June 28

Leadership and Efficiency
Keynote statement by Alexey Miller

“Gazprom implements new projects.

In 2012 an Investment Rationale was carried out and a final investment decision was made for the LNG plant near Vladivostok. The project stipulates building a plant with an annual capacity of 10 million tons of LNG, to be possibly increased to 15 million tons. The first process train is to be put onstream in 2018. Gas from the Sakhalin, Yakutia and Irkutsk gas production centers will be the resource base for the LNG plant.

The Baltic LNG project is in full swing. An Investment Rationale and a comprehensive Action Plan are at the initial stage, a feasibility study of possible construction options is in progress.

In 2012 we enriched our experience in the LNG market through swap deals and other transactions. Gazprom Group sold 22 LNG cargoes with a total volume of 1,440 million tons. Nowadays we supply liquefied natural gas to 10 countries worldwide. LNG supplies from the Sakhalin II project and our LNG supplies as part of trading operations currently amount to 5 per cent of the global market.

Our goal is to account for around 15 per cent of the global LNG market."

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