Euromoney (Project Finance magazine) named the Blue Stream project as a European deal of the year. The award was presented due to the technical complexity of the project and a unique security system of the gas pipeline running on the seabed of the Black Sea.

For first time in Russian oil and gas industry tunnels incorporated to gas pipeline’s onshore section are built through mountains

For first time in Russian oil and gas industry tunnels incorporated to gas pipeline’s onshore section are built through mountains

A feasibility study was prepared for constructing the gas pipeline from Russia to Europe via Finnish territorial waters under the Baltic Sea. The project is designed for conveying Russian gas from the Shtokman field located on the Barents Sea shelf.


Intensive activities were carried out to develop the Zapolyarnoye gas and condensate field that is a part of the Yamal group of fields. During the first five-year of operation Gazprom plans to allocate RUB 40 billion for gas production. The field is scheduled for commissioning in September 2001.

Zapolyarnoye field infrastructure
Zapolyarnoye field infrastructure

Zapolyarnoye field infrastructure

Gazprom participated in the presentation of a new Ka-226 helicopter upgraded in accordance with the gas industry needs. These helicopters will be purchased for replacing the aircraft fleet of the Company.


The Board of Directors meeting was held. The Board took a decision to relieve Rem Vyakhirev of his duties as Chairman of the Gazprom Management Committee due to the expiry of his labor contract. Alexey Miller was elected as a new Chairman of the Gazprom Management Committee. Prior to his nomination Alexey Miller occupied the position of Deputy Energy Minister of the Russian Federation.


The Gazprom’s regular annual Shareholders Meeting was held. The Meeting approved the Gazprom’s 2000 Annual Report as well as the proposed changes to the Company's Charter (27 changes in total). The Meeting elected a new Board of Directors. On the first session of the Board Rem Vyakhirev was elected as Chairman of the Gazprom Board of Directors and Dmitry Medvedev became Deputy Chairman of the Gazprom Board of Directors.


Gazprom, Rosshelf and Rosneft signed the Agreement of Cooperation providing for the development of the Prirazlomnoye oil field located on the Pechora Sea shelf.


For the first time Russian gas was delivered through the Yamal – Europe gas pipeline system to the Netherlands.

The following documents were signed:

  • the Agreement with Rosneft on joint development of five major fields located in the Yamal-Nenets Autonomous Area and on the Barents Sea shelf, namely the Kharampurskoye oil, gas and condensate field, Vyngayakhinskoye gas and oil field, Etypurovskoye oil and gas field, Prirazlomnoye oil field as well as Shtokman gas and condensate field;
  • the Agreement of Cooperation with the Russian Olympic Committee. Alexey Miller, Chairman of the Gazprom Management Committee presented a USD 600 thousand cheque to Leonid Tyagachev, President of the Russian Olympic Committee.

The Yamal-Nenets Autonomous Area hosted celebrations dedicated to the Zapolyarnoye oil, gas and condensate field commissioning. According to gas reserves estimates, the Zapolyarnoye field is on the fifth place in the international rankings of the discovered gas fields. Its annual design capacity is 100 billion cubic meters of gas.

Zapolyarnoye gas and condensate field

Zapolyarnoye gas and condensate field


In compliance with the decision of the Cheremushkinsky Intermunicipal Court of Moscow dated May 4, 2001, the share package comprising a 25 per cent stake in NTV-Plus, TNT-Teleset and Seven Days Publishing House was transferred to Leadville Investments Limited, subsidiary of Gazprom-Media.

The Government of the Russian Federation and the Government of the Republic of Kazakhstan signed a 10-year Agreement of Cooperation in the gas sector. From the Russian side, Gazprom was authorized to fulfill the Agreement.


The Gazprom headquarters hosted an official meeting of employees and veterans of the gas industry devoted to production of 10 trillion cubic meters of natural gas.

Alexey Miller, Chairman of the Gazprom Management Committee was elected as a Member of the Management Bureau of the Russian Union of Industrialists and Entrepreneurs.