The Gazprom headquarters hosted today a briefing session led by Alexey Miller, Chairman of the Company's Management Committee dedicated to the Company's activities this winter.

Special attention was given to the contracts for gas supply to Ukraine and its transit to Europe.

It was pointed out that today was the sixth anniversary of the Ukrainian Government approving the results of the negotiations on Russian natural gas supply to Ukraine from 2009 to 2019 and on the terms and conditions of its transit via Ukraine to Europe. These historic documents were effective under different Governments in Ukraine. They have determined and will determine the cooperation between Gazprom and Naftogaz of Ukraine in the gas sector until late 2019.

The agreements on the 'winter package' of gas supply to Ukraine were reached in Brussels on October 30. In particular, the 'winter package' offers a temporary discount of USD 100 per one thousand cubic meters of gas. The discount was granted by the Russian Federation Government. At the same time, the 'winter package' is fully based on the terms and conditions of the existing contract for gas supply to Ukraine.

The 'winter package' will expire on March 31, 2015. On April 1 Gazprom and Naftogaz of Ukraine will proceed with their activities according to the contract.

“Gazprom has cooperated and will go on cooperating with Ukraine in accordance with the existing contracts for gas supply and transit,” stated Alexey Miller, Chairman of the Gazprom Management Committee at the session.

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.

Gazprom views its mission in reliable, efficient and balanced supply of natural gas, other energy resources and their derivatives to consumers.

Gazprom holds the world’s largest natural gas reserves. The Company’s share in the global and Russian gas reserves makes up 18 and 72 per cent respectively. Gazprom accounts for 14 and 74 per cent of the global and Russian gas output accordingly. At present, the Company actively implements large-scale projects aimed at exploiting gas resources of the Yamal Peninsula, Arctic Shelf, Eastern Siberia and the Far East, as well as hydrocarbons exploration and production projects abroad.

Gazprom is a reliable supplier of gas to Russian and foreign consumers. The Company owns the world’s largest gas transmission network – the Unified Gas Supply System of Russia with the total length of over 168 thousand kilometers. Gazprom sells more than half of overall produced gas to Russian consumers and exports gas to more than 30 countries within and beyond the former Soviet Union.

About Naftogaz

Naftogaz is the national oil and gas company of Ukraine, which was established in 1998. Headquartered in Kyiv, the company covers a full range of activities in the oil and gas business including: production and refinery; transportation and storage; wholesale trade and distribution as well as technical support.