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Russia: Aleksey Miller to remain CEO of Gazprom


CEP20020628000108 Moscow Interfax in English 1042 GMT 28 Jun 02

[FBIS Transcribed Text]


MOSCOW. June 28 (Interfax)- Gazprom head Alexei Miller will continue to
perform his duties, Dmitri Medvedev, deputy chairman of Gazprom's board of
director, said at a news conference in Moscow on Friday.

    "Miller did not attend the shareholders meeting per doctors'


recommendations. However, he voted with a state-owned stake in the morning. The
board of directors did not discuss staff appointments," Medvedev said.
[Description of Source: Moscow Interfax in English -- non-government information agency known for its aggressive reporting, extensive economic coverage, and good coverage of Russia's regions]

THIS REPORT MAY CONTAIN COPYRIGHTED MATERIAL. COPYING AND DISSEMINATION IS PROHIBITED WITHOUT PERMISSION OF THE COPYRIGHT OWNERS.



Russia: Gazprom ready to dispose of all non-core assets


CEP20020628000064 Moscow Interfax in English 0843 GMT 28 Jun 02

[FBIS Transcribed Text]


MOSCOW. June 28 (Interfax) - Gazprom is ready to get rid of all its non-core assets, board member Alexander Krasnenkov told a Friday news conference in Moscow.
  The company is energetically working in this direction, he added.
  He noted that the issue of selling media assets will be decided before the end of the year.
  Krasnenkov said that Gazprom's investments in non-core assets constitute 10% of the company's balance.
  Gazprom's Vice CEO Boris Yurlov, who also spoke at the conference, said that the company intends to sell non-core assets worth 9 billion rubles in 2002 and 6 billion rubles in 2003.
  The sale of non-core assets and reducing costs is part of Gazprom's short-term development strategy, he said.
  Another of Gazprom's short-term goals is to reach a break-even level on the domestic market.
  Furthermore, the company needs to plan its tax payments more accurately. In 2001, Gazprom paid 238 billion rubles in taxes to all budget levels, Yurlov said.
[Description of Source: Moscow Interfax in English -- non-government information agency known for its aggressive reporting, extensive economic coverage, and good coverage of Russia's regions]

THIS REPORT MAY CONTAIN COPYRIGHTED MATERIAL. COPYING AND DISSEMINATION IS PROHIBITED WITHOUT PERMISSION OF THE COPYRIGHT OWNERS.



Russia: Gazprom seeks larger share for independent gas producers


CEP20020626000293 Moscow Interfax in English 1427 GMT 26 Jun 02

[FBIS Transcribed Text]


 MOSCOW. June 26 (Interfax) - Gas giant Gazprom has called for increasing the share for independent producers in Russia's gas balance from the current 70 billion cubic meters to 120-150 billion cubic meters, deputy chairman Yuri Komarov has said.
  Komarov was speaking at the conference titled "Oil and Gas -2002."
  He said significant investments are required for gas pipeline systems to make them available to independent producers. Russian gas exports outside the CIS are expected to increase up to 170 billion cubic meters by 2008, and "today there is no mechanism that would allow making effective investments in such large facilities as trunk pipelines."
  Komarov said liberalizing gas markets will make gas producers more exposed to risks than consumers. He said that a possible solution to Gazprom's problems might be the establishment of an effective domestic gas market in Russia that "would create better investment conditions."
  Asked whether Gazprom may join the Kovykta project, he said this issue is being discussed and "everything will depend on whether the balance of interests in observed.
  Komarov believes that commercial exports of Russian gas to China are unlikely to continue through the next decade. He quoted Gazprom experts as saying that China has sufficient gas reserves.
  Commenting on the possibility of more fuel supplies to Britain, Komarov said that given favorable conditions, Gazprom will be able to increase gas shipments up to 2.5-3 billion cubic meters in the near future. But this will happen only if the British market is ready for it, he said.

[Description of Source: Moscow Interfax in English -- non-government information agency known for its aggressive reporting, extensive economic coverage, and good coverage of Russia's regions]



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Russia: Gazprom plans to increase gas supplies to Europe 5-10 percent in 2003


CEP20020625000213 Moscow Interfax in English 1253 GMT 25 Jun 02

[FBIS Transcribed Text]


MOSCOW. June 25 (Interfax) - Russian gas giant Gazprom plans to increase gas supplies to Europe 5%-10% in 2003, Andrei Kruglov, head of the Gazprom corporate finance department, said at the conference Russia: Reform and Market Growth, organized by Renaissance Capital.
  He said that an increase in production to 530 bcm per annum in 2003 and improved conditions on the European gas market are the prerequisites for growth in gas supplies.
  As reported earlier, Gazprom exported 126.9 bcm of gas to Europe in 2001 and plans to increase supplies to 130 bcm in 2002.
  After the launch of the large Zapolyarnoye field, production will stabilize at 530 bcm per annum and will be kept at this level for the coming 10 years, Kruglov said.
  He said that Europe will remain a strategic market for the company in the coming years, as the share of imported gas in total consumption in this region will increase from 55% in 2001 to 70% in 2020.
  Speaking about the Russian market, Kruglov said that Gazprom would supply about 323 bcm of gas in Russia in 2002.
  He also added that at the moment Gazprom is actively involved in talks for the sale of its non-core assets and plans to receive about 9 billion rubles in revenue from these sales in 2002.
[Description of Source: Moscow Interfax in English -- non-government information agency known for its aggressive reporting, extensive economic coverage, and good coverage of Russia's regions]

THIS REPORT MAY CONTAIN COPYRIGHTED MATERIAL. COPYING AND DISSEMINATION IS PROHIBITED WITHOUT PERMISSION OF THE COPYRIGHT OWNERS.


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