special index of extraction is used. This index is calculated taking into account geological and technical factors

Hydrocarbon reserves (categories C1+C2)
Category C1 includes oil or gas reserves that are defined as present in certain wells, and there are favorable production and geological data for other wells. Category C2 includes oil and gas reserves that are expected to be present according to geophysical data within the known gas bearing regions. Category C2 reserves belong to the estimated ones and serve as a basis for setting up exploration work at a specific field

IFRS
International Financial Reporting Standards

International PRMS standards
International classification and estimates of hydrocarbon reserves according to PRMS (Petroleum Resources Management System). The standards not only assess the presence of hydrocarbons but also provide estimates as to the economic practicability of their extraction and the validity of their presence as well as take into account the fields’ economic life

LNG
Liquefied natural gas

LSE
London Stock Exchange

MICEX
Moscow Interbank Currency Exchange

mcm
Thousand cubic meters

mmcm
Million cubic meters

Principles for Gazprom Group’s and Related Companies’ Hydrocarbon Reserves and Production Accounting
The hydrocarbon reserves and production data shown in the Annual Report take into account Gazprom Group’s control over or influence upon the organization, which is qualified as a subsoil user. Gazprom Group’s reserves and production volumes include all hydrocarbon reserves and production volumes at the fields belonging to OAO Gazprom and Gazprom Group’s entities consolidated as subsidiaries. Related companies’ reserves and production volumes are not accounted for in the total volume of Gazprom Group’s hydrocarbon reserves and production volumes and are shown for reference purposes in the part related to the Group

Related company
A company, in which Gazprom Group has over 20 % of voting shares (in case of a joint stock company) or a 20 % shareholding (in case of a limited liability company). For the purpose of the Annual Report, the list of subsidiaries was prepared on the basis used in the preparation of OAO Gazprom’s combined accounting (financial) statements in accordance with the requirements of the Russian legislation

Rubles, RR
Russian rubles

Sale of hydrocarbons and refined products
Volumes of natural gas, oil, gas condensate, and refined products sold to consumers in the considered market with no account taken of the intercompany sales. All the volumes of hydrocarbons and refined products sold by Gazprom Group are taken into account: those produced by the company itself and those purchased from third companies

tce
A ton of standard coal equivalent. It is equal to 877 cubic meters of natural gas or 0.7 tons of crude oil and gas condensate

TPP
Thermal power plant

TPS
Thermal power station

UGSF
Underground gas storage facility

UGSS
Unified Gas Supply System of Russia

VAT
Value added tax

Western Europe
Austria, Andorra, Belgium, Germany, Greenland, Greece, Denmark, Irish Republic, Iceland, Spain, Italy, Cyprus, Lichtenstein, Luxemburg, Malta, Monaco, Netherlands, Norway, Portugal, San Marino, United Kingdom of Great Britain and Northern Ireland, Turkey, Finland, France, Switzerland, and Sweden
Notes
1. Browsing the Interactive Annual Report
 
It is most necessary that you use new-generation web-browsers to surf through the Interactive Annual Report (Internet Explorer 9, Mozilla Firefox 3, Safari 4, Google Chrome 10, Opera 9 and newer, or free add-on for Internet Explorer 6, 7, 8 — Google Chrome Frame). Using older browsers (i.e. Internet Explorer 6, 7, 8) may lead to an incorrect display of the content (underloading of graphic components, incorrect text and graphics display), block some product features and lower it's functionality.
 
2.  Interactive Report Format
 
OAO Gazprom´s Interactive Annual Report 2010 is a company's new information product targeting to enhance our readers' analytical vision of performance in the reported period through specific data drill-down presentation — the Telescopic Text.
 
3. Notes to OAO Gazprom's Annual Report 2010
 
The term OAO Gazprom used in the Annual Report refers to the parent company of Gazprom Group,
i.e., to Open Joint Stock Company Gazprom. Gazprom Group, the Group or Gazprom imply OAO Gazprom
and its subsidiaries taken as a whole. Similarly, the Gazprom Neft Group and Gazprom Neft refer
to OAO Gazprom Neft and its subsidiaries, Gazprom energoholding refers to OOO Gazprom energoholding and its subsidiaries.

The Annual Report also contains information related to Gazprom Group’s business activities in the future, based on the forecast and estimates of Gazprom’s management derived from the current situation. Actual results may differ from the said forecast and estimates, due to the effect of various objective factors.

In the report, a number of Gazprom’s operating and financial results are stated in compliance with the principles for preparing Gazprom Group’s consolidated accounting (financial) statements in accordance with the Russian legislation (consolidated financial statements of Gazprom Group). At the same time, some results of OAO Gazprom and its subsidiaries are stated in compliance with the principles for preparing management accounting. Figures calculated using these methods may differ due to differences in methodologies for preparing consolidated financial statements and management accounting.
 
Interactive version of OAO Gazprom's Annual Report contains data from Fact book "Gazprom in Figures 2006-2010" published on OAO Gazprom's official web-site.
 
Fact book "Gazprom in Figures 2006-2010" is an informational and statistical edition, prepared
for OAO Gazprom annual General shareholders meeting 2011. The Fact book is prepared on the basis
of corporate reports of OAO Gazprom, as well as on the basis of Russian and foreign sources of publicly disclosed information.
 
 
Addresses and contacts
Full name
Open Joint Stock Company Gazprom

Abbrevated name
OAO Gazprom

Location
16 Nametkina St., Moscow, Russian Federation
Mail address: 16 Nametkina St., Moscow, GSP-7, 117997
Tel.: +7 (495) 719-30-01 (for references); Fax: +7 (495) 719-83-33

WEB site

E-mail
gazprom@gazprom.ru

Certificate of entry into the unified state register of legal entities
Issued by the Moscow Department of the Ministry of Taxes and Fees
of the Russian Federation on August 02, 2002;
№ 1027700070518

Indentification number of taxpayer (INN)
7736050003

Shareholders relations office
Borodina Olga Igorevna
Tel.: +7 (495) 719-49-86, 719-26-01. Fax: +7 (495) 719-39-37
E-mail: O.Borodina@adm.gazprom.ru

Investor relations office
Baranov Andrey Vitalyevich
Tel.: +7 (495) 719-25-89. Fax: +7 (495) 719-35-41
E-mail: A.Baranov@adm.gazprom.ru

Auditor to OAO Gazprom
ZAO PricewaterhouseCoopers Audit
Member of the non-commercial partnership “Russian Audit Chamber” (NP RAC), which is a self-regulatory organization of auditors – registration number 870 in the register of NP RAC members.
The main registration number in the register of auditors and audit organizations - 10201003683. 
Location and mail address: 10 Butyrsky Val, Moscow, Russia, 125047
Tel.: +7 (495) 967-60-00. Fax: +7 (495) 967-60-01

Registrar
Closed joint stock company Specialized registrar – Holder of gas industry shareholders register (ZAO SR-DRAGA)
Location and mail address: 71/32 Novocheremushkinskaya St., Moscow, 117420, Russian Federation
Tel.: +7 (495) 719-39-29. Fax: +7 (495) 719-45-85
Gazprom Group’s Results

Gas production 508.6 bcm
(+ 10.2 %)
Oil and gas condensate refining 50.2 million tons
(+ 13.3 %)
Net profit RR 775,933 million (+ 22.4 %)
Capital expenditures RR 883,310 million (+ 39.1 %)
Increase in hydrocarbon reserves
due to the geologic exploration, million tce
Hydrocarbons production,
million tce
Sales, RR billion
Net profit, RR billion
Operating Results
  2008 2009 2010 Change
2010/2009
Gas production, bcm 549.7 461.5 508.6 10.2 %
Condensate production, million tons 10.9 10.1 11.3 11.9 %
Crude oil production, million tons 32.0 31.6 32.0 1.3 %
Natural and associated gas refining, bcm 38.4 30.4 33.6 10.5 %
Oil and gas condensate refining, million tons 40.1 44.3 50.2 13.3 %
Sales of gas in Russia, bcm 287.0 262.6 262.1 -0.2 %
Sales of gas in Far Abroad countries, bcm 167.6 148.3 148.1 -0.1 %
Sales of gas in the FSU countries, bcm 96.5 67.7 70.2 3.7 %
Financial Results
  2008 2009* 2010 Change
2010/2009
Sales, RR million 3,384,730 3,118,462 3,661,699 17.4 %
Profit from sales, RR million 1,257,493 844,499 1,166,353 38.1 %
Net profit, RR million 505,920 634,119 775,933 22.4 %
Capital expenditures, RR million 674,113 634,976 883,310 39.1 %
* Figures for 2009 may differ from the respective figures in the Annual Report for 2009 due to the restatement of comparable data in the 2010 financial statements.
OAO Gazprom’s Results

Net sales RR 2,879,390 million
(+ 15.8 %)
Profit from sales RR 822,357 million
(+ 48.6 %)
Dividends per share
(recommended)		 RR 3,85
(+ 61.1 %)
Average market capitalization U.S. $ 131.7 billion
(+ 13.0 %)
Net profit, RR million
 
Comment on Net Profit change
Dividends per share, RR
Financial results
  2008 2009* 2010 Change
2010/2009
Net sales of goods, products, work, and services (net of VAT, excise taxes and other similar payments), million RR 2,507,010 2,486,941 2,879,390 15.8 %
Profit from sales, RR million 895,626 553,269 822,357 48.6 %
Net profit, RR million 173,022 624 613 364,577
-41.6 %
Net assets**, RR million 4,782,599 5,881,094 6,189,150 5.2 %
Net assets per share, RR 202 248 261 5.2 %
Earnings per share, RR 7.31 26.38 15.40 -41.6 %
Dividends per share***, RR 0.36 2.39 3.85 61.1 %
 *
 
**
 
 
***
Figures for 2009 may differ from the respective figures in the Annual Report for 2009 due to the restatement of comparable data in the 2010 financial statements.
Net assets in the column “2009” are shown based on the data in the column “At beginning of reporting year”, while those in the column “2010” are shown based on the data in the column “At end of reporting year” in OAO Gazprom’s balance sheet as of December 31, 2010.
It is recommended that the dividends payable in 2011 based on operating results in 2010 should amount to 91,143.0 million.
Credit ratings
Rating agency Long-term credit rating
as of 31.12.2010		 Rating / outlook change / affirmation  in 2010 Date of the last rating change / affirmation 
Standard & Poor’s «ВВВ» (outlook: stable) Outlook for long-term credit rating of OAO “Gazprom” raised from “negative” to “stable” 18.08.2010
Fitch Ratings «ВВВ» (outlook: stable) Outlook for long-term credit rating of OAO “Gazprom” raised from “negative” to “stable” 22.01.2010
Moody’s «Baa1» (outlook: stable) — 03.04.2009
 
Financial ratios and market indicators
  2008* 2009** 2010
Return ratios***      
Return on equity, %
 3.62 10.62
5.89
Return on assets, %
 2.80 8.40
4.66
Return on sales, % 35.72 22.25 28.56
Liquidity ratios***      
Current liquidity ratio 2.73 2.59 2.60
Quick ratio 2.26 2.05 2.17
Financial stability ratios      
Equity/assets ratio***, % 77.52 79.12 79.06
Debt to capital ratio, % 21.50 18.41 16.04
Market indicators      
P/E ratio**** (domestic OAO Gazprom’s share market) 14.861 6.95 12.57
Average market capitalization, U.S.$ billion ***** 241.1 116.5 131.7
 *
 
**
 
***
 
****
*****
 
Figures for 2008 may differ from the respective figures in the Annual Report for 2008 due to the restatement of comparable data in the 2009 financial statements
Figures for 2009 may differ from the respective figures in the Annual Report for 2009 due to the restatement of comparable data in the 2010 financial statements.
Calculated in accordance with the Regulation on Information Disclosure by Securities Issuers, approved by the order of the Russian Federal Financial Market Service № 06-117/pz-n dated October 10, 2006.
Price at the MICEX as of the end of the year.
Calculated as the average annual close price of shares at MICEX at the average annual exchange rate of the Central Bank of Russia, multiplied by the total number of OAO Gazprom’s shares issued.
 
Address by the Chairman of the Board of Directors
and Chairman of the Management Committee
to the Shareholders of OAO Gazprom
Dear shareholders!
 
The most noticeable characteristic of 2010 was surely the strong recovery of the world economy after the global crisis, which brought with it a concomitant increase in natural gas consumption. Fortunately, Gazprom had envisaged such developments. It is now apparent that previous forecasts of increased natural gas demand will undoubtedly come true. As a result, the company worked hard over the past year to meet the new demands of the market. Gazprom further developed its resource and production base and gas transportation infrastructure as well as diversified the regions of production and variety of products on offer. Innovative technology and practices were key to the company’s success.

In natural gas production, the Yamal Peninsula remained the focus of our efforts to implement advanced technologies and solutions in 2010. Production wells at the Bovanenkovskoye field were constructed using heat-insulated pipes that prevent permafrost thawing during the development of subsoil resources and production of natural gas. For the project, Gazprom used state-of-the-art drilling rigs produced domestically. Last year, 67 gas-producing wells were drilled at the Bovanenkovskoye field.

Gazprom’s attention was also focused on developing conventional projects on the continental shelf. The Kirinskoye field was developing as a part of the Sakhalin-3 project and an order was placed to construct an underwater production complex, which will make it the first natural gas production site using offshore technologies in the country. This is a substantial breakthrough for Russia’s efforts to develop the continental shelf.

In term of gas transportation, the commissioning of the trunk gas pipeline from Sobolevo to Petropavlovsk-Kamchatsky was a significant achievement in 2010. Reliable natural gas supplies to the capital of the Kamchatsky territory has been made possible by technological advances used in the construction of the gas pipeline, particularly those ensuring its seismic stability.

In line with company goals to diversify gas transportation routes, Gazprom launched the construction of the unique Portovaya compressor station in 2010, which is unparalleled in terms of its technical characteristics and will ensure natural gas transportation through the Nord Stream gas pipeline. The first line of this pipeline – the world’s longest underwater trunk gas pipeline – has been laid.

Gazprom’s work to diversify gas resource base wrote a new page in the history of the country’s gas industry development in 2010, as the company launched Russia’s first coal gas production at the Taldinskoye field within the project “Methane of Kuzbass”. Gazprom has also managed to diversify the range of its products as well: Russia’s first LNG production plant was brought to design capacity in autumn 2010.

Technological advances are an integral part not only of Gazprom’s gas business development, but also of its oil and electric power business development. Last year, Gazprom Neft prepared to launch its E-field project – a  smart system for managing the development of subsoil resources. The project will make it possible to increase oil field profitability and extraction ratios significantly. Based on the number of innovative projects in electric power and heat production, Gazprom energoholding, which manages the Group’s generating assets in Russia, is Russia’s most forward-looking company. These projects will minimize the use of energy resources while simultaneously increasing production.

We have laid a solid foundation to implement advanced technologies and technical solutions further: the company intends to adopt OAO Gazprom’s innovative development program this year. It will define all the technical, economic, financial and organizational measures necessary to meet the company’s requirements for state-of-the-art equipment, machinery and technologies.

By actively developing all of Gazprom’s business areas and finding advanced technical solutions, the company is ensuring its long-term competitiveness and guaranteeing its successful implementation of the strategy of the world’s energy leader as well as maximizing Gazprom’s value and shareholders’ income.
 
 
Chairman of the Board of Directors Viktor Zubkov
Chairman of the Management Committee Alexey Miller
Development of Hydrocarbon Resources at the Yamal Peninsula
  • Constructed about 60 % of the first line of the Bovanenkovo–Ukhta new-generation GTS within the Yamal megaproject and opened the Obskaya–Bovanenkovo railroad for regular railway communication at its track between the stations of Bovanenkovo and Karskaya in February 2011.
Detailed information is presented in the
“Exploration and Production”
  and
“Gas transportation, Storage
and Distribution”
 sections
Implementation of the Nord Stream Project
  • Started construction of the first line of a gas pipeline under Baltic Sea.
Detailed information is presented in the
“Gas transportation, Storage and Distribution”
 section.
Work within the South Stream Project
  • Croatia and Austria joined the list of countries that support construction of the gas pipeline at the governmental level.
  • Outlined specific steps for EDF’s (France) entering the project to construct an offshore part of the gas transportation system.
  • Finalized a feasibility study for the underwater part of the South Stream gas pipeline and began the preparation of a Consolidated Feasibility Study for the project that covers both the underwater and surface parts of the gas pipeline.
  • Registered joint project companies as established by OAO Gazprom, Hungarian Development Bank Ltd., the Greek Company DESFA, and Bulgarian Energy Holding EAD on a parity basis.
Detailed information is presented in the
“Gas transportation, Storage and Distribution”
 section
     
 
Gas Industry Development in the Russian East
  • Discovered two new natural gas fields in the Russian East: the Yuzhno-Kirinskoye gas condensate field and the Abakanskoye gas field.
  • Commissioned a gas pipeline between Sobolevo and Petropavlovsk-Kamchatsky.
  • Welded over 80 % of length for the first launch complex of the Sakhalin–Khabarovsk–Vladivostok GTS.
  • Brought to design capacity an LNG production plant constructed within the Sakhalin-2 project.
Detailed information is presented in the
“Exploration and Production”
,
“Gas transportation, Storage and Distribution”
 , and
“Marketing”
 sections
     
Development of Cooperation with Asian and Pacific Region Countries
  • Signed expanded major terms and conditions for natural gas supply from Russia to China.
  • Completed joint investigation with KOGAZ (Korea) of a project to supply natural gas from Russia to the Republic of Korea.
Detailed information is presented in the
“Gas transportation, Storage and Distribution”

and
“Marketing”
 sections
Expansion of the Presence in the International Market
  • Algeria: discovered oil and gas reserves within the El Assel licensed area in Berkine Basin.
  • Uzbekistan: drilled a second exploration well at the Dzhel area (Ustyurt plateau in Uzbekistan) yielded commercial volumes of natural gas.
  • Bolivia: signed an agreement with Total to reassign shares in the project for geological exploration at Ipati and Aquio blocks.
Detailed information is presented in the
“Exploration and Production”
 section
     
Implementation of Socially Important Projects
  • Continued gasification in the Russian regions with a record-high amount of RR25.6 billion allocated for its implementation.
  • Continued construction of energy supply facilities for winter Olympics 2014: installed the first turbine at the Adlerskaya Thermal Power Plant and constructed the underwater part of the Dzhubga–Lazarevskoye–Sochi gas pipeline.
Detailed information is presented in the
“Gas transportation, Storage and Distribution”

and
“Electric Power”
 sections
Implementation of Innovation Projects to Produce Gas from Coal Beds
  • Launched Russia’s first operation to produce methane from coal beds at Taldinskoye field in Kemerovo region.
  • Started negotiating issues with NAK Naftogaz Ukraine on establishment of a joint venture and produce methane from coal beds in Ukraine.
Detailed information is presented in the
“Exploration and Production”
 section
Development of Oil Business
  • Commissioned the largest European Izomalk-2 isomerization unit for light gasoline fractions at the Omsk Oil Refinery.
  • Signed production sharing agreements in Equatorial Guinea and signed a service contract for the development of Badra oil field in Iraq.
Detailed information is presented in the
“Exploration and Production”
 and
“Refining”
 sections
Development of Electric Power Business
  • Started considering the merger of Gazprom Group’s OAO OGK-2 and OAO OGK-6.
  • The Group’s generating companies committed 676 MW of new generating capacity.
  • Commissioned a second power generating unit as scheduled at the Kaliningradskaya Thermal Power Plant-2.
Detailed information is presented in the
“Electric Power”
 section
Innovative Development
 
Development of innovations and advancement
of the company’s technological level are top-priority
areas in Gazprom's operations.
 
R&D work carried in 2010:
RR 7.0 billion
 
Gazprom is working on the Program of Innovative Development for the period until 2020.
Innovative activity
and advancement
of the technological level
Innovative Projects in Core Operations
Gazprom is actively involved in innovation across the operations scope:
  • field exploration;
  • field development and production;
  • gas transportation and storage;
  • processing hydrocarbons and producing oil and gas products;
  • electric power.
Organization of Innovative Activities
Gazprom is dedicated to improve the organization of innovative operations, effectively managing its intellectual property and developing the venture activities in the innovations field.
Implementation of Innovations
All innovative solutions are designed to be implemented on active or pending facilities.

A standards and certification framework and a quality management system is in place.

Joint researches and developments with Russia’s leading research centers are under way; international cooperation in innovations is prolific.
 
International Cooperation
Mutually beneficial cooperation in the innovations field is an integral part of OAO Gazprom’s international cooperation.
 
Long-Term Planning of Innovative Activities
Gazprom is working on the Program of Innovative Development for the Period until 2020.

The Program involves innovations in all areas of Gazprom’s operations.
Board of Directors
 
Information about members of OAO Gazprom’s
Board of Directors as of December 31, 2010
Viktor Alekseevich Zubkov
Chairman of the Board of Directors, 
First Deputy Prime Minister of the Russian Federation
 
Alexey Borisovich Miller
Deputy Chairman of the Board of Directors,
Chairman of OAO Gazprom’s Management Committee
 
Alexander Georgievich Ananenkov
Deputy Chairman
of OAO Gazprom’s Management Committee
 
Burckhard Bergmann
 
 
 
Farit Rafikovich Gazizullin
 
 
 
Elena Evgenyevna Karpel
Head of Economics and Appraisal Department
of OAO Gazprom
 
Valery Abramovich Musin
Head of the Civil Procedure Department
of the Faculty of Law, St. Petersburg State University
 
Elvira Sakhipzadovna Nabiullina
Minister of Economic Development
of the Russian Federation
 
Mikhail Leonidovich Sereda
Deputy Chairman of OAO Gazprom’s Management
Committee - Head of the Administration
of OAO Gazprom’s Management Committee
Sergey Ivanovich Shmatko
Energy Minister of the Russian Federation
 
 
Igor Khanukovich Yusufov
 
 
 
Board of Directors’ Report 
on OAO Gazprom’s Development 
in Priority Areas of Operation
 
In 2010,
OAO Gazprom’s Board of Directors held 104 meetings
 (12 of them formal meetings and 92 of them absentee ballots) and resolved 175 issues concerning the company’s key areas of operation (47 resolutions were adopted at formal meetings and 128 resolutions were adopted through an absentee ballot).
OAO Gazprom’s Strategic Development
In the reporting year, the Board of Directors focused on the issues of OAO Gazprom’s comprehensive strategic development.

OAO Gazprom’s strategic area in replenishing the mineral resource base is to develop deposits located on the continental shelf.

The Board of Directors considered and took into account information about the two-stage process of making the final investment decision with regard to implementing the first phase of development of the Shtokmanovskoye field:
  • Q1 2011: making the final investment decision with regard to the launch complex for pipeline gas production;
  • Q4 2011: making the final investment decision with regard to the set of facilities for LNG production;
The Chairman of OAO Gazprom’s Management Committee was charged with continuing the work to prepare an investment decision with regard to implementing the project to develop the Shtokmanovskoye field with account taken of the market conditions for selling liquefied natural gas and natural gas directed into the Unified Gas Supply System (UGSS).

In order to raise funds, the Board of Directors approved OAO Gazprom’s transactions to acquire additional registered shares of Shtokman Development AG.

Also, in order to effectively develop fields located on the continental shelf, the Chairman of OAO Gazprom’s Management Committee was charged with organizing the work in OAO Gazprom, its subsidiaries and associated companies, to place high-priority orders – on a competitive basis – with companies operating in the national shipbuilding industry (including the projects to construct new shipbuilding facilities in Far East). These orders are to cover the following:
  • ships designed for hydrocarbon transportation;
  • ships and other floating facilities designed for hydrocarbon exploration and production on the continental shelf, as well as for hydrocarbon storage and refining;
  • support ships and floating facilities (with supply, gas pipeline construction and maintenance, towing, fire-fighting, environmental, and other support functions).
The Board of Directors also considered the following items:
  • implementation of the Program of gas industry’s mineral resource base development for the period until 2030;
  • development of fields in the Yamal Peninsula;
  • development of OAO Gazprom’s own production facilities for the period until 2015.
Special attention was paid to the comprehensive development of gas refining and gas chemical facilities in Eastern Siberia and Far East.

The Board of Directors approved the work to implement the Eastern Gas Program and charged the Chairman of OAO Gazprom’s Management Committee with the following:
  • organize further work to implement top-priority projects such as “Sakhalin–Khabarovsk–Vladivostok trunk gas pipeline and the construction of facilities to ensure the transfer of natural gas produced within the Sakhalin-1 and Sakhalin-2 projects into the Sakhalin–Khabarovsk–Vladivostok GTS” and “Natural gas supply to the Kamchatka region. The first stage, natural gas supply to the city of Petropavlovsk-Kamchatsky”;
  • further the acquisition of OAO Kamchatgazprom shares;
  • synchronize the commissioning of Kirinskoye gas condensate field (and construction of the relevant coast infrastructure) with the project to build the Sakhalin–Khabarovsk–Vladivostok trunk gas pipeline;
  • organize further geological exploration work at Kirinsky, Vostochno-Odoptinsky, and Ayashsky blocks on the shelf of Sakhalin, the Zapadno-Kamchatsky subsoil area, as well as in Krasnoyarsk Territory and Irkutsk region;
  • continue work to develop OAO Gazprom’s mineral resource base in the Republic of Sakha (Yakutia), which particularly implies preparing for the development of hydrocarbon reserves at Chayandinskoye field taking into account that the development of the oil rim is to begin in 2014, the development of the natural gas deposit is to begin in 2016, and the construction of the Yakutia–Khabarovsk–Vladivostok GTS is to begin in 2012;
  • facilitate the necessary pre-project and project work to establish gas chemical and gas refining facilities in the regions of Eastern Siberia and Far East (possibly in cooperation with foreign partners);
  • organize further work to develop the natural gas market in the Russian East;
  • conduct further work to develop the necessary support measures, which will allow for the effective development of fields in Eastern Siberia and Far East as well as an increase of competitiveness of natural gas and gas products.
Following the adoption of Federal Law No 261-FZ, “On energy savings and improving energy efficiency and on amendments to certain legislative acts of the Russian Federation” dated November 23, 2009, the Board of Directors considered information about the measures taken to introduce energy-saving technologies into OAO Gazprom’s processes and charged OAO Gazprom’s Management Committee with ensuring that energy-saving technologies and equipment are introduced into OAO Gazprom’s processes to decrease specific consumption of fuel and energy resources for the company’s own needs by at least 1.2 % per annum in the period until 2020.

The Board of Directors paid special attention to increasing operating reliability of OAO Gazprom’s GTS. The Board considered several issues of reliable natural gas supply to consumers including OAO Gazprom’s ability to cope with peak seasons in late 2010 and early 2011 and measures necessary to ensure long term reliable natural gas supply to consumers during the winter.

During the year, the Board of Directors controlled the implementation of the Gasification Program of the Russian regions.

Aiming at further consolidation of gas distribution assets, the Board of Directors agreed upon the acquisition by OOO Mezhregiongaz (OOO Gazprom mezhregiongaz since September 2010) of additional ordinary registered shares
of OAO Gazpromregiongaz for RR108.7 billion so that the company’s shareholding in OAO Gazpromregiongaz
will increase to 99.83 %.

In terms of foreign trade, in order to strengthen Gazprom Group’s positions in the global energy market, to diversify its export routes and sales markets, as well as to ensure safe and reliable supply of natural gas in accordance with OAO Gazprom’s Strategy in the field of LNG production and supply, the Board of Directors charged the Chairman of the Management Committee with further work in the following areas:
  • strengthen OAO Gazprom’s positions in the export of Russian natural gas to the European and other foreign markets through taking measures needed to enhance the company’s competitive position in the existing market environment while keeping its current market share;
  • enter new markets within the geographic diversification of supply and particularly arranging for the export of pipeline gas to the Asian and Pacific Region countries;
  • enhance the share of LNG in the exports of Russian natural gas;
  • ensure timely implementation of the Shtokmanovskoye field development project (with the launch of LNG production by 2017), expand gas liquefaction facilities in Far East (with the possibility to launch production no later than in 2017) as well as select promising foreign LNG projects to participate in and/or acquire the rights to sell the products.
The Board of Directors considered information about the status of work in the field of insuring UGSS facilities and insurance protection of OAO Gazprom’s interests when exporting its natural gas and charged
OAO Gazprom’s executive bodies with further activities in the field of insurance (based on the principles of optimizing insurance protection and taking proactive actions when organizing insurance protection of export supply of natural gas); as well as with preparing an internal OAO Gazprom’s document regulating the procedure for organizing insurance protection when implementing the projects related to the export of natural gas.

In order to strengthen corporate control over the subsidiaries and associated companies, in the reporting year the Board of Directors considered implementation of investment programs by OAO Gazprom’s major subsidiaries (OAO Gazprom Neft; energy companies (OAO Mosenergo, OAO TGK-1, OAO OGK-2,
and OAO OGK-6); and Sakhalin Energy Investment Company Ltd. (Sakhalin Energy)). Based on the analysis of this work, the Chairman of OAO Gazprom’s Management Committee was charged with continuing the work with the Ministry of Energy of the Russian Federation to optimize investment programs (liabilities)
of OAO Gazprom’s major assets (generating companies) in the energy sector, particularly to adjust schedules and scope of commissioning new generating facilities and to transfer certain investment projects into the regions with high energy consumption potential.

In order to diversify OAO Gazprom’s activities in natural gas production, the Board of Directors – considering changes in this area – discussed OAO Gazprom’s strategy of using methane gases contained in coal beds and the prospective development of the shale gas industry.

In the reporting year, the Board of Directors coordinated and approved a number of transactions to consolidate the core assets (including OAO Daltransgaz, OAO Kamchatgazprom, OOO Russkie Energeticheskie Proekty (OOO Gazprom investproekt since July 2010), and OOO Gazpromviet).
Financial, Economic, and Investment Activities
Major parameters of OAO Gazprom’s operations for 2010 are outlined in OAO Gazprom’s budget (financial plan), Investment program, and program for optimizing (decreasing) costs for 2010, which were approved by the Board of Directors in November 2009.
 
  • The implementation of OAO Gazprom’s investment program for 2010
 
The Board of Directors paid close attention to the company’s current financial status.
 
The Board of Directors approved OAO Gazprom’s marketing policy in the setting of global financial and economic crisis and charged OAO Gazprom’s executive bodies with the following:
  • continue work aimed at maintaining the share of Russian natural gas consumption by foreign countries at the existing level through implementing a set of measures to increase its competitiveness, using the changes in the natural gas market, as well as entering new pipeline gas and liquefied natural gas markets;
  • continue implementation of measures aimed at increasing the total domestic sales of natural gas in spite of the growing competition with independent producers and improving payment discipline with regard to payment for supplied natural gas.
  • Improving performance as the world economy recovers
 
The Board of Directors considered a prospect of applying market-based pricing principles for natural gas supplied to the domestic market starting from 2011, and approved OAO Gazprom’s suggestions concerning the terms and conditions as well as the procedure for transition to using the pricing formula for natural gas since January 1, 2011. It charged the Chairman of OAO Gazprom’s Management Committee with preparing and submitting to the Government of the Russian Federation a draft regulation to ensure the transition to using the pricing formula for natural gas since January 1, 2011.
 
The Board of Directors also considered the status and size of OAO Gazprom’s loan portfolio, the amount and conditions of guarantees granted by OAO Gazprom, as well as its strategy for using sources of borrowed funds.
 
In order to decrease costs for the purchase of materials and technical resources for OAO Gazprom’s needs, the Board of Directors approved the Regulation on the purchase of goods, works, and services by Gazprom Group. The said Regulation covers the relationships within Gazprom Group’s procurement activities and particularly establishes unified rules and procedures for the purchase of goods, works, and services in order to ensure that Gazprom Group’s needs for goods, work, and services with the required price, quality, and reliability parameters are met on time and in full.
 
Significant attention was paid to OAO Gazprom’s research work. The Board of Directors considered the following issues:
  • increase expenditure on research work and technology upgrade and set up institutions which would provide sustainable long-term funding to develop state-of-the-art technologies, equipment, and instruments and to sell them on a commercial basis;
  • ensure OAO Gazprom’s participation in the development and operation of technological platforms, forecast scientific and technical development, upgrade and optimize technologies in use and place orders for innovation research (possibly engaging small- and medium-sized businesses), as well as identify those responsible for the implementation of the above directions and optimize the structure for managing innovation development;
  • report on the efficiency assessment of OAO Gazprom’s and its subsidiaries’ shareholdings in the companies of scientific and engineering sectors.
In its meetings the Board of Directors considered information about the work carried out to improve performance of a number of subsidiaries and to optimize (decrease) their costs (including OAO Gazprom Neft, OOO Gazprom Dobycha Yamburg, OOO Mezhregiongaz (OOO Gazprom mezhregiongaz as of September 2010), ZAO Yamalgazinvest, and OOO Gazprom Dobycha Nadym).
Improving Management Efficiency
The Board of Directors considered the issue of managing property of OAO Gazprom and its subsidiaries and other assets and ensuring corporate control over the transactions.
 
In order to implement the Strategy for managing OAO Gazprom’s property and other assets, the Board of Directors approved the Program for the sale of non-core assets of OAO Gazprom’s subsidiaries in the period from 2011 through 2013 for a total of RR5.8 billion.
 
  • Sale of non-core assets
 
In order to provide organizational support to OAO Gazprom’s strategy in the field of natural gas sales, resolutions were adopted to coordinate OAO Gazprom’s participation in Non-Commercial Partnership “United Business Cooperation Center of Shanghai Cooperation Organization” and to open OAO Gazprom’s representative office in Qatar.
Management Committee
 
Information about members of OAO Gazprom’s
Management Committee as of December 31, 2010
 
Changes in the Management Committee’s
composition in 2010
Alexey Borisovich Miller
Chairman of the Management Committee,
Deputy Chairman of the Board of Directors
 
 
Alexander Georgievich Ananenkov
Deputy Chairman
of OAO Gazprom’s Management Committee
 
 
Elena Alexandrovna Vasilieva
Deputy Chairwoman of the Management Committee -
Chief Accountant of OAO Gazprom
 
 
Valeriy Alexandrovich Golubev
Deputy Chairman
of OAO Gazprom’s Management Committee
 
 
Alexander Nikolaevich Kozlov
Deputy Chairman
of OAO Gazprom’s Management Committee
 
 
Andrey Vyacheslavovich Kruglov
Deputy Chairman of the Management Committee,
Head of the Department for Finance
and Economics of OAO Gazprom
 
Alexander Ivanovich Medvedev
Deputy Chairman of OAO Gazprom’s Management
Committee, General Director of OOO Gazprom Export
 
 
Sergey Fyodorovich Khomyakov
Deputy Chairman of OAO Gazprom’s Management
Committee, General Director of the subsidiary
of OAO Gazprom’s Corporate Protection Service
in Moscow
Oleg Evgenyevich Aksyutin
Head of OAO Gazprom’s Department for Gas
Transportation, Underground Storage and Utilization
 
 
Yaroslav Yaroslavovich Golko
Head of OAO Gazprom’s Investment
and Construction Department 
 
 
Nikolai Nikolaevich Dubik
Head of OAO Gazprom’s Legal Department
 
 
 
Viktor Vasilyevich Ilyushin
Head of OAO Gazprom’s Department
for Relations with Authorities
of the Russian Federation
 
Olga Petrovna Pavlova
Head of OAO Gazprom’s Department
for Property Management and Corporate Relations 
 
 
Vlada Vilorikovna Rusakova
Head of OAO Gazprom’s Strategic Development
Department 
 
 
Kirill Gennadyevich Seleznev
Head of OAO Gazprom’s Department for Marketing
and Processing of Gas and Liquid Hydrocarbons,
General Director of OOO Gazprom mezhregiongaz
 
Igor Yuryevich Fedorov
General Director of OOO Gazprom Komplektatsiya
 
 
 
Vsevolod Vladimirovich Cherepanov
Head of OAO Gazprom’s Gas, Gas Condensate
and Oil Production Department
 
 
Changes in the Management Committee’s
Composition in 2010
Members of the Management Committee who were elected
in 2010:
 
Vsevolod Vladimirovich Cherepanov
Head of OAO Gazprom’s Gas, Gas Condensate and Oil Production Department
(Elected by the resolution № 1557 of the Board of Directors dated March 30, 2010)

Members of the Management Committee whose powers
were terminated in 2010:

Vasiliy Grigoryevich Podyuk
Head of OAO Gazprom’s Gas, Gas Condensate and Oil Production Department
(Powers as Member of the Management Committee terminated by the resolution № 1556 of the Board of Directors dated March 30, 2010)
Compensation to the Members
of the Board of Directors,
the Members of the Management 
Committee and the Chairman
of the Management Committee
of OAO Gazprom
 
The total short-term compensation
(including salaries, bonuses, and compensation
for participating in OAO Gazprom’s control bodies)
amounted to RR1,243,354,000 in 2010.
Compensation to the Members of the Board of Directors, the Members
of the Management Committee and the Chairman of the Management Committee
of OAO Gazprom
The total short-term compensation paid by OAO Gazprom to the members of the Board of Directors, members of the Management Committee and the Chairman of the Management Committee (including salaries, bonuses, and compensation for participating in OAO Gazprom’s control bodies) amounted to RR1,243,354,000 in 2010. This amount is inclusive of individual income tax and insurance premiums. The members of the Board
of Directors who hold public positions or positions in public civil service do not get any compensation from
OAO Gazprom. The compensation paid to the members of the Board of Directors is approved by the Annual General Shareholders Meeting. The compensation paid to the Chairman of the Management Committee, the members of the Management Committee, and the members of the Board of Directors who are OAO Gazprom employees is stipulated in labor contracts and includes payment for health services.
 
In accordance with Russian legislation, OAO Gazprom transfers payments to the Pension Fund of the Russian Federation for its employees, including the Chairman of the Management Committee and members of the Management Committee, as well as the members of the Board of Directors who are OAO Gazprom employees.
 
OAO Gazprom also provides for the voluntary medical insurance to the Chairman of the Management Committee, members of the Management Committee, and members of the Board of Directors who are
OAO Gazprom employees. The total for insurance premiums related to voluntary medical insurance amounted to RR699,000 in 2010.
 
Liability Insurance 
of the Board Members
and the Management
Committee of OAO Gazprom
 
In order to provide Gazprom Group with insurance protection, the liability of the members of the Board of Directors and the Management Committee of OAO Gazprom has been insured since 2008, which
would reimburse shareholders, lenders, or other
persons against damages caused by unintended
negligent actions (failure to act).
Liability Insurance of the Board Members and the Management Committee
of OAO Gazprom
In order to provide Gazprom Group with insurance protection, the liability of the members of the Board
of Directors and the Management Committee of OAO Gazprom has been insured since 2008, which would reimburse shareholders, lenders, or other persons against damages caused by unintended negligent actions (failure to act) of the insured individuals when carrying out their managerial duties.
 
Having such an insurance contract is a practice accepted by large international companies that may face unforeseen expenses due to claims filed by third parties and litigations, which in their turn may impair
the company’s financial performance, business reputation and image.
 
This type of insurance is relevant for OAO Gazprom because there is a probability of claims against
OAO Gazprom or members of its Board of Directors and Management Committee in an environment characterized by the company’s increasing integration into the global economy and liberalization
of OAO Gazprom share market, as well as by changes to Russian and international law and corporate governance.
 
The contract provides with insurance protection covering the following risks:
  • claims filed by third parties against the members of the Board of Directors and the Management Committee of OAO Gazprom for the reimbursement of losses caused by unintended negligent actions of the insured individuals when carrying out their managerial duties;
  • claims filed by third parties against OAO Gazprom for the reimbursement of losses caused
    by unintended negligent actions of members of the Board of Directors and the Management Committee of OAO Gazprom when carrying out their managerial duties.
Insurance compensation under the contract to insure liability of the members of the Board of Directors and the Management Committee of OAO Gazprom complies with international standards in terms of the insured risk scope and reimbursement limits.
 
Based on the quotations of this risk determined by western re-insurers for OAO Gazprom,
the insurance premium under the contract signed in 2010 is U.S. $1.75 million whereas the insured
amount is U.S. $100 million.
 
Exploration and Production
 
 
Gazprom Group accounts for 18 % of the world's gas reserves and 15 % of its global production.
 
9 % of oil and gas condensate in Russia is produced by Gazprom.
 
The Company is developing 120 hydrocarbon fields throughout Russia and participating in exploration and production projects in 14 countries.
 
 
Gazprom Group’s Hydrocarbon Reserves
in
categories A+B+C1
according to the Russian standards
of classification
 are
  • 33.1 tcm of natural gas,
  • 3.0 billion tons of oil
    and gas condensate; 
in the category
"Proved and Probable"
in accordance with PRMS

(estimates by DeGolyer & MacNaughton):
  • 22.5 tcm of natural gas,
  • 1.9 billion tons of oil
    and gas condensate;
their value in 2010 amounted to

269.6 billion US dollars.
Operations in Russia
In 2010, Gazprom:
  • ensured enhanced recovery of the mineral resource base;
  • discovered three new hydrocarbon fields;
  • divested controlling shareholding
    in OOO SeverEnergia.
Increased production volume of hydrocarbons
: by 10.2 % in gas, 11.9 % in gas condensate and 1.3 % in oil production.
Developing Hydrocarbon Resources in Foreign Countries
Discovered hydrocarbon resources under the current contracts and agreements.

Signed agreements and reached arrangements in expanding Gazprom's participation in developing foreign resources.
Implementing Hydrocarbons Production Projects
Gazprom Group's strategy for developing its resource base is aimed at maintaining parity between the increase in hydrocarbons reserves and production and ensuring the enhanced recovery of reserves later on.
Gas Transportation, Storage
and Distribution
 
 
Gazprom owns the world's largest gas transportation system accounting for 161.7 km of highly developed underground storage infrastructure.
 
In 2010, the gas pipelines within Gazprom's UGSS received 661.2 bcm of natural gas.
 
Every year, over 1,000 km of trunk pipelines and pipeline branches are commissioned as part of the company’s gas transportation projects.
 
One of Gazprom’s major and socially significant projects is developing nationwide gas supply network.
Gas Transportation Assets
OAO Gazprom's major gas transportation assets are part of the
Unified Gas Supply System
 (UGSS).

GTS of UGSS
 is the Group's main asset on the balance: the net book value of the trunk pipelines accounts for about 50 % of the total net book value of Gazprom's fixed assets.
Gas Transportation System Operation
In 2010 UGSS functioned without any disturbances, continuously supplying natural gas to Russian consumers and transporting natural gas abroad.

The volume of natural gas received and distributed by Gazprom's GTS in Russia increased by 12 %.

Gas transportation services were rendered to 23 companies outside of Gazprom Group.

The rate charged for gas transportation services rendered to independent organizations was raised by 12.3 %, with an average annual growth of 22.9 % compared to 2009.
Ensuring Reliable and Safe Gas Transportation
Gazprom implements advanced diagnostic methodologies and capital repairs of GTS facilities according to principles of  integrity and technical statute management of GTS.

In 2010, the
diagnostic survey
 was carried out for 43.4 thousand km of gas pipelines (26.1 % more than in 2009);
capital repairs
 were conducted for 2,427.4 gas pipelines (1.8 % more than in 2009). The number of technical failures of Gazprom's GTS decreased to seven.
Gas Transportation System Development
Implementation of gas transportation projects in Russia in 2010 resulted in the commissioning of the following:

  • 1,338.6 km of trunk pipelines and pipeline branches;
  • A 64 MW linear compressor station.
Group's capital investment into gas transportation increased by 75.9 % compared to 2009 to reach RR407.6 billion in 2010.
Underground Gas Storage
Underground gas storage is a major instrument to level off seasonal fluctuations in gas consumptions and ensure reliable gas supply.

The aggregate active capacity of underground gas storage sites in Russia amounted to 65.4 bcm.

Group's underground gas storage capacity in Europe reached 2.5 bcm by the end of 2010.
Gas Distribution and Gasification
Gazprom Group's gas distribution subsidiaries and associated gas distribution organizations own and maintain over 80 % of gas facilities in Russia.

The amount of funds allocated for gasification of Russian regions reached its record-high level of RR25.6 billion in 2010.

Facilitation of autonomous and comprehensive gasification allows optimizing Gazprom's work related to gasification of Russian regions.
Refining
 
 
Gazprom Group’s hydrocarbons refining capacities
amount to 50 % of total in terms of gas refining volumes
and 14 % of total in terms of oil refining volumes in Russia.
 
Gazprom increased quantities of refined hydrocarbon
raw materials and products in 2010.
 
Commissioned two new units at the Omsk Oil Refinery
and the Zapolyarnoye-Urengoy condensate pipeline.
 
 
Gazprom Group's Hydrocarbons Refining Capacities
Gazprom Group's hydrocarbon refining capacities amount to 52.5 bcm of natural gas and 75.4 million tons of oil and gas condensate (including Gazprom Neft Group's capacities of 46.6 million tons of oil).
Refined hydrocarbon raw materials and products
In 2010, gas refining increased by 10.5 % and the refining of oil and gas condensate grew by 13.3 %.
 
Subsequently,
the volumes of refining products increased
: by 8.3 % of the dry gas, by 10.7 % of the liquefied hydrocarbon gases, and by 12.5 % of the 
oil products
.
Investment Projects
Gazprom Group's capital investment into refining reached RR70.7 billion in 2010, an increase of 60 % against 2009.

Implemented projects of reconstruction, upgrade and construction of new facilities in gas and oil refining.
Efficient Utilization of Associated Petroleum Gas
The level of APG utilization by the Gazprom Group is 64.1 %.
Strategy for Developing Gas and Oil Refining
The Group's major goal in developing gas refining and gas chemistry is to improve the recovery of valuable components from natural gas and APG and their effective use for further refining into high added value products; it is also planned to build new gas refining and gas chemical facilities, including those in Eastern Siberia and Far East.

The Company's strategic goals in oil refining in Russia are to produce products meeting the technical regulation requirements (Class 4 and Class 5 products), to improve the depth of oil refining up to 90 %, and to bring the output of light oil refined products to 77 %.
Electric Power
 
 
Gazprom's electric power business is the largest in Russia.
 
The 
aggregate installed capacity
 of the Group's major
generating companies in Russia amounts to 36 GW
(17 % of the Russian electric power system).
The Group's development strategy for the period
up to 2020 envisages increasing its generating
capacity to 44.8 GW.
 
In 2010, the Group generated 175.1 billion kWh
of electric power and 106.9 million Gcal of heat.
 
 
Electric and Thermal Power Production and Sales
In 2010, the Group generated 175.1 billion kWh of electric power, which is a 26.4 % increase against 2009.

In 2010, the Group generated 106.9 million Gcal of heat, which was 45.6 % more than in 2009.
Investment Projects
Gazprom Group is the largest investor in the Russian electric power industry. Since entering the Russian electric power industry in 2007, Gazprom commissioned 1.9 GW of new capacity.

In 2010, Gazprom accounted for 21 % of the total new capacity commissioned in Russia.
Development Strategy
The Group’s development strategy for the period up to 2020 envisages increasing operational efficiency of the generating assets and increase of their capitalisation, as well as increasing its generating capacity to 44.8 GW.
Marketing
 
 
Gazprom is the main natural gas supplier in the Russian and FSU markets, the largest natural gas supplier on the European market. The Group, also being a major player of international oil trade, had increased refined products sales.
 
Compared to 2009, sales volumes of natural gas in 2010 increased
by 1.8 bcm and those of refined products by 7.9 million tons.
 
Active work was carried out to raise competitiveness of Russian natural gas in the European market.
 
The network of gasoline stations continued to expand.
 
 
Dynamics and Major Trends in the Development of the World Natural Gas Markets
In 2010, natural gas consumption in Russia grew by 6.5 %.

If the current growth rates persist, natural gas consumption in Russia is expected to recover by late 2011.

Active growth is observed in natural gas consumption in Asian Countries, in Middle East, and in Northern Africa.
Russian Natural Gas Market
Gazprom is the largest natural gas supplier in the Russian market. Gazprom's market share is more than 70 %.

The total volume of natural gas sold by Gazprom Group to consumers in Russia in 2010 amounted to 262.1 bcm, and natural gas sales (net of VAT and excise tax) reached RR614.7 billion.
Natural Gas Markets in Far Abroad Countries
Total
natural gas sales volume
 of the Group in Far Abroad countries amounted to 148.1 bcm, while the natural gas sales in Far Abroad countries (net of excise tax and customs duties) reached RR1,099.2 billion.

European natural gas market is the 
main export market of Gazprom
.

The most promising far abroad markets include the LNG and natural gas markets of North-East Asian countries.
Promising Natural Gas Markets
Gazprom Group's marketing strategy envisages diversification of export revenue sources through expanding its presence in the promising natural gas markets. In particular, the priorities are to increase LNG volumes in the Group's export portfolio and to enter the Chinese pipeline gas market as part of geographic diversification.
Natural Gas Market in the Former Soviet Union Countries
Gazprom is the major
natural gas supplier to most of the FSU countries
.

In 2010 natural gas sales in the FSU countries grew by 3.7 % against 2009, reaching 10.2 bcm.

Natural gas sales in the region (net of VAT, excise tax, and customs duties) amounted to RR450.1 billion, which is 21.3 % more than in 2009; this results from the 
increase in sales volumes and average sales price
.
Oil and Oil Products Markets
Total sales of oil and stable gas condensate amounted to 29.1 million tons (consistent with the previous year’s level).

Total sales of oil and gas refining products were 52.1 million tons (a 17.9 % increase against 2009).
Environmental Measures
 
Gazprom places priority on environmental safety issues
when carrying out its key projects.
 
Successful implementation of international standards
in the field of environmental management, a high level
of compliance with the Russian and international
legislation, and an increase in the environmental
investments underlie the Group’s conscientious
approach to environmental protection.
Environmental Management System
The integrated environmental management system is used in OAO Gazprom and 29 subsidiaries (gas exploration, gas production, gas transportation, gas storage, and gas refining subsidiaries). OAO Gazprom’s Coordinating Committee for Environmental Protection and Energy Efficiency carries out a comprehensive review of the subsidiaries’ environmental policies.

Environmental Inspectorate was established at a corporate level to review project materials as part of the environment protection initiative.

Gazprom's subsidiaries perform internal environmental audits, specialists training (in 2010 environmental management system program was educated to 1,407 specialists), certification as compliant with 
the ISO 14001 international standard is held.

     
Environmental Impact Indicators
In 2010:
  • hazardous atmospheric emissions decreased by 4.9 %;
  • total fines related to ecological violations decreased by 10 %;
  • total environmental costs: RR 20,511.8 million
Corporate Climate Policy
OAO Gazprom’s corporate climate policy envisages taking all possible measures to preserve the Earth’s climate.

Its main components are:
  • participation in international organizations;
  • development of regulatory documents in accordance with international agreements;
  • disclosure;
  • carrying out research with regard to greenhouse gas emissions;
  • efficient utilization of APG.
Industrial and Labor Safety
 
Improvement of OAO Gazprom’s Unified system
for managing labor and industrial safety, allows ensuring
a high level of employees’ labor safety.
Policy for Labor and Industrial Safety
As of December 31, 2010, OAO Gazprom’s policy for labor and industrial safety covered 91 subsidiaries employing a total of 303 thousand people.
Industrial and Labor Safety
In 2010 the number of
casualties
,
accidents, and incidents
 decreased.
Energy Saving
and Energy Efficiency
 
In order to improve its operations, Gazprom  pursues
a consistent policy of energy savings and raising
energy efficiency. This systematic work involves
medium- and long-term planning.
 
Fuel and resource savings amounted
to 2.7 million tce in 2010.
 
Energy Saving and Energy Efficiency
Fuel and resource savings are 29.8 million tce over the period from 2002 through 2010, including some 2.7 million tce in 2010.
Concept of Energy Savings and Improving Energy Efficiency
With the Russian economy taking an innovative course of development, the Concept of energy savings and improving energy efficiency in OAO Gazprom for the period from 2011 through 2020 was developed.

According to the Concept, the total feasible energy savings potential for the period up to 2020 is estimated at 28.2 million tce (including 22.5 bcm of natural gas).
Managing Human Capital
 
Company’s employees represent one of its major strategic resources lying in the heart of its competitiveness and adding to its success in accomplishing its goals.

Gazprom Group observes international labor standards.

Approaches used by Gazprom in the personnel training
and re-training make it possible to manage employees’
knowledge and to develop capacity to achieve
the goals of innovative development.
Personnel Structure and Professional Development
The average listed number of employees engaged in Gazprom Group’s companies was 400.6 thousand.

The number of employees working in Gazprom Group’s companies who received training in 2010 was 188.9 thousand.
Personnel Motivation System
OAO Gazprom developed and approved the Standard payroll and regulations.

In order to motivate top executives, a 
yearly bonus and shares rewarding system
 is put in place.
Social Security and Social Partnership System
Social security is provided to employees through benefits, guarantees, and compensations, medical services, treatment and aftercare in health resorts, and various types of personal insurance, establishing comfortable and safe labor environment and assisting in resolving housing problems; corporate pensions are being provided.
Social Projects
 
In its day-to-day practice Gazprom traditionally pays
special attention to implementing
social projects
,
charity, and sponsorship.
Supporting Children and Youth
Gazprom to Children is a key social project aimed at developing children’s and youth’s sport activities and creative work and promoting healthy lifestyles. It involves over 40 companies of the Group and covers 69 Russian regions.

So far the Group invested RR 10.9 billion into the project.

Construction and reconstruction of 659 sports facilities has been completed.
Supporting Culture and Art
With Gazprom’s support a number of arts-related events were under way: art events in State Tretyakov Gallery, State Russian Museum and Louvre; concerts featuring V. Spivakov, I. Moiseev’s ballet; a joint China—Russia arts festival; a book by V. Baranovsky was published.
 
Supporting Sports and Physical Education in Russia
Gazprom works in close cooperation with Russia’s sports federations to support championships and tournaments.
 
Supporting Russian Orthodox Church
Gazprom invests into building and reconstruction of churches and temples.
 
Supporting Russian education
Gazprom supports educational projects with Russia’s leading universities and colleges.
Share Capital
 
OAO Gazprom’s share capital
amounts to RR118,367,564,500.

The Russian Federation is OAO Gazprom’s largest
shareholder. Taking into account shares owned
by to OAO Rosneftegaz and OAO Rosgazifikatsiya,
the state controls a 50.002 %.
Share Capital
OAO Gazprom’s share capital amounts to RR118,367,564,500 divided into 23,673,512,900 ordinary registered shares with a par value of RR5 each. The total number of entities and individuals registered in the OAO Gazprom’s shareholders register as of the end of 2010 was 46,286, including 11 nominal holders.

  • Share capital structure
 
The share capital structure did not see any significant changes in 2010. The Russian Federation is OAO Gazprom’s largest shareholder. Taking into account shares owned by to OAO Rosneftegaz and OAO Rosgazifikatsiya, the state controls a 50.002 %

  • Interaction with Federal Executive Authorities
  • Entities Registered in the Shareholder Register as of December 31, 2010 with a Shareholding of More than 2 %
Share Market and Capitalization
 
In 2010 Gazprom’s shares displayed growth on MICEX
and an insignificant drop on LSE.

Market capitalization increased 4 % up
and amounted to U.S. $150.9 billion.

Average market capitalization —
U.S. $131.7 billion (+ 13 %).
Share Market and Capitalization
OAO Gazprom’s ordinary shares are mostly traded on the MICEX (Russia). OAO Gazprom’s shares in the form of ADR are traded on foreign stock exchanges (the London, Berlin, and Frankfurt Stock Exchanges), with London Stock Exchange (LSE) accounting for the major volume of trade. A significant amount of shares is also traded in the US over-the-counter market among qualified institutional buyers.

  • OAO Gazprom’s ordinary share price dynamics on MICEX and price dynamics of ADRs for OAO Gazprom’s shares on LSE in 2010 . Daily trading volumes
 
In 2010, OAO Gazprom’s share price increased on the MICEX (Russia) and slightly decreased on the LSE. The company shares were supported by the positive dynamics in the world financial markets and the continuing increase in oil prices.

  • OAO Gazprom’s ordinary share price dynamics on MICEX and price dynamics of ADRs for OAO Gazprom’s shares on LSE in 2010. Daily trading volumes.
     
 
Major Russian stock exchange indices grew in 2010; the MICEX index increased by 23.2 % and the RTS index went up by 22.5 %. In 2010, Brent oil price at the Intercontinental Exchange (ICE, London) increased to U.S. $ 94.75 per barrel (by 22 %). 

The average daily volume of OAO Gazprom’s shares traded on the MICEX decreased by 26 % in 2010 against the previous year, and amounted to about RR9.6 billion. The company shares, however, still remained among the leaders in the Russian market in daily trade volume.

  • OAO Gazprom’s market capitalization, billion US $
 
OAO Gazprom’s market capitalization increased up to U.S. $150.9 billion in 2010, i.e. by 4 %. OAO Gazprom’s average market capitalization increased by 13 % in 2010 compared to 2009 and amounted
to U.S. $131.7 billion. A shareholder’s total income, which is calculated as a change — during the year — in the value of capital invested into OAO Gazprom’s ordinary shares traded on the MICEX to include the pay-out of dividends in the reporting year but without their reinvestment, amounted to 7 % in 2010.
 
Dividends
 
Based on the 2010 operating performance,
the Board of Directors recommended paying
dividends to shareholders in the amount
of RR3.85 per share.
Dividends
OAO Gazprom’s dividend policy is aimed at securing the shareholders’ rights for dividends at that aligning the interests of shareholders and the company.
 
Based on the 2010 operating performance, the Board of Directors recommended paying dividends to shareholders in the amount of RR3.85 per share. The amount of dividends is determined in accordance with new OAO Gazprom’s Dividend policy approved by the Board Resolution №1665 dated October 27, 2010.
 
  • Dividends paid out in 2010 based on OAO Gazprom’s results for 2009 as of December 31, 2010
Corporate Governance
 
OAO Gazprom's corporate governance system
complies with generally accepted international
standards and secures all of its shareholders’ rights.
 
Gazprom adheres to high international standards
related to information disclosure and transparency,
implied through timely publication of adequate
information about the Group’s operating and
financial results.
Corporate Governance System and Its Major Achievements
OAO Gazprom is building a corporate governance system that will comply with generally accepted international standards, secure all of its shareholders’ rights, and allow building effective relationships with its shareholders, investors, and other stakeholders.
OAO Gazprom’s Internal Control System and Audit
OAO Gazprom’s Internal Control System is an important component for ensuring the Company’s sustainable development, securing its shareholders’ and investors’ rights.
 
The Revision Commission is elected by the annual General Shareholders Meeting to control OAO Gazprom’s financial and business activities.
 
Carrying out internal audit of work of structural subdivisions of OAO Gazprom’s administration, financial and business activities of OAO Gazprom’s branches, subsidiaries and organizations investment projects implementation and business processes is in the competence of Department of Internal Audit.
 
Closed Joint Stock Company PricewaterhouseCoopers Audit was the auditor of financial statements in 2010.
Information Interaction with Shareholders and Investors
Gazprom adheres to high international standards related to
information disclosure and transparency
, which imply timely publication of adequate information about the Group’s operating and financial results as well as corporate governance practices.

Gazprom pays special attention to 
developing relationships with shareholders and investors
.
Asset Management and Improving Corporate Structure
 
In order to improve management efficiency,
Gazprom consolidated it's assets in 2010.

OAO Gazprom’s Board of Directors
approved a number of transactions with core assets.
Transactions with core assets
Major Transactions with Assets Approved by OAO Gazprom’s Board of Directors
 
Transaction description  
 Authorization Total amount   
Date
Acquisition of  28,661,024 (12,5 %) shares
of ОАО Beltransgaz   		 Resolution of the Board of Directors  № 994  dated 25.04.2007 RR18,844,375.0 thousand March 2010
Acquisition of 51% interest in
ООО Gazpromviet
(setting up a company)		 Resolution of the Board of Directors  № 1607 dated 18.07.2010 RR5.1 thousand September 2010
Share capital increase of  ООО Gazprom dobycha Kuznetsk Resolution of the Board of Directors  № 1535 dated 21.01.2010 RR270,014.3 thousand July 2010
Acquisition of 100% interest in foreign private unitary enterprise Gazprom transgaz Zapad (setting up a company) Resolution of the Board of Directors  № 1525 dated 21.12.2009 RR1,390,386.8 thousand November 2010
Share capital increase of  ООО Gazprom energoholding Resolution of the Board of Directors  № 1313 dated 26.11.2008 RR1,000,000.0 thousand May 2010
Acquisition of 30,000,000 shares (75%+1 share) of ОАО Gazprom Yuzhnaya Osetiya (setting up a company) Resolution of the Board of Directors  № 1471 dated 20.08.2009 RR22,500.0 thousand November 2010
Share capital increase of  ООО Mezhregiongaz (OOO Gazprom mezhregiongaz as of September 2010) Resolution of the Board of Directors  № 1393 dated 09.04.2009 RR11,000,000.0 thousand March 2010
Acquisition of 18,054 shares (51%) of Nord Stream AG (share capital increase) Resolution of the Board of Directors  № 1572 dated 30.04.2010 RR10,236,953.5 thousand June and September
2010
Share capital increase ООО Gazprom investproekt Resolution of the Board of Directors  № 1574 dated 13.05.2010 RR4,650,000.0 thousand July 2010
Acquisition of 1 share
(50 %) of South Stream Hungary Zrt.
(setting up a company)		 Resolution of the Board of Directors  № 1440 dated 17.06.2009 HUF2,500.0 thousand March 2010
Acquisition of 600 shares (50 %) of South Stream Greece S.A.
(setting up a company)		 Resolution of the Board of Directors  № 1441 dated 17.06.2009 RR1,175.6 thousand July 2010
Acquisition of 1,224 shares (51 %)  of Shtokman Development AG (share capital increase) Resolution of the Board of Directors  № 1626 dated 29.07.2010 CHF122,400.0 thousand August and October
2010
Acquisition of 25 shares (50 %) of South Stream Bulgaria AD (setting up a company) Resolution of the Board of Directors  № 1439 dated 17.06.2009 BGN50.0 thousand December 2010
Acquisition of 3,251,333 registered ordinary shares of
ОАО Daltransgaz		 Resolution of the Board of Directors  № 1545 dated 02.03.2010 RR2,912,000.0 thousand October 2010
Acquisition of 3,000 registered ordinary shares of ОАО Daltransgaz Resolution of the Board of Directors  № 1312 dated 24.11.2008 RR3,375.0 thousand December 2010
Acquisition of 4,224,170 registered ordinary shares of ОАО Daltransgaz as a result of liquidation of ООО Trans-Invest and ООО Proekt finans subsidiaries Resolution of the Board of Directors  № 1312 dated 24.11.2008 RR5,538,182.6 thousand October 2010
Transfer of shares of  ОАО Holding MRSK from ООО Gazprom energoholding to Gazprom Finance B.V.
Transfer of shares of  ОАО FSK EES from
ООО Gazprom energoholding to
Gazfin Cyprus Limited,
a 100 % subsidiary of  Gazprom Finance B.V.		 Resolutions of the Board of Directors  №№ 1685, 1686 dated 18.12.2010 RR16,830,926.5 thousand December 2010
Transfer from ОАО Gazprom to ООО Yamal Razvitie shares of ООО SeverEnergiya (51 %) Resolution of the Board of Directors  №1658 dated 21.10.2010 RR48,714,737.1 thousand November 2010
 
Improving Corporate Structure
In order to improve management efficiency, assets were consolidated in geophysical activities, gas distribution and oil assets in 2010.
Major Transactions
and Interested Party Transactions
 
No major transactions were carried out
by OAO Gazprom in 2010.

In the reporting year, OAO Gazprom completed
1,799 transactions defined in the current
Russian law as interested party transactions.
Major Transactions and Interested Party Transactions
No major transactions (as defined in the current Russian law) were carried out by OAO Gazprom in 2010.

In the reporting year, OAO Gazprom completed 1,799 transactions defined in the current Russian law as interested party transactions.
Key Risk Factors
 
In order to ensure the sustainable development
of OAO Gazprom and improve the quality of decision
making process the Group is improving
the corporate risk management system.
Corporate risk management system
In order to ensure the sustainable development of OAO Gazprom and improve the quality of decision making process the Group is improving the corporate risk management system.

Risk management within the framework of the unified corporate system is defined as continuous cycle of making and implementing management decisions that consists of identification, assessment and measurement of risks, response to risks, efficient control, planning of activities for management and monitoring of risks. This cycle is an integral part of the Group’s general management system and focuses on risk optimization that serves OAO Gazprom’s interests in all areas of the Group’s operations.
Strategic and Country-Specific Risks
  • Risks relating to the global crisis developments 
  • Risks relating to operations on the European gas market
  • Risks of state regulation in the sector
  • Risks relating to natural gas transit
  • Risks associated with entering new regions and new markets
  • Risks associated with the development of gas production from unconventional sources
  • Geographical and climatic risks
Risks Relating to Customs, Foreign Currency and Tax Regulation
  • Risks associated with the changes in currency regulation and tax legislation in the Russian Federation
  • Risks relating to changes in rules of customs control and payments in the Russian Federation
Financial Risks
  • Foreign exchange risks, interest rate and inflation risks
  • Credit and liquidity risks
  • Market risks including risks associated with decrease in volumes and cost of gas sold at foreign markets
Operating Risks
  • Risks relating to non-extension of subsoil licenses
  • Cost escalation risks
  • Risks relating to exploitation of operating facilities
  • Risks associated with assessment of hydrocarbon reserves
  • Risks associated with vertical integration and diversification of operations
  • Risks relating to registration of tile to real estate and land plots of OAO Gazprom
  • Environmental risks
List of interested party transactions in 2010
approved by OAO Gazprom’s regulatory bodies

Information about transactions with OAO Gazprom’s
shares carried out by members of OAO Gazprom’s
Board of Directors and Management Committee in 2010
Additional Information
to OAO Gazprom’s
2010 Annual Report
Members of OAO Gazprom’s Revision Commission
Information about the Members of OAO Gazprom’s Revision Commission
 
Full name Date of Birth Position as of December 31, 2010
Dmitry Alexandrovich Arkhipov 1975 Deputy Head of the Administration of the Management Committee – Head of OAO Gazprom’s Internal Audit Department, Chairman of the Commission
Vadim Kasymovich Bikulov 1957 Head of Directorate of the Internal Audit Department of the Administration of OAO Gazprom’s Management Committee, secretary of the Commission
Andrey Nikolaevich Kobzev 1971 Head of the Expert Analysis Department of the Federal Agency for State Property Management
Nina Vladislavovna Lobanova 1955  
Dmitry Sergeevich Logunov 1979 Deputy Director of the Economics and Analysis Department of the Russian Ministry of Agriculture
Yury Stanislavovich Nosov 1963 Deputy Head of the Administration of the Management Committee – Head of OAO Gazprom’s Affairs Management Department
Konstantin Valeryevich Pesotsky 1977 Executive Director of the Department for Governmental Regulation of Tariffs, Infrastructure Reforms, and Energy Efficiency of the Russian Ministry of Economic Development
Mariya Gennadievna Tikhonova 1980 Director of the Department for Economic Regulation and Property Relations in the Fuel and Energy Complex of the Russian Ministry of Energy
Alexander Sergeevich Yugov 1981 Head of the Management Department of the Federal Agency for State Property Management
Meetings Held by OAO Gazprom’s Board of Directors in 2010
Information about the People Elected as Members of the Revision Commission at the Annual General Shareholders Meeting Dated June 25, 2010
 
Item Date of
meeting		 № of record Issues Considered Form of meeting
1 January 11, 2010 № 555 I. On introducing amendments into certain regulatory documents of OAO Gazprom
II. On approving an interested party transaction with Gazprombank (Open Joint Stock Company)		 Absentee ballots
2 January 11, 2010 № 556 On coordinating OAO Gazprom’s participation in Non-CommercialPartnership “United Business Cooperation Center of Shanghai Cooperation Organization” Absentee ballots
3 January 19, 2010 № 557 On the implementation of investment programs by OAO Gazprom’s majorsubsidiaries Absentee ballots
4 January 21,2010 № 558 On approving an interested party transaction with OAO Gazprom Promgaz Absentee ballots
5 January 21, 2010 № 559 On coordinating a transaction related to an increase in the sharecapital of OOO Gazprom Dobycha Kuznetsk Absentee ballots
6 January 26, 2010 № 560 I. On OAO Gazprom’s marketing policy in the world financial andeconomic crisis
II. On bringing the contracts for natural gas supply (purchase andsale), which are signed between OAO Gazprom’s subsidiaries or associatedcompanies and consumers in the Russian Federation, with theeffective legislation
III. Information about the work carried out to improve the performanceof OAO Gazprom Neft and optimize (decrease) its costs		 Formal meeting
7 January 30, 2010 № 561 On the participation of the members of OAO Gazprom’s ManagementCommittee in other organizations’ control bodies Absentee ballots
8 February 4, 2010 № 562

 

 I. On holding OAO Gazprom’s annual General Shareholders Meeting
II. On considering the nomineesfor OAO Gazprom’s Board of Directors and Revision Commission and the issuesfor the agenda of the Company’s annual General Shareholders Meeting
III.On the implementation of the Eastern Gas Program
IV.Information about the work carried out to improve the performance of OOOGazprom Dobycha Yamburg and optimize (decrease) its costs		 Formal meeting
9 February 25, 2010 № 563 I.On coordinating OAO Gazprom’s position with regard to its representatives’voting in other organizations’ control bodies
II.On coordinating the acquisition by OOO Gazprom Dobycha Orenburg of ashareholding in OOO Ozon		 Absentee ballots
10 February 25, 2010 №564 OnOAO Gazprom’s shareholding in Limited Liability Company Gaz-Oil Absentee ballots
11 March 2, 2010 № 565 I.On approving an interested party transaction with OAO ROSNEFTEGAZ
II.On OAO Gazprom’s shareholding in OAO Kamchatgazprom		 Absentee ballots
12 March 2, 2010 № 566 Onapproving an interested party transaction with OAO Gazpromregiongaz Absentee ballots
13 March 5, 2010 № 567 Oncoordinating transactions to raise funds for Nord Stream AG Absentee ballots
14 March 10, 2010 № 568 OnA.N. Kozlov Absentee ballots
15 March 18, 2010 № 569 Onimproving the procedure for the placement of orders for the supply of goods,performance of work, and provision of services at a single source Absentee ballots
16 March 23, 2010 № 570 I.On the outcome of the set of measures carried out to optimize the Company’scosts in 2009
II. On implementing the general principles of OAOGazprom’s financial strategy
III. On the program to introduce energy-saving technologies into OAOGazprom’s processes
IV. Information about the work carried out to improve the performanceof OOO Mezhregiongaz and optimize (decrease) its costs		 Formal meeting
17 March 29, 2010 №571 On approving an interested party transaction with Gazprombank (OpenJoint Stock Company) Absentee ballots
18 March 29, 2010 № 572

 

 Onthe current state of the regulatory base related to natural gas supply andthe ways to improve it and raise the efficiency of the Company’s specialists’activities with regard to reviewing draft legislative and other regulatoryacts in a comprehensive manner Absentee ballots
19 March 30, 2010 № 573 I. On V.G. Podyuk
II. On V.V. Cherepanov		 Absentee ballots
20 March 31, 2010 № 574 I. On the disposal by Gazprom Sakhalin Holdings B.V. of preferenceshares of Sakhalin Energy Investment Company Ltd.
II. On approving an interested party transaction with OAOGazprom Promgaz		 Absentee ballots
21 April 2, 2010 № 575 Onpreparing the feasibility study for the South Stream project Absentee ballots
22 April 7, 2010 № 576 On approving an interested party transaction with OAO Gazpromregiongaz Absentee ballots
23 April 7, 2010 № 577 I. On OAO Gazprom’s shareholding in OOO Gazprom Zheldortrans Urengoy
II.On changing the terms and conditions of the sale ofnon-core assets belonging to OAO Gazprom and OOO Gazprom TransgazEkaterinburg		 Absentee ballots
24 April 21, 2010 № 578 I.On the prospective of applying market-based pricing principles for naturalgas supplied to the domestic market starting from 2011 and the pricingformula that takes into account inter-fuel competition and equal yield of gassupplies to the foreign and domestic market
II. On approvingthe Major provisions of the comprehensive program of OAO Gazprom’s activitiesin the foreign markets
III. On OAO Gazprom’s policy in the field ofinsuring the facilities within the unified gas supply system and insuranceprotection of OAO Gazprom’s interests when exporting its natural gas
IV.Information about the work carried out to improve the performance of OOOGazprom Export and optimize (decrease) its costs		 Formal meeting
25 April 26, 2010 № 579 Oncoordinating OAO Gazprom’s position with regard to its representatives’voting in the control bodies of ZAO Gazprom Invest Yug and ZAO Yamalinvest Absentee ballots
26 April 26, 2010 № 580 Onapproving interested party transactions Absentee ballots
27 April 30, 2010 № 581 Onapproving an interested party transaction with OAO SOGAZ Absentee ballots
28 April 30, 2010 № 582 Onthe outcome of restructuring OAO Gazprom’s security services system andmeasures to increase the level of security at the Company’s facilities Absentee ballots
29 April 30, 2010 № 583 Onthe outcome of implementing the system for the assessment of risks of OAOGazprom’s carrying out its operations Absentee ballots
30 April 30, 2010 № 584 OnOAO Gazprom’s representatives’ voting with regard to increasing the sharecapital of Nord Stream AG Absentee ballots
31 April 30, 2010 № 585 Onapproving an interested party transaction with OAO Gazprom Promgaz Absentee ballots
32 May 13,2010 № 586 OnOAO Gazprom’s acquisition of a shareholding in OOO Russkiye EnergeticheskiyeProekty Absentee ballots
33 May 13,2010 № 587 Onapproving an interested party transaction with OAO Gazprom Promgaz Absentee ballots
34 May 17,2010 № 588 Onapproving an interested party transaction Absentee ballots
35 May 18-21, 2010 № 589 I.On determining the time and venue for holding OAO Gazprom’s annual General ShareholdersMeeting as well as the mailing address for sending the completed ballots
II. On approving the agendafor OAO Gazprom’s annual General Shareholders Meeting
III.On the Presidium and Chairman of OAO Gazprom’s annual General ShareholdersMeeting
IV.On the list of information (materials) presented to the shareholders in thecourse of preparation for OAO Gazprom’s annual General Shareholders Meetingand the procedures for presenting it (them)
V.On the procedures for informing the shareholders about holding OAO Gazprom’sannual General Shareholders Meeting
VI.On the format and content of ballots for voting on the agenda of OAOGazprom’s annual General Shareholders Meeting
VII.On OAO Gazprom’s draft annual report 2009
VIII.On distributing OAO Gazprom’s net profit earned in 2009
IX.On recommendations concerning the amount, timing, and means of payment ofannual dividends on the Company’s shares
X.On the annual financial (accounting) statements of OAO Gazprom (head company)for 2009 prepared in accordance with Russian legislation
XI.On the compensation to the members of OAO Gazprom’s Board of Directors andRevision Commission
XII.On the outcome of the open contest to select an audit company for thestatutory annual audit of OAO Gazprom for 2010
XIII.On introducing amendments into OAO Gazprom’s Charter and the Regulation onOAO Gazprom’s General Shareholders Meeting
XIV.On the outcome of implementing OAO Gazprom’s investment program for 2009 andthe implementation the Company’s investment program for 2010
XV.On the progress and objectives of developing the Shtokmanovskoye field
XVI.Information about the work carried out to improve the performance of ZAOYamalgazinvest and optimize (decrease) its costs		 Formal meeting
36 June 4,2010 № 590 Onimplementing Resolution of OAO Gazprom’s Board of Directors № 1354 datedFebruary 4, 2009 “On the structure of purchases of materials and technicalresources for OAO Gazprom’s needs and measures taken by the Company toincrease the share of domestically produced items in its purchases” Absentee ballots
37 June 4,2010 № 591 Oncoordinating the disposal of the shares of OAO Gazpromneft-Novosibirskbelonging to OOO SeverEnergiya Absentee ballots
38 June 4,2010 № 592 I.On approving an interested party transaction with V.A. Zubkov
II.On approving an interested party transaction with B. Bergmann
III.On approving an interested party transaction with F.R. Gazizullin
IV.On approving an interested party transaction with V.A. Musin
V.On approving an interested party transaction with E.S. Nabiullina
VI.On approving an interested party transaction with S.I. Shmatko
VII.On approving an interested party transaction with I.Kh. Yusufov		 Absentee ballots
39 June 9,2010 № 593 I.On organizing tenders by OAO Gazprom and its subsidiaries in Russia andabroad among Russian metallurgical companies and pipe producers for thesupply of Russian-made metal products and pipes in the amount proportional tothe Russian side’s shareholding in projects for the development of the gastransportation network
II.On managing OAO Gazprom’s and its subsidiaries’ property and other assets andensuring corporate control over the transactions
III.On readiness to hold OAO Gazprom’s annual General Shareholders Meeting
IV.Information about the work carried out to improve the performance of OOOGazprom Dobycha Nadym and optimize (decrease) its costs		 Formal meeting
40 June 11, 2010 № 594 Onapproving an interested party transaction Absentee ballots
41 June 15, 2010 № 595 I.On approving an interested party transaction with ZAO Yamalgazinvest
II.On approving an interested party transaction with Tsentrenergogaz DOAO OAOGazprom		 Absentee ballots
42 June 18, 2010 № 596 OnOAO Gazprom’s shareholding in Limited Liability Company Gazpromviet Absentee ballots
43 June 21, 2010 № 597 Onapproving an interested party transaction with OAO Gazprom Promgaz Absentee ballots
44 June 21, 2010 № 598 Oncoordinating OAO Gazprom’s position with regard to its representatives’voting in the Board of Directors of OOO Gazpromtrans Absentee ballots
45 June 24, 2010 № 599 Oncoordinating a loan to be granted by Gazprom Sakhalin Holdings B.V. to OAOGazprom Absentee ballots
46 June 24, 2010 № 600 I.On approving an interested party transaction with GK Olimpstroy
II.On approving an interested party transaction with OAO Gazprom Promgaz		 Absentee ballots
47 June 25, 2010 № 601 I. On the Chairman of OAOGazprom’s Board of Directors
II.On the Deputy Chairman of OAO Gazprom’s Board of Directors		 Formal meeting
48 July 20, 2010 № 602 OnOAO Gazprom’s shareholding in joint project company South Stream Austria GmbH Absentee ballots
49 July 20, 2010 № 603 Onapproving the agreement on changing the Initial agreement between theshareholders with regard to Shtokman Development AG dated February 21, 2008as an interested party transaction Absentee ballots
50 July 21, 2010 № 604 Oncoordinating OOO Gazprom investholding’s contribution into the property ofOOO Factoring-Finance Absentee ballots
51 July 21, 2010 № 605 I.On introducing changes to the procedure for the placement of orders for thesupply of goods, performance of work, and provision of services for OAOGazprom’s and its subsidiaries’ needs at a single source (contractor)
II.On the acquisition by OOO Mezhregiongaz of OAO Gazpromregiongaz’s shares		 Absentee ballots
52 July 21, 2010 № 606 Onapproving an interested party transaction with ZAO Yamalgazinvest Absentee ballots
53 July 21, 2010 № 607 I.On developing and adopting innovative development programs
II.On issues related to the severance tax on natural gas and gas condensate
III.On approving the amount of compensation payable to the audit company for itsaudit of OAO Gazprom’s financial (accounting) statements for 2011
IV.On the business plan of OAO Gazprom’s Board of Directors for the 2H 2011
V.On staffing the Audit Committee of OAO Gazprom’s Board of Directors
VI.Information about the work carried out to improve the performance of OOOGazprom Transgas Yugorsk and optimize (decrease) its costs		 Formal meeting
54 July 29, 2010 № 608 Onapproving OAO Gazprom’s transactions to acquire additional registered sharesof Shtokman Development AG Absentee ballots
55 August 12, 2010 № 609 Onapproving an interested party transaction with Gazprombank (Open Joint StockCompany) Absentee ballots
56 August 30, 2010 № 610 Onplacement of orders by the Company, its subsidiaries, and associatedcompanies Absentee ballots
57 August 30, 2010 № 611 I. On coordinatingtransactions with assets
II.On approving an interested party transaction with OAO Bank VTB		 Absentee ballots
58 August 30, 2010 № 612 Onintroducing changes to the list of those participating in the Annual BonusSystem Absentee ballots
59 August 30, 2010 № 613 Onapproving an interested party transaction with OAO Lazurnaya Absentee ballots
60 August 30, 2010 № 614 Onapproving an interested party transaction with Gazprom EP International B.V. Absentee ballots
61 August 30, 2010 № 615 Onthe upper limit of funds to ensure the functioning of OAO Gazprom’s RevisionCommission Absentee ballots
62 September 15, 2010 № 616 I.On approving interested party transactions with Gazprombank (Open Joint StockCompany)
II.On approving interested party transactions with Vneshekonombank
III.On approving interested party transactions with OAO SOGAZ
IV.On approving interested party transactions with NPF GAZFUND
V.On approving interested party transactions with Sberbank of Russia OAO
VI.On introducing amendments into Resolution of OAO Gazprom’s Board of Directors№ 1457 dated July 13, 2009		 Absentee ballots
63 September 15, 2010 № 617 I.On the participation of V.V. Rusakova, member of OAO Gazprom’s ManagementCommittee, in AO Latvijas Gaze’s Board
II.On the participation of K.G. Seleznev, member of OAO Gazprom’s ManagementCommittee, in AO Latvijas Gaze’s Board
III.On the participation of V.V. Cherepanov, member of OAO Gazprom’s ManagementCommittee, in other organizations’ control bodies		 Absentee ballots
64 September 15, 2010 № 618 Onapproving an interested party transaction with OAO Gazprom Promgaz Absentee ballots
65 September 27, 2010 № 619 Oncoordinating the acquisition by Gazprom EP International B.V. of shares ofGazprom Libyen Verwaltungs GmbH Absentee ballots
66 September 27, 2010 № 620 Onintroducing amendments into the Regulation on Arbitration Tribunal under OpenJoint Stock Company Gazprom Absentee ballots
67 September 30, 2010 № 621 I.On approving the investment program, budget (financial plan), and program foroptimizing (decreasing) OAO Gazprom’s costs for 2010
II.On implementing the South Stream project
III.On increasing expenditure on research work and technology upgrade and settingup foundations, which would provide sustainable long-term funding to developstate-of-the-art technologies, equipment, and devices and sell them on acommercial basis
IV.Information about the work carried out to improve the performance of OOOGazprom Dobycha Astrakhan and optimize (decrease) its costs		 Formal meeting
68 October 5, 2010 № 622 Onintroducing amendments into the Regulation on rewarding OAO Gazprom’smanagement staff with the Company’s shares Absentee ballots
69 October 5, 2010 № 623 I.On approving an interested party transaction with OAO Bank VTB
II.On approving interested party transactions with Gazprombank (Open Joint StockCompany)		 Absentee ballots
70 October 5, 2010 № 624 Onensuring OAO Gazprom’s participation in the development and operation oftechnological platforms, forecasting scientific and technical development,upgrading and optimizing the technologies in use and placing orders forinnovation research (possibly engaging small- and medium-sized businesses),as well as identifying those responsible for the implementation of the abovedirections and optimizing the structure for managing innovation development Absentee ballots
71 October13, 2010 № 625 Onapproving an interested party transaction with state corporation The Bank forDevelopment and Foreign Economic Affairs (Vneshekonombank) Absentee ballots
72 October 14,2010 № 626 OnOAO Gazprom’s acquisition of a shareholding in OOO Mezhregiongaz Absentee ballots
73 October 14,2010 № 627 Ontransactions with assets Absentee ballots
74 October21, 2010 № 628 I.On coordinating the acquisition by OAO Gazprom Neft of a shareholding in OOO YamalRazvitiye
II.On coordinating the disposal of OAO Gazprom’s shareholding in OOOSeverEnergiya		 Absentee ballots
75 October 25,2010 № 629 Oncoordinating the acquisition by OOO Gazprom Dobycha Orenburg of ashareholding in OOO Ozon  Absenteeballots
76 October26, 2010 № 630 I.On changing the terms and conditions of the sale of OAO Gazprom’sshareholding in OOO Ditangaz
II.On coordinating the disposal of OAO Gazmash’s shareholding in OOO ArmavirskiyZGA		 Absentee ballots
77 October 27,2010 № 631 Onimproving Gazprom Group’s system for the purchase of goods, work, andservices  Absenteeballots
78 October 27,2010 № 632 Onopening OAO Gazprom’s Representative Office in Qatar Absentee ballots
79 October 27,2010 № 633 I.On OAO Gazprom’s readiness to comply with peak loads in late 2010 and early2011 and measures necessary to ensure continuous natural gas supply toconsumers during the winter period in the long term
II.On developing and approving OAO Gazprom’s dividend policy
III.Information about the work carried out to improve the performance of OOOGazprom Tsentrremont and optimize (decrease) its costs		 Formal meeting
80 November 1, 2010 № 634 Onthe disposal of OAO Gazprom’s shareholding in Peter Gaz B.V. Absentee ballots
81 November 3, 2010 № 635 I.The report on the assessment of economic effectiveness of OAO Gazprom’s andits subsidiaries’ shareholdings in the companies of the scientific andtechnical sector
II.On OAO Gazprom’s strategy of using methane gases located in coal beds
III.On the status of work to launch the development of the Shtokmanovskoye gascondensate field
IV.On draft Regulation on procedures for determining the amount of compensationto the members of OAO Gazprom’s Board of Directors		 Absentee ballots
82 November 10, 2010 № 636 OnOAO Gazprom’s Eurobonds Absentee ballots
83 November 10, 2010 № 637 Oncoordinating the disposal of OAO Gazprom’s shareholding in OOO Gazprom Bureniye Absentee ballots
84 November 10, 2010 № 638 Onapproving an interested party transaction with OAO Gazprom Promgaz Absentee ballots
85 November 15, 2010 № 639 Onthe participation of A.G. Ananenkov, member of OAO Gazprom’s ManagementCommittee, in OAO OSK’s Board of Directors Absentee ballots
86 November 17, 2010 № 640 Oncoordinating OAO Gazprom’s position with regard to its representatives’voting in the Board of Directors of ZAO Gazprom Invest Yug Absentee ballots
87 November 23, 2010 № 641 I.On preliminary results of OAO Gazprom’s operations in 2010, projects withinthe investment program, budget (financial plan), program for optimizing(decreasing) the Company’s costs for 2011, and forecast for the period up to2013
II.On the prospective development of the shale gas industry
III.On the program of OAO Gazprom’s activities to strengthen its positions in themarkets in Europe, Asian countries, and North Americaas well as its plans to enter new markets
IV.Information about the work carried out to improve the performance of OOOGazprom Transgas Moskva and optimize (decrease) its costs		 Formal meeting
88 November 24, 2010 № 642 Onapproving an interested party transaction with OAO Gazprom Promgaz Absentee ballots
89 November 24, 2010 № 643 Onthe disposal of OAO Gazprom’s shareholding in Global Energy Foundation Absentee ballots
90 December 1, 2010 № 644 Onrendering financial assistance Absentee ballots
91 December 6, 2010 № 645 I.On approving an interested party transaction with OAO Bank VTB
II.On approving an interested party transaction with OAO Bank VTB
III.On approving an interested party transaction with OAO Bank VTB		 Absentee ballots
92 December 8, 2010 № 646 I.On coordinating a transaction with shares of OAO Holding MRSK
II.On coordinating a transaction with shares of OAO FSK UES		 Absentee ballots
93 December 8, 2010 № 647 Onapproving an interested party transaction with Gazprom Germania GmbH Absentee ballots
94 December 8, 2010 № 648 I.On developing gas fields on the Yamal Peninsula
II.On implementing the Program of gas industry’s mineral resource basedevelopment for the period up to 2030
III.The report on the assessment of economic effectiveness of OAO Gazprom’s andits subsidiaries’ shareholdings in the companies whose core operations areair or railway transportation		 Absentee ballots
95 December 8, 2010 № 649 Onthe disposal of non-core assets of OAO Gazprom’s subsidiaries and associatedcompanies and the approval of the program for selling the said assets Absentee ballots
96 December 15, 2010 № 650 Onthe business plan of OAO Gazprom’s Board of Directors for the 1H 2011 Absentee ballots
97 December 15, 2010 № 651 I.On coordinating the disposal of the shares of OAO TISMA belonging to OAOZapsibgazprom
II.On coordinating the disposal of the shares of ZAO SIBES belonging to OAOZapsibgazprom		 Absentee ballots
98 December 17, 2010 № 652 Oncoordinating the disposal of OOO Gazprom Transgaz Nizhniy Novgorod’sshareholding in OOO VTGSM Absentee ballots
99 December 17, 2010 № 653 Onapproving an interested party transaction with OAO Nordea Bank Absentee ballots
100 December 21, 2010 № 654 I. On developing OAO Gazprom’sown production facilities for the period up to 2015
II.On the state and size of OAO Gazprom’s loan portfolio, the amount andconditions of guarantees granted by OAO Gazprom, as well as the strategy forusing sources of borrowed funds
III.On OAO Gazprom’s participation in the development of the electric powerindustry in Russia,CIS, and the Far Abroad countries
IV.Information about the work carried out to improve the performance of OOOGazprom Energoholding and optimize (decrease) its costs		 Formal meeting
101 December 29, 2010 № 655 Onapproving an interested party transaction with Gazprom EP International B.V. Absentee ballots
102 December 31, 2010 № 656 Onapproving an interested party transaction Absentee ballots
103 December 31, 2010 № 657 Ontransactions with assets Absentee ballots
104 December 31, 2010 № 658 I.On approving an interested party transaction with OAO Gazpromregiongaz
II.On approving an interested party transaction with OAO Gazpromregiongazrelated to the purchase and sale of property
III.On approving an interested party transaction with OAO Gazpromregiongazrelated to the purchase and sale of immovable property		 Absentee ballots
Ongoing Legal Proceedings
Connected with Debt Enforcement as of December 31, 2010
The total amount claimed under lawsuits filed against OAO Gazprom to collect debts still pending as of December 31, 2010 was RR31,417,086.65.

As of December 31, 2010, OAO Gazprom does not participate in any pending lawsuits to collect debts as a plaintiff
Item Plaintiff Subject matter of the lawsuit Amount claimed under the lawsuit, RR
1 Natural Resources Regulation Department of YNAR
 

 Collection of OAO Gazprom’s debts under the contract for the lease of a woodland area
 

 280,924.64
 
2 Natural Resources Regulation Department of YNAR Collection of OAO Gazprom’s debts under the contract for the lease of a woodland area 2,589,816.83
3 Natural Resources Regulation Department of YNAR
 

 Collection of OAO Gazprom’s debts under the contract for the lease of a woodland area 275,383.62
4 Natural Resources Regulation Department of YNAR
 

 Collection of OAO Gazprom’s debts under the contract for the lease of a woodland area 33,851.33
5 ООО Agro-Alyans Collection of OAO Gazprom’s debts under the lease contract 4,805,435.44
6 Agency for Forestry and Hunting Sector of Arkhangelsk Region
 

 Collection of OAO Gazprom’s debts under the lease contract 3,279,224.88
7 Agency for Forestry and Hunting Sector of Arkhangelsk Region Collection of OAO Gazprom’s debts under the lease contract 181,133.47
8 Agency for Forestry and Hunting Sector of Arkhangelsk Region Collection of OAO Gazprom’s debts under the lease contract 23,632.89
9 Agency for Forestry and Hunting Sector of Arkhangelsk Region Collection of OAO Gazprom’s debts under the contract 811,144.49
10 Administration of
municipal entity
Tikhvinsky district
the Leningrad Region
 

 Collection of OAO Gazprom’s debts under the contract for the lease of a land plot 482,351.09
11 Immovable property department of municipal entity
Noviy Urengoy		 Collection of OAO Gazprom’s debts under the lease contract 182,021.27
12 Immovable property department of municipal entity
Noviy Urengoy		 Collection of OAO Gazprom’s debts under the lease contract 151,924.77
13 Immovable property department of municipal entity
Noviy Urengoy		 Collection of OAO Gazprom’s debts under the lease contract 206,790.08
14 Immovable property department of municipal entity
Noviy Urengoy		 Collection of OAO Gazprom’s debts under the lease contract 211,523.33
15 Immovable property department of municipal entity
Noviy Urengoy		 Collection of OAO Gazprom’s debts under the lease contract 179,455.88
16 Forestry Committee of
Komi Republic
(GU Ajkinskoye lesnichestvo)		 Collection of OAO Gazprom’s debts under the contract for the lease of a woodland area 3,437,187.63
17 Forestry Committee of
Komi Republic
(GU Ajkinskoye lesnichestvo)		 Collection of OAO Gazprom’s debts under the contract for the lease of a woodland area 566,912.29
18 Forestry Committee of
Komi Republic
(GU Ajkinskoye lesnichestvo)		 Collection of OAO Gazprom’s debts under the contract for the lease of a woodland area 137,987.43
19 Forestry Committee of
Komi Republic
(GU Ajkinskoye lesnichestvo)		 Collection of OAO Gazprom’s debts under the contract for the lease of a woodland area 183,528.44
20 Forestry Committee of
Komi Republic
(GU Ajkinskoye lesnichestvo)		 Collection of OAO Gazprom’s debts under the contract for the lease of a woodland area 1,450,191.33
21 Forestry Committee of
Komi Republic
(GU Ajkinskoye lesnichestvo)		 Collection of OAO Gazprom’s debts under the contract for the lease of a woodland area 10,186.80
22 Forestry Committee of
Komi Republic
(GU Zheleznodorozhnoye lesnichestvo)		 Collection of OAO Gazprom’s debts under the contract for the lease of a woodland area 14,855.07
23 Forestry Committee of
Komi Republic
(GU Zheleznodorozhnoye lesnichestvo)		 Collection of OAO Gazprom’s debts under the contract for the lease of a woodland area 6,159,090.48
24 Administration of Sheksninskiy municipal entity Vologda Region Collection of OAO Gazprom’s debts under the contract for the lease of a land plot 2,257,468.34
25 Administration of Sheksninskiy municipal entity Vologda Region Collection of OAO Gazprom’s debts under the contract for the lease of a land plot 137,486.35
26 Administration of Sheksninskiy municipal entity Vologda Region Collection of OAO Gazprom’s debts under the contract for the lease of a land plot 1,013,894.14
27 Forestry Committee of
Komi Republic
(GU Zheleznodorozhnoye lesnichestvo)		 Collection of OAO Gazprom’s debts under the contract for the lease of a woodland area 96,085.73
28 Forestry Committee of
Komi Republic
(GU Zheleznodorozhnoye lesnichestvo)		 Collection of OAO Gazprom’s debts under the contract for the lease of a woodland area 654,255.33
29 TU FAUGI
Leningrad Region
 

 Collection of OAO Gazprom’s debts under the contract for the lease of a land plot 14,020.17
30 TU FAUGI
Komi Republic
 

 Collection of OAO Gazprom’s debts under the lease contract 182,909.06
31 Administration of Poshehonskiy district
Yaroslavl Region		 Collection of OAO Gazprom’s debts under the lease contract 453,905.71
32 Agency for Forestry and Hunting Sector of Arkhangelsk Region Collection of OAO Gazprom’s debts under the lease contract 3,886.29
33 Agency for Forestry and Hunting Sector of Arkhangelsk Region Collection of OAO Gazprom’s debts under the lease contract 3,780.83
34 ОАО Zemlya Sergachskaya Collection of OAO Gazprom’s debts under the lease contract 125,760.40
35 Administration of Torzhok district
Tver Region		 Collection of OAO Gazprom’s debts under the lease contract 807,545.81
36 Forestry Committee of
Komi Republic
(GU Vuktylskoye lesnichestvo)		 Collection of OAO Gazprom’s debts under the contract for the lease of a woodland area 11,535.01
OAO Gazprom Participation in Share Capital of Third Companies
as of December 31, 2010
Item Short title General office Core business Participation interest
1 ОАО AVTOGAZ 8 building 1, Stroiteley Str., 117317, Moscow Developing new equipment to use compressed natural gas and develop low-output fields 4.55 %
2 ZAO ArmRosgazprom 43 Tbilisi highway, Yerevan, 375094 Transportation, storage and seles of natural gas in the Republic of Armenia 80 %
3 ОАО Belgazprombank 60/2 Pritytskogo Str., 220121, Minsk,
The Republic of Belarus		 Banking services 49.02 %
4 ОАО Beltransgaz 9 Nekrasova Str., 220040, Minsk, The Republic of Belarus Gas transportation 50 %
5 SP OAO Brestgazoapparat 22 Ordzhonikidze Str., Brest, The Republic of Belarus Producing household gas stoves 51 %
6 Vega Investment Company 4 office 214 Genkelya Str., 614068, Perm Investment and financial activities 21 %
7 ОАО  VNIPIgazdobycha 4 Sakko i Vantsetti Str., 410760, Saratov Providing scientific and technical products related to geological exploration and natural gas production as well as carrying out the construction and reconstruction of natural gas production facilities. Servicing OAO Gazprom’s companies 56.67 %
8 ОАО Vostokgazprom 73 Bolshaya Podgornaya Str., 634009, Tomsk, Tomsk region, Russia Exploring and developing oil and gas fields as well as selling hydrocarbons and refined products 99.98 %
9 ОАО Gazavtomatica 25-27 building 3 Savvinskaya nab., 119435, Moscow, Russia Developing, producing, and implementing automatic systems and remote control systems 49.62 %
10 ОАО Gazmash 13 Verkhnyaya Radishchevskaya, 109240, Moscow, Russia Manufacturing household fuel-consuming appliances 99.999 %
11 ООО Gaz-Oil 14 Nakhimova Str., 236010, Kaliningrad Implementing and developing comprehensive measures to design and construct gas pipelines, UGSF, gas distribution stations, and CNG filling stations 100 %
12 Gazprom UK Ltd. 41 Vine Street, London ЕС3N 2AA, United Kingdom Organizing project finance for certain hydrocarbon production facilities 100 %
13 ООО Gazprom-Avia Aviation Company Airport Ostafyevo, 142131, p/o Ryazanovo, Podolsky rayon, Moscow  region, Russia Organizing and carrying out air transportation 100 %
14 ООО Gazprom Burenie 12A  Nametkina Str., Moscow, Russia Geological exploration, wells construction and drilling 100 %
15 ООО Gazprom VNIIGAZ Razvilka, Leninsky District, Moscow  region, Russia Scientific and technical activities 100 %
16 ООО Gazprom Gaznadzor 41 building 1, Vernadskogo pr., Moscow, Russia
 

 

 Ensuring – together with OAO Gazprom’s companies – the reliability and safety of technological facilities within the Unified Gas Supply System 100 %
17 ООО Gazprom gazobezopasnost 8 building 1 Stroiteley Str., 119311, Moscow
 

 

 Monitoring the compliance with gas safety instructions and the compliance with well operation technologies 100 %
18 ООО Gazprom dobycha Astrakhan 30/33 A Lenina/Babushkina Str., Astrakhan, Kirovsky rayon, Russia Hydrocarbons production and refining 100 %
19 ООО Gazprom dobycha Irkutsk 1 office 222 Ulan-Batorskaya Str., Irkutsk, Russia
 

 

 Exploring and developing hydrocarbon fields as well as constructing and operating gas distribution networks 100 %
20 ООО Gazprom dobycha Krasnodar 53 Shosse Neftyanikov Str., Zapadny administrativny okrug, GSP, 350051, Krasnodar Hydrocarbons production 100 %
21 ООО Gazprom dobycha Krasnoyarsk 33 Severo-Eniseyskaya Str., 660075, Krasnoyarsk, Krasnoyarsk Territory Natural gas, gas condensate, and oil production 100 %
22 ООО Gazprom dobycha Kuznetsk 4 Oktyabrsky pr., Kemerovo, Russia Searching for, exploring, and producing methane from coal beds and other hydrocarbons 100 %
23 ООО Gazprom dobycha Nadym 1 Zvereva Str., 629730, Nadym, Yamalo-Nenets Autonomous Area, Russia Hydrocarbons production 100 %
24 ООО Gazprom dobycha Noyabrsk 20 Respublika Str., 629806, Noyabrsk, Yamalo-Nenets Autonomous Area, Russia Hydrocarbons production 100 %
25 ООО Gazprom dobycha Orenburg 11 60-let Oktyabrya Str., 460021, Orenburg, Russia Hydrocarbons production and refining 100 %
26 ООО Gazrpom dobycha Urengoy 8 Zheleznodorozhnaya Str., 629307, Novy Urengoy, Yamalo-Nenets Autonomous Area, Russia Hydrocarbons production 100 %
27 ООО Gazprom dobycha shelf 65 Novocheremushkinskaya Str., 117418, Moscow Developing hydrocarbon fields on the continental shelf 100 %
28 ООО Gazprom dobycha Yamburg 9 Geologirazvedchikov Str., 629300, Novy Urengoy, Yamalo-Nenets Autonomous Area, Russia Hydrocarbons production 100 %
29 ZAO Gazprom zarubezhneftegaz 8 building 1, Stroiteley Str., 117317, Moscow Exploring and developing oil and gas fields in foreign countries as well as carrying out foreign trade 100 %
30 ООО Gazprom invest Vostok 22 Shevchenko Str., 680000, Khabarovsk, Khabarovsk Territory Designing, constructing, and commissioning gas facilities as well as construction works 100 %
31 ООО Gazprom invest Zapad 6A Tobolskaya Str., 194044, St. Petersburg, Russia Designing, constructing, and commissioning gas facilities as well as construction works 100 %
32 ZAO Gazprom invest Yug 8 building 1 Nauchny proezd, 117246, Moscow Construction and assembly works, engineering activities 100 %
33 OOO Gazprom investproekt 33 Arkhitektora Vlasova, Moscow Investing funds into projects and managing projects in the electric power industry 100 %
34 OOO Gazprom investkholding
 

 

 15 Stroitelnaya, 142770, Vidnoe, Leninsky rayon, Moscow  region Investment and financial activities 100 %
35 OOO Gazprom inform 13 building 3, Bolshaya Cheremushkinskaya Str., 117447, Mocow Unified service IT-company 100 %
36 OOO Gazprom kapital 95 building 1 Varshavskoe shosse, 117566, Moscow Raising funds for OAO Gazprom by placement of ruble bonds 100 %
37 OOO Gazprom komplektatsiya 8 building 1, Stroiteley Str., 117317, Moscow, Russia Supplying materials and technical resources 100 %
38 OAO Gazprom kosmicheskie sistemy 18B Sakko i Vantsetti Str., 141070, Korolev, Moscow region, Russia Establishing a satellite communications system 79.79 %
39 OAO Gazprom neft 5A Galernaya Str., 190000, St. Petersburg Exploring oil and gas fields, organizing oil and gas production, transportation, and refining, as well as producing oil products, petrochemical and other products 90 %
40 ZAO Gazprom neft Orenburg
 

 

 2/1 Naberezhnaya Str., Orenburg, Russia Oil and APG production and sales from the Orenburgskoye oil and gas condensate field 61.8 %
41 OOO Gazprom neft shelf 65 Novocheremushkinskaya Str., 117418, Moscow Developing oil and gas fields 100 %
42 OOO Gazprom okhrana PSC
 

 

 8 building 1, Stroiteley Str., 117317, Moscow Providing security services 100 %
43 OOO Gazprom pererabotka 16 Ostrovsky Str., 628425, Surgut, Khanty-Mansi Autonomous Area, Tyumen region, Russia Hydrocarbons refining 100 %
44 OOO Gazprom podzemremont Orenburg 60A Donguzskaya Str., 460027, Orenburg, Russia Providing services related to the repair, upgrade, reconstruction, technical refurbishment, abandonment, and conservation of all kinds of wells 100 %
45 OOO Gazprom podzemremont Urengoy 52 G Naberezhnaya, 629300, Novy Urengoy, Yamalo-Nenets Autonomous Area, Russia Providing services related to the repair, upgrade, reconstruction, technical refurbishment, abandonment, and conservation of all kinds of wells 100 %
46 OAO Gazprom promgaz 6 Nametkina Str., Moscow, Russia Carrying out the unified scientific and technical policy in the field of energy saving and gasification 98.71 %
47 OOO Gazprom UGS 101, p. Gazoprovod, Leninsky rayon, Moscow region, Russia Complex services for natural gas storage 100 %
48 OOO Gazprom razvitiye 69 Novocheremushkinskaya, Moscow, Russia Searching for and organizing the development of new projects, optimizing investments, and bringing down operational risks and costs of OAO Gazprom’s companies in Russia and abroad 100 %
49 Gazprom Sakhalin Holdings B.V. 1071 NV, Amsterdam, de Lairessestraat 77, The Netherlands Investment activities and asset management 100 %
50 OOO GAZPROM SBYT UKRAINE 26-V Artem Str., Kiev, Ukraine Supplying natural gas at non-regulated tarrif 100 %
51 OOO Gazprom svyaz 16 Nametkina Str., 117997, Moscow Operation of OAO Gazprom’s technological communications network as well as data transmission networks 100 %
52 OOO Gazprom szhizhenny gaz (Liquified Gas)
 

 

 53A Dubravnaya Str., Kazan, the Republic of Tatarstan, Russia Supplying and selling liquefied natural gas, filling gas cylinders with liquefied natural gas, as well as repairing and carrying out technical examination of gas cylinders 100 %
53 OOO Gazprom sotsinvest 20 A Aptekarskaya naberezhnaya, 197022, St. Petersburg Design, construction and operation of social facilities 100 %
54 OOO Gazprom torgservis 16 Nametkina Str., 117997, Moscow, Russia Selling food products and consumer goods 99 %
55 OOO Gazprom transgaz Volgograd 58 Raboche-Krestiyanskoe Str., 400074, Volgograd Gas transportation 100 %
56 OOO Gazprom transgaz Ekaterinburg
 

 

 14 Klara Tsetkin Str., 620000, Yekaterinburg, Russia Gas transportation 100 %
57 Inostrannoe chastnoe predpriyatie Gazprom transgaz Zapad 22 V. Khoruzhy, 220123, Minsk,  The Republic of Belarus Gas transportation 100 %
58 OOO Gazprom transgaz Kazan
 

 

  41 Adelya Kutuya Str., Kazan, The Republic of Tatarstan Gas transportation 100 %
59 OOO Gazprom transgaz Makhachkala O. Bulacha Str., 367030, Makhachkala, the Republic of Daghestan, Russia Gas transportation 100 %
60 OOO Gazprom transgaz Moscow 101 p. Gazoprovod, Leninsky rayon, Moscow region, Russia Gas transportation 100 %
61 OOO Gazprom transgaz Nizhny Novgorod
 

 

 11 Zvezdinka, 603950, Nizhny Novgorod, Russia Gas transportation 100 %
62 OOO Gazprom transgaz Samara 20 Eroshevskogo Str.,
443 086, Samara		 Gas transportation 100 %
63 OOO Gazprom transgaz Saint Petersburg 3 Varshavskaya, 196128, St. Petersburg, Russia Gas transportation 100 %
64 OOO Gazprom transgaz Saratov 118A 50-let Oktyabrya pr.,
410052, Saratov		 Gas transportation 100 %
65 OOO Gazprom transgaz Stavropol 6 Oktybr revolutsiya, Stavropol, Stavropol Territory, Russia Gas transportation 100 %
66 OOO Gazprom transgaz Surgut 1 Universitetskaya, 628412, Surgut, Khanty-Mansi Autonomous Area -Yugra, Tyumen region, Russia Gas transportation 100 %
67 OOO Gazprom transgaz Tomsk 9 Frunze pr., 634029, Tomsk, Russia Gas transportation 100 %
68 OOO Gazprom transgaz Ufa 59 Rikhard Zorge, 450054. Ufa, the Republic of Bashkortostan, Russia Gas transportation 100 %
69 OOO Gazprom transgaz Ukhta 39/2 Lenina pr., 169300, Ukhta, the Komi Republic, Russia Gas transportation 100 %
70 OOO Gazprom transgaz Tchaikovsky 30 Primorsky bulvar, Chaykovsky, Perm Territory, Russia Gas transportation 100 %
71 OOO Gazprom transgaz Yugorsk  15 Mir Str., 628260, Yugorsk, Khanty-Mansi Autonomous Area -Югра, Tyumen region, Russia Gas transportation 100 %
72 OOO Gazprom transgaz  Kuban 53 Shosse Neftyanikov Str., 350051, Krasnodar, Russia Gas transportation 100 %
73 Gazprom Finance B.V. 1 Lokateplikade, 1076AZ, Amsterdam Investment activities and asset management 100 %
74 ООО Gazprom tsentrremont 1 Moskovskaya Str., 141100, Shchelkovo, Moscow  region, Russia Works related to the overhaul, reconstruction, and technical refurbishment of electric power and heat equipment 100 %
75 Gazprom EP International B.V.
 		 Prins Hendriklaan 28, 1075BD Amsterdam, the Netherlands
Investment activity, managing assets located abroad  in the extraction of hydrocarbons

 100 %
76 OOO Gazprom expo 27 building 2 Obrucheva Str., 117630, Moscow
Information, advertising, and analytical services for  OAO Gazprom’s scientific and technical, production and management activity

 100 %
77  OOO Gazprom export 9 Strastnoy bulvar, 127006, Moscow, Russia Foreign trade 100 %
78 OOO Gazprom enrgoholding 101 building 3 Vernadsky pr., Moscow, Russia
Carrying out investment activities and asset management in electric power business

 100 %
79 OOO Gazprom energo 8 building 1,Stroiteley Str. 117939, Moscow, Russia Implementing projects to construct power stations in Russia, CIS countries, Baltic states, and Far Abroad countries as well as taking part in establishing its own energy base 100 %
80 OAO Gazprom-Yuzhnaya Osetia 18, Stalina Str., Tskhinval, Republic of South Osetia Gas transportation 75 % + 
1 share
81 ZAO Gazprom URGM Developmet 43, building A, Sverdlova Str., 629007,  Salekhard, Yamalo-Nenets Autonomous Area Supplying (selling) natural gas and gas condensate as well as rendering natural gas transportation and storage services 75 %
82 ZAO Gazprom URGM Traiding 22, Lenina Str.,629380, Krasnoselkup, Krasnoselkupsky district, Yamalo-Nenets Autonomous Area Producing and selling natural gas, gas condensate, and oil as well as rendering natural gas transportation and storage services 75 %
83 GPB (ОАО) 16 building 1, Nametkina Str., 117420, Moscow All types of banking services 41.7252 %
84 ООО Gazpromviet 1,Stroiteley Str. 117939, Moscow8 building, Russia Geological exploration as well as oil and gas production, transportation, and refining 51 %
85 ОАО Gazprom Geophysica Neftegasosyemky Str., Ramenskoye, Ramensky district, Moscow Region, Geophysical survey of wells and organizing the production of new technical developments for geophysical survey of wells 51 %
86 ООО GazpromPurInvest 13 building 1,Donskaya Str.,119049, Moscow Investment activity 99.99 %
87 ООО Gazpromtrans 16, Nametkina Str.,117997, Moscow, Russia Rendering railway transportation and forwarding services 100 %
88 ОАО Gazpromtrubinvest 1, Magistralnaya Str., Volgorechensk, Kostromskaya Region, Russia Producing and selling pipes 99.87 %
89 ZAO Gaztelecom 17-A, Krivorozhskaya Str., Moscow, Russia Technical refurbishment and upgrade of OAO Gazprom’s departmental communications network at the expense of commercial usage of idle telecommunications facilities 100 %
90 АО Gaztransit 26-В, Artema Str., 04053, Kiev, Ukrain Gas transportation 40.22 %
91 АО Gasum (Gasum Oy) 1, Miesteniye, 02150 Espoo, Finkand Transportation and sales of natural gas in the Finnish market 25 %
92 ООО Gazflot 12a, Nametkina Str., 117420, Moscow, Russia, Sea transportation and sea fields development 100 %
93 ООО Georesources  37 building 2 office 56, Vernadsky Av.,119 415, Moscow Geophysical activities 100 %
94 ОАО Giprogaztsentr 26,Alekseevskaya Str., Nyzhny Novgorod, Russia Project support to OAO Gazprom’s companies 51 %
95 ОАО  Giprospetsgaz 16/13, Suvorovsky Av., 191036 Sankt-Petersburg Russia Developing long-term gas construction programs and carrying out technological design activities 60 %
96 BSPС B.V.
 		 Strawinskylaan 845, 1077ХХ Amsterdam, Netherlands Construction and operation of the Blue Stream gas transportation system 50 %
97 ZAO Horizon Investment Company 7 building 1, Stroiteley Str., 119311, Moscow Operations in the security market 38.89 %
98 ZAO Horizon Holding 71/32, Novocheremushkinskaya Str., 117420, Moscow Investment and consulting activities 35 %
99 ОАО Daltransgaz 108, Kalinina Str., 680028 Khabarovsk, Khabarovsky Region, Russia Gas transportation 88 %
100 ООО Ditangaz 9, Larina Str.,603152, Nizny Novgorod Carrying out the development and assembly of smoke analyzers 68 %
101 ОАО Druzhba Rogozinino, Naro-Fominsky district, Moscow Region, Russia Organizing hotel, health, and recovery services 75.96 %
102 EuRoPol GAZ А.О. 61, Stanuv Zyednochenykh Al.04-028 Warsaw, Poland Construction and operation of the Yamal-Europe gas transportation system in Poland 48 %
103 ОАО Zapsibgazprom 19, Pervomayskaya Str.625000, Tyumen, Tyumen Region, Russia Gazification, construction works, production of construction materials 76.69 %
(0.187%)
104 INTERCONNECTOR (UK) LIMITED 41 Vine Street, London ЕС3N 2AA, United Kingdom Operation of the Interconnector gas pipeline between United Kingdom and Belgium 10 %
105 ТОО KazRosGaz 71, Zenkova Str. 050010, Almaty, Kazakhstan Transporting and refining Kazakh gas at the Orenburg GPP, sales of refined products 50 %
106 ООО Caspian Oil Company 10, Governor A. Guzhvin Av.,414014, Astrakhan Carrying out survey and exploration of oil and gas fields as well as geological exploration work (at the Severo-Kaspiysky licensed area) 0.216 %
107 ZAO Kaunasskaya teploficatsionnaya elektrostantsiya 147, Taikos Av., ЛТ-51142  Kaunas,Lithuania Generating and distributing electric power 99.496 %
108 ОАО Krasnoyarskgazprom 1, Kurchatova Sq., 123182, Moscow, Russia Geological and drilling works 75 %
109 ОАО Lazurnaya 103, Kurortny Av.,354024, Sochi Designing, funding, and completing the construction of the Lazurnaya hotel complex 99.69 %
110 АО Latvijas Gaze 20, Vagonu Str., LV-1009, Riga, Latvia Natural gas purchase, transportation, distribution and storage in Latvia 34 %
111 АО Lietuvos dujos 24, Aguonu Str. LТ-03212, Vilnus, Lithuania Natural gas purchase, transportation and distribution in Lithuania 37.06 %
112 ООО International Gas Consortium 6, B. Kmelnitsky Str. 01001, Kiev, Ukrain Ensuring the reliability of natural gas transportation and optimizing natural gas transportation routes through Ukraine 50 %
113 ООО Gazprom mezhregiongaz 101, settlement Gazoprovod, 142770, Leninsky District, Moscow Region Sales of natural gas to all of consumer categories in Russia 100 %
114 АО Moldovagaz 38, Albishoara Str.,2005, Kishinev, Moldova Transportation and sales of natural gas in the Republic of Moldova 50 %
115 АООТ  Mospromagrotorgdom (OAO Promagrokontrakt) 24, Smolnaya Str.,125195, Moscow Assisting companies and enterprises with the supply of materials, raw materials, and fuel 11.1 %
116 ООО NIIgazekonomika 20 building 8, Staraya Basmannaya Str.,105066, Moscow Scientific and technical activities 100 %
117 ООО NGCC (OOO Novy Urengy Gas Chemical Complex) 2a, Yuzhnaya Str.,Novy Urengoy, Tyumen Region, Yamalo-Nenets Autonomous Area Construction of gas chemical complex 100 %
118 Nord Stream AG Switzerland,  6304,  Zug, Grafenauweg 2 Design, construction and operation of the Nord Stream pipeline 51 %
119 АО Overgas Inc. 5, Philipp Kutev Str., Sofia, Bulgaria Construction and operation of transit and trunk gas pipelines in Bulgaria 0.49 %
120 ОАО ORFIN
(OAO Orenburgs Finance Company)		 2, Tsentralnaya Str., 461307 settlement Prigorodny, Orenburgsky district, Orenburgskaya Region Organizing, funding, and implementing investment programs as well as organizing operations in the financial and stock market 33.7 %
121 ООО Podzemgazprom 8 building 1,Stroiteley Str. 117511, Moscow, Russia Research and project activities 100 %
122 ООО NPC Podzemhydromineral Science and Production Center 40, Bolshaya Semenovskaya Str., 107023, Moscow, Russia Research and implementing projects in the field of production and efficient usage of hydrocarbon and mineral raw materials as well as organizing the production process to extract valuable components from hydrocarbon and mineral raw materials 100 %
123 ООО Projekt Finance 95 building 1, Warshavskoye highway, 117566, Moscow Investing capital into securities as well as rendering consulting and marketing services 100 %
124 ОАО Prometey Sochi 3, Sledopytov Str.,354002, Razdolnoye, Sochi Taking part in social and economic development of the Black Sea resort area in the Krasnodar territory. Construction 25 %
125 ZAO Regionreestr Business Center, p/o Kommunarka, settlement Gazoprovod, Leninsky district, Moscow Region Maintaining and keeping shareholder registers 18.18 %
126 ROSUKRENERGO AG Bahnhofstrasse 7, CH-6300 Zug, Switzerland Trading natural gas 50 %
127 ZAO Rosshelf 3 letter-B office 6-N, 6,7, Zemledelcheskaya Str.,197343, г. Sanct-Petersburg Developing gas fields on the shelf in the Arctic seas in Russia 39.505 %
128 South Stream Bulgaria AD 66 mailbox 3 , Pancho Vladigerov boulevard, 1336; Lyulin district, residential complex Lyulin-2, Sofia Design, funding, construction, and operation of a apart of the South Stream pipeline 50 %
129 South Stream Hungary Zrt 31, Nador Str., N-1051 Budapest, Hungary Design, funding, construction, and operation of a apart of the South Stream pipeline 50 %
130 South Stream Greece S.A. Municipality Khalandri in Attika, Greece Design, funding, construction, and operation of a apart of the South Stream pipeline 50 %
131 South Stream Serbia AG c/o Domanda Verwaltungs GmbH, Baarerstrasse 43, 6304 Zug, Switzerland Design, funding, construction, and operation of a apart of the South Stream pipeline 51 %
132 ОАО Severneftegazprom 22, Lenina Str.,629380, Krasnoselkup, Krasnoselkupsky district, Yamalo-Nenets Autonomous Area Natural gas production, preparation and sales from the Yuzhno-Russkoye oil and gas condensate field 40.00045 %
133 ОАО SevKavNIPIgaz 419, Lenin Str., 355035, Stavropol Design and survey works to construct oil and gas complex facilities 51 %
134 ОАО SOGAZ  16 building 1, Bolotnaya Str., 115035, Moscow All types of insurance operations in rubles and foreign currency 3.77 %
135 DOAO Spetsgazavtotrans  OAO Gazprom 182, Votkinskoye highway, 426039, Izhevsk, Udmurtia Construction and capital repairs of gas trunk pipelines, fields development,  motorcar transportation services 51 %
136 ZAO  DRAGA 71/32, Novocheremushkinskaya Str., 117420, Moscow Preparing and maintaining OAO Gazprom’s shareholder register 20 %
137 ZAO STELLA VITAE 15, Danes Str., LT-92117, Klaipeda, Lithuania Trading oil, natural gas, and refined products. Natural gas wholesale trade 30 %
138 ОАО Stroytransgaz 29, Moskovsraya Str., 302030, Orel  Comprehensive construction of oil and gas facilities as well as performing design and survey, diagnostic, construction, investment, and foreign trade activities 0.0006 %
139 ОАО Stroytransgaz-invest 65, Novocheremushkinskaya Str., 117418, Moscow       Investing capital into securities 0.0006 %
140 ООО Surgutstroygaz Construction Company (OOO SK SSG) 16, Ostrovskogo Str., 628418, Surgut, Tyumen Region, Khanty-Mansi Autonomous Area Construction 100 %
141 ООО Temyrukmortrans Seaport, 353500, Temyruk, Krasnodarsky Territory Carrying out sea coastwise and international cargo transportation, towing, wrecking, and supply activities at sea 100 %
142 ZAO RUS-GAZ Trade House 84 building 2, Vernadskogo Av.,119606,  Moscow Organizing retail and small wholesale trade based on branded shops and enterprises 17 %
143 АО Topenergy 35, Nikola Mirchev Str., Isgrev district, Sofia 1113, Bulgaria Supplying and selling natural gas as well as expanding the existing transit gas pipelines 100 %
144 ООО Trans-invest 95 building 1, Warshvskoye higway, 117566, Moscow Investment and consulting activities 100 %
145  Turusgaz A.S. 16/26, Uksup Gadesi Str., 06680 Kavaklydery, Ankara, Turkey Design, construction, and operation of gasification and electric power sector facilities in Turkey 45 %
146 ООО TyumenNIIgiprogaz  2, Vorovskogo Str.,625019, Tyumen Research and project activities 100 %
147 ТОО  Future Fatherland Fund 1/9 building 8, Kremlevskaya embankment, 121019, Moscow Supporting the youth’s innovation activities 96.2 %
148 ZAO Khimsorbent Building 175, Vostochnoye highway 7km+500 m, Vostochny promrajon, Khimmash Dzerzhinsk, Nizhegorodskaya Region, Russia.РФ. Completing the construction, operation of a set of production facilities that produce chemical agents to purify natural gases of sulfur content and carbon dioxide 43.5 %
149 AOZT KhEK (AOZT Khoroshevskaya Energy Company) 9, Gamalei Str.,123182, Moscow Electric and thermal power production and sales 25.9 %
150 ОАО  Tsentrgaz 11, Mendeleevsraya Str., Tula, Russia Construction of trunk gas pipelines, reconstruction and overhaul of gas industry facilities, and gasification of settlements 99.99 %
151 ООО TsentrCaspneftegaz 125, Profsoyuznaya Str., 117647, Moscow, Russia Oil and gas fields exploration 50 %
152 DOAO CKBN
OAO Gazprom		 28, Komsomolsraya Str.,142110,  Podolsk, Moscow Region . Design and construction activities to produce integrated equipment packages for gas and oil facilities 51 %
153 Shtokman Development AG Baarerstrasse 8, 6301 Zug, Switzerland Design, construction financing and operation of the facilities at the Shtokmanovskoye gas condensate field 51 %
154 ООО EACGP
(Ecological and Analytical Center for Gas Industry)		 1,Stroiteley Str. 117939, Moscow8 building, Russia Carrying out various physicochemical work and chemical analysis related to radiation monitoring 100 %
155 AO «Eesti Gaas» 9, Livalaila Str., ул. 10118 Tallinn, Estonia Transportation and sales of natural gas in Estonia 6.38 %
156 YugoRosGaz 8-10, Zmai Iovina, 11000 Beograd, Serbia Design and construction of the gas pipeline system 50 %
157 ОАО YuzhNIIgiprogaz 169-g, Artema Str., 83121 Donetsk, Ukrain Design and survey work with regard to gas industry facilities 40 %
158 ZAO Yamalgazinvest   41 building 1, Vernadskogo Av.,119991,  Moscow Carrying out work to organize the design and construction of gas industry facilities 100 %
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