Annual General Shareholders Meeting of Gazprom – 2006

Report by Alexey Miller

“The year 2005 has become another year of the hydrocarbons price growth in the global markets. We can assert that the epoch of cheap energy has finalized. The intensified struggle for control over oil and gas resources has been witnessed. The LNG production and marketing infrastructure has undergone aggressive development. This year has been a period of deeper gas market globalization”.

Address by Dmitry Medvedev and Alexey Miller

“In 2005, Gazprom continued evolving into the world-class global energy company. Over the past year, Gazprom has shown impressive capitalization growth rates well above the country-wide and industry-wide average. The share price went up 2.5 times accompanied by an increase of 83 % in the RTS index and an increase of 42 % in the world oil and oil product prices”.