2011

January

The Board of Directors approved the supplementary agreement between Gazprom and the Bank of New York Mellon to reduce the number of the Company's ordinary shares representing one American Depositary Receipt (ADR) from four to two.

Gazprom signed agreements with the Japanese Agency for Natural Resources and Energy to promote cooperation in the Far East.

Dalneye GDS in Yuzhno-Sakhalinsk

Dalneye GDS in Yuzhno-Sakhalinsk

Gazprom and SOCAR agreed on purchasing more gas in 2012 above the amount set previously.

February

The Board of Directors resolved to convene the annual General Shareholders Meeting of Gazprom on June 24, 2011 in Moscow.

Gazprom reported its consolidated interim condensed financial results under the International Financial Reporting Standards for the nine months ended September 30, 2010.

The Company signed:

  • the Farm-out Agreement for Libya's Elephant oil project Production Sharing Agreement with Eni;
  • the Cooperation Agreement for 2011 with Saint Petersburg;
  • the Cooperation Agreement for 2011–2013 with the Khanty-Mansiysk Autonomous Okrug.

A Consortium between YUZHNIIGIPROGAZ and GASTEK BG was selected as the contractor to perform the feasibility study for South Stream construction in Bulgaria.

The second CBM-fired reciprocating-engine power station was commissioned in the Taldinskoye field, Kemerovo Oblast.

The Company completed construction of the Gryazovetskaya compressor station, a key facility of the Gryazovets gas transmission hub.

Russian, European and Ukrainian experts took part in the roundtable discussion “European Energy Sector Pressing Challenges”.

Topical European Energy Issues round table discussion

Topical European Energy Issues round table discussion

Severneftegazprom elected Stanislav Tsygankov as Director General.

Valery Gulev was appointed as Director General of Gazprom EP International B.V.

March

The Company signed:

  • Cooperation Agreement for 2011–2012 with the Vologda Oblast;
  • Cooperation Agreement with the Komi Republic;
  • Agreement on Gas Supply between Gazprom and LUKOIL;
  • Memorandum stipulating possible development of additional blocks in the Achimov deposits of the Urengoy field. Pursuant to the document, Gazprom will receive equivalent stakes in Wintershall's exploration and production projects in the North Sea;
  • Memorandum of Understanding between Gazprom and Wintershall providing for participation of Wintershall Holding in constructing the South Stream gas pipeline offshore section;
  • Agreement between Gazprom and Geoplin Plinovodi on setting up joint project company South Stream Slovenia to implement the South Stream project in Slovenia.

Top-priority facilities for gas supply to and gasification of the Sakhalin Oblast were put into operation.

Construction of Dalneye gas distribution station, an inter-settlement gas pipeline and a gas distribution point in the Sakhalin Oblast were finished.

Municipal CHPP-1 in Yuzhno-Sakhalinsk

Municipal CHPP-1 in Yuzhno-Sakhalinsk

Alexey Miller and Valery Gulev were awarded the Order of Labor (Class I and Class II) of the Socialist Republic of Vietnam.

Alexey Miller was re-elected as Gazprom Management Committee Chairman for another 5-year term starting from May 31, 2011.

Pavel Oderov was appointed as Head of the International Business Department.

April

Gazprom reported its consolidated financial results under International Financial Reporting Standards (IFRS) for 2010.

The Board of Directors:

  • adopted the Program for hydrocarbon resources development on the Russian Federation shelf until 2030;
  • resolved to reschedule the annual General Shareholders Meeting from June 24 to June 30, 2011 as well as to convene the extraordinary General Shareholders Meeting on June 30, 2011;
  • decided to open the Company's representative office in the State of Qatar.

The Management Committee approved:

  • the 2011–2015 Comprehensive Program for Reconstruction and Re-equipment of Gas Transmission and Underground Storage Facilities;
  • the 2011–2015 Comprehensive Overhaul Program for Linear Parts of Gazprom's Gas Trunklines;
  • the 2011–2015 Comprehensive Program for Reconstruction and Re-equipment of Gas and Liquid Hydrocarbons Processing Facilities.

The Company signed:

  • the Agreement with Japan Far East Gas Co. on the joint feasibility study for deployment of a gas liquefaction plant (LNG plant) and a gas chemical complex near Vladivostok;
  • the Agreement with KazMunaiGaz National Company identifying KazRosGaz as the Imashevskoye field operator and the Protocol on the issues surrounding execution of the Intergovernmental Agreement to explore the Imashevskoye field;
  • the Agreement of Cooperation with the Amur Oblast;
  • the Letter of Intent between Gazprom and DONG Energy to establish cooperation in gas-fired power generation.

Gazprom launched production of gas and gas condensate from the Valanginian deposits of the Zapolyarnoye field.

Viktor Belogurov, oil and gas production operator from Gazprom Dobycha Yamburg

Viktor Belogurov, oil and gas production operator from Gazprom Dobycha Yamburg

The PGU-450 combined cycle gas turbine unit at Yuzhnaya CHPP was commissioned in Saint Petersburg.

The employment contract was extended with Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Director General of Gazprom export.

Andrey Tatarinov was elected as Director General of Kovyktaneftegaz.

The festive event was arranged to celebrate the 50th anniversary of the Central Operations and Dispatch Department.

May

The Board of Directors resolved to convene the Annual General Shareholders Meeting on June 30, 2011.

The fundraising deal totaling EUR 1.1 billion was financially closed for the Yuzhno-Russkoye oil, gas and condensate field.

The Dzhubga – Lazarevskoye – Sochi gas pipeline offshore and onshore sections were tied together.

Bigfoot 1 pipelaying vessel

Bigfoot 1 pipelaying vessel

Construction of the Haidach UGS facility, the largest in Austria and the second-largest in Central Europe, was completed.

Haidach underground gas storage facility. Photo by RAG

Haidach underground gas storage facility. Photo by RAG

The following documents were signed:

  • the Memorandum of Understanding to cooperate in the telecommunications sector between Gaztelecom and Comita;
  • the Memorandum of Understanding on the gasification development and on the oil and gas processing facility creation on the Sakhalin Island between Gazprom and the Sakhalin Oblast;
  • the final investment decision on the Katharina UGS facility construction in Germany between Gazprom and Verbundnetz Gas;
  • the detailed action plan to implement the South Stream project in Serbia between Gazprom and the state-owned Srbijagas.

June

Gazprom held the annual and extraordinary General Shareholders Meetings. The extraordinary Meeting elected the new Board of Directors. Viktor Zubkov was elected as Chairman of the Board of Directors.

The Management Committee approved:

  • the Gazprom Innovative Development Program until 2020;
  • the Gas Industry Mineral Resource Base Development Program until 2035.

Gazprom commissioned the following facilities:

  • Dzhubga – Lazarevskoye – Sochi gas pipeline;
  • state-of-the-art power unit at CHPP-26 in Moscow;
  • ejector unit at the Bernburg UGS facility in Germany.
Ejector unit commissioned by Gazprom and Verbundnetz Gas at Bernburg UGS facility

From left to right: Pavel Tsybulsky, Director General of Gazprom VNIIGAZ, Vlada Rusakova and Uwe Barthel. Photo by VNG / Joerg Singer

Gazprom Global LNG and Sovcomflot signed a long-term lease agreement for ice class LNG carriers.

Gazprom's delegations took part in the 14th Annual General Meeting of the European Business Congress and the St. Petersburg International Economic Forum.

Burckhard Bergmann was appointed as International Affairs Advisor to the Gazprom Management Committee Chairman.

July

The following documents were signed:

  • the Memorandum of Understanding between Gazprom and RWE;
  • the Agreement of Intent with Renova Group;
  • the Agreement of Cooperation between Gazprom and the Kemerovo Oblast.

A delegation of Gazprom paid a visit to North Korea.

The Audit Committee under the Gazprom Board of Directors was formed.

99 per cent of the Sakhalin – Khabarovsk – Vladivostok GTS linear part was welded up.

Welding operations at block valve station of Sakhalin – Khabarovsk – Vladivostok gas pipeline

Welding operations at block valve station of Sakhalin – Khabarovsk – Vladivostok gas pipeline

A decision was made to relocate Gazprom export’s headquarters to Saint Petersburg.

IR magazine Russia & CIS recognized Gazprom as the best company of Russia and the CIS in the investor relations (IR) category.

Gazprom launched a new website entitled Informatorium.

August

Gazprom reported its consolidated interim condensed financial results under International Financial Reporting Standards (IFRS) for the three months ended 31 March 2011.

Preparations for feeding gas into the Nord Stream gas pipeline were completed.

The Prirazlomnaya offshore ice-resistant stationary platform was delivered to the Prirazlomnoye field in the Pechora Sea.

Prirazlomnaya platform

Prirazlomnaya platform

Construction and testing of the Polyarnaya Zvezda and the Severnoye Siyaniye drilling rigs was completed.

Gazprom signed the Agreement for the delivery of 10 Sukhoi Superjet 100/95LR aircraft for Gazprom avia Aviation Company.

Gazprom dobycha Krasnoyarsk was renamed Gazprom geologorazvedka and appointed the specialized subsidiary in charge of arranging and performing geological exploration activities onshore and on the Russian continental shelf.

Saransk hosted the 9th Summer Spartakiada Games of Gazprom.

Medal winners and runners-up of women’s volleyball tournament, Gazprom’s 9th Summer Spartakiada Games in Saransk

Medal winners and runners-up of women’s volleyball tournament, Gazprom’s 9th Summer Spartakiada Games in Saransk

Six sports and recreation complexes built as part of the Gazprom for Children program were opened in Saint Petersburg.

September

The Board of Directors approved the adjusted Investment Program, Budget and Cost Reduction Program for 2011.

The Company started injecting gas into the first string of the Nord Stream gas pipeline.

The Sakhalin – Khabarovsk – Vladivostok GTS first startup complex was commissioned.

Sakhalin main compressor station

Sakhalin main compressor station

The Company signed:

  • the Shareholder Agreement for the offshore section of the South Stream project with Eni, BASF и EDF;
  • the Memorandum of Understanding between Gazprom and North Korea's Ministry of Oil Industry;
  • the Roadmap on the project for natural gas supplies from the Russian Federation to the Republic of Korea between Gazprom and Kogas;
  • the Agreement on Gas Purchase between Gazprom and SeverEnergia;
  • the Program to boost demand for innovative products in the gas industry between Gazprom and RUSNANO;
  • the Sci-Tech Cooperation Program until 2015 between Gazprom and the Yamal-Nenets Autonomous Okrug Government.

Gazprom's delegations took part in the International Investment Forum “Sochi – 2011”; the 10th International Conference for Oil and Gas Resources Development of the Russian Arctic and CIS Continental Shelf “RAO/CIS Offshore 2011”; the 15th International Conference “Sakhalin Oil and Gas 2011”.

Paolo Scaroni and Alexey Miller participating in International Investment Forum “Sochi 2011”

Paolo Scaroni and Alexey Miller participating in International Investment Forum “Sochi 2011”

The 4th Summer Children's Spartakiada Games of Gazprom took place.

October

The Board of Directors approved the Gazprom Environmental Policy.

Gazprom acquired the license for the Kovykta gas and condensate field development.

A new field was discovered within the Mynginskaya geological structure in the Kirinsky prospect of the Sakhalin III project.

Gazprom established the Tax Policy Department headed by Karen Oganyan.

The Company signed:

  • the Sci-Tech Cooperation Agreement between Gazprom and the KhMAO Government;
  • the Memorandum of Understanding between Gazprom and PDVSA to develop the Robalo field in Venezuela;
  • the Memorandum of Understanding between Gazprom, Eurotechnika, Gasunie and BioGazEnergoStroy on the joint project for the development of “green” gas in Russia;
  • the Framework Agreement on asset swap between Gazprom and Wintershall.

The Blue Corridor 2011 motor rally began.

Blue Corridor 2011 motor rally

Orenburg – Samara motor road, October 23, 2011

The first national sports journalism competition named “The Energy of Victories” started as part of the Gazprom 2014 project.

November

Gazprom reported its consolidated interim condensed financial results under International Financial Reporting Standards (IFRS) for the six months ended June 30, 2011.

Commercial gas deliveries through Nord Stream started.

During celebrations dedicated to commissioning of first string of Nord Stream gas pipeline

Gerhard Schroeder, Francois Fillon, Johannes Teyssen, Angela Merkel, Mark Rutte, Dmitry Medvedev, Alexey Miller, Guenther Oettinger, Kurt Bock, Erwin Sellering. Photo by RIA Novosti

Russia and Belarus defined new terms and conditions for gas supply and transmission between 2012 and 2014. Gazprom increased its shareholding in Beltransgaz up to 100 per cent.

The Company signed:

  • the Gasification Accord between Gazprom and Republic of Karelia;
  • the Cooperation Agreement for 2012 between Gazprom and the Yamal-Nenets Autonomous Okrug;
  • the Cooperation Agreement for 2012 between Gazprom and Leningrad Oblast;
  • the Memorandum between Gazprom and Srbijagas, which commits the parties' intent to sign a long-term purchase and sale agreement for natural gas with annual gas supplies around 2 billion cubic meters;
  • the Addendum to the Contract between Gazprom and Beltransgaz on the volumes and terms of gas supplies to the Republic of Belarus and gas transit via its territory between 2007 and 2011.

The South Stream’s first facility – Banatski Dvor underground gas storage (UGS) in Serbia was putted into operation.

The Bednodemyanovskoye underground gas storage (UGS) facility construction started at the border between the Penza Oblast and the Republic of Mordovia.

The Construction of Saint Petersburg’s largest exhibition center started.

Alexey Miller driving first pile in foundation of ExpoForum International Convention and Exhibition Center during celebrations in Saint Petersburg

Alexey Miller during celebrations dedicated to launching construction of ExpoForum International Convention and Exhibition Center in Saint Petersburg

The updated General Scheme for Gas Supply and Gasification of the Volgograd Oblast was approved.

A Gazprom representative office in Rio de Janeiro (Brazil) was opened.

Gazprom delegation participated in the 23rd annual Asia-Pacific Economic Cooperation (APEC) summit.

December

The Board of Directors approved the Investment Program, Budget and Cost Reduction Program for 2012.

Turkey granted a permit for South Stream construction.

Vessels for hydrometeorological and seismic research in Black Sea as part of South Stream project

Vessels for hydrometeorological and seismic research in Black Sea as part of South Stream project

The Company signed:

  • the Roadmap for cooperation in power generation and gas supply between Gazprom and the Federal State of Bavaria;
  • the Strategic Partnership Agreement between Gazprom and Siemens;
  • addendums to contracts on gas supplies to Turkey in 2012 between Gazprom and Botas, which allow increasing supply volumes;
  • the Agreement on the use of natural gas as a motor fuel between Gazprom and Volga Bus;
  • the Cooperation Agreement for 2012 between Gazprom and Saint Petersburg.

Gazprom launched gas and condensate production from the Nydinskaya area in the Medvezhye field.

First Turonian gas was fed into the Unified Gas Supply System from the Yuzhno-Russkoye field.

The environmental management system of Gazprom was certified for compliance with ISO international standards.

The Gazprom delegation participated in the 20th World Petroleum Congress in Qatar.

Berlin hosted the 25th meeting of the European Business Congress Presiding Committee under the leadership of Alexey Miller.

Winners of the Gazprom 2011 Science and Technology Prize were awarded.

Gazprom hosted a traditional annual meeting of the Company’s top executives and chief editors of regional mass media.

Alexey Miller at traditional annual meeting with chief editors of regional mass media

Alexey Miller at traditional annual meeting with chief editors of regional mass media