Alexey Miller and Vyacheslav Lyubimov signed an Agreement of gas supply development in the Ryazan region

The Chairman of the Management Committee of Gazprom Alexey Miller and the Governor of Ryazan region Vyacheslav Lyubimov have signed an Agreement on gas supply development in the Ryazan region.

The key element of the Agreement is joint elaboration of the gas supply development investment project, which stipulates the following:

• putting into effect gas saving measures in the sphere of natural gas distribution and consumption;
• modernization of a number of gas supply facilities;
• creation of monitoring, diagnostic, control and gas flow metering systems;
• introduction of new equipment and technologies to increase gas use efficiency.

According to the Agreement, the Ryazan region Administration committed to reimburse in full for current gas deliveries to the consumers from the region and local budgets. The following annual budgets will stipulate a special expense item intended for payment for gas deliveries; the item implementation will be supervised by the region Administration. As the Agreement states, gas supply and supply development facilities constructed and commissioned at the expense of Gazprom will be considered the Company’s property.

To strengthen the financial discipline of payment for gas deliveries, the Ryazan region Administration will assist the Company in limiting gas deliveries to non-payers. The parties will be more actively interacting in determining gas delivery limits for the region consumers.

A program of gas and energy saving will be implemented in Ryazan region. The “blue fuel” saved will be directed to gas supply development of the region.

In its turn, Gazprom will ensure natural gas supply to the Ryazan region consumers, taking into account the capability of the United gas supply system and on condition of a 100% payment for current gas consumption and redemption of the existing debt, according to the schedule agreed between the parties.

Information Directorate, OAO Gazprom