Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, signed at the 8th St. Petersburg International Gas Forum the Framework Agreement on the joint design concept (pre-FEED) for the Baltic LNG project.

The signing ceremony took place in the presence of Alexey Miller, Chairman of the Gazprom Management Committee.

The document outlines the next stage of the Baltic LNG project in the lead-up to the FEED stage. During the signing process, the parties noted that the joint feasibility study had been successfully completed.

Notes:

The 8th St. Petersburg International Gas Forum is being held as part of the Russian Energy Week International Forum.

Royal Dutch Shell plc is a British-Dutch oil and gas holding company focused on hydrocarbon production, processing and marketing in more than 70 countries.

In 2017, Gazprom and Shell inked the Heads of Agreement to set up a joint venture for the purposes of implementing the Baltic LNG project and signed the Joint Study Framework Agreement to that effect. The Baltic LNG project envisages the construction of an LNG plant in the port of Ust-Luga, Leningrad Region.

About Gazprom

Gazprom is a global energy company. Its major business lines are geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel as well as generation and marketing of heat and electric power.

About Royal Dutch Shell plc

Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects.