The Gazprom headquarters hosted today a working meeting between , Chairman of the Company's Management Committee and Peter Voser, Chief Executive Officer of Royal Dutch Shell.

They also addressed the joint efforts of Gazprom and Shell within the Protocol on Strategic Global Cooperation and highlighted the companies' success in the global energy market.

Background

Shell is a British-Dutch petroleum company focused on hydrocarbons production, processing and marketing in over 90 countries of the world.

(Royal Dutch Shell, Mitsui & Co., and Mitsubishi Corporation), the Sakhalin II project operator, signed the Purchase and Sale Agreement under which Gazprom acquired a stake of 50 per cent plus one share in Sakhalin Energy.

As part of the project, Russia's first LNG plant was commissioned in early 2009 paving the way for Russian LNG exports to foreign consumers. In 2010 the plant reached the design capacity of 9.6 million tons per annum.

On November 30, 2010 Gazprom and Shell signed the Protocol on Global Strategic Cooperation providing for a wider interaction of the companies in hydrocarbons exploration, production, processing and distribution in Russian and international energy markets.

and Shell signed the Basic Terms and Conditions of the Agreement which stipulates the study of possible ways to create a joint venture to deliver joint projects in Western Siberia, other Russian regions and in third countries.

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