1996
The trading in Gazprom’s shares started at a specialized trading floor of the Federal Stock Corporation.
May
The annual General Shareholders Meeting of RAO Gazprom was held. The meeting adopted a new version of the Company’s Charter and formed a Board of Directors.
September
Contract for gas supplies from Siberia to Italy was signed. Gazprom Export and SNAM (part of Eni Group) achieved accords on potential LNG deliveries to Italy.
The largest European contract for Russian gas supply was signed in Warsaw. Under the contractual terms 250 billion cubic meters of Russian fuel are to be delivered to Poland within 25 years.
October
Gazprom successfully placed 1.15 per cent of its shares in the form of American Depositary Receipts (ADR) on the US and European stock exchanges. The foreign investors demand was five times higher than supply.
November
The first sections of the Yamal – Europe gas pipeline (including a crossing via the Oder River) with a total length of 117.2 kilometers were put into operation in Poland and Germany. This allowed annually exporting 600 million cubic meters of Russian natural gas to Germany. When brought to the nominal capacity, the Yamal – Europe gas pipeline will annually supply 67 billion cubic meters of gas.
December
Gazprom set up a subsidiary company named Mezhregiongaz responsible for gas sales in Russia.
The Zapadno-Tarkosalinskoye gas field was commissioned in the West of Siberia.
