EGF Gazprom Monitor, Issue 13, May-June 2012

A Snapshot of Key Developments in the External Relations of the Russian Gas Sector1 Key points:

• Gazprom Chairman of Board of Directors Viktor Zubkov and CEO Alexei Miller retain their positions as the Gazprom Annual General Shareholders Meeting elects a new Board of Directors and approves record dividends of 8.97 Roubles per share
• Gazprom"s Annual General Shareholders Meeting also approves Gazprom"s Annual Report 2011, which marks a record-breaking year for additions to gas reserves, sales revenues, net profits, and investment in the gasification of Russia"s regions
• The first string of Nord Stream reaches full capacity. Construction of the second string was completed in April, with deliveries scheduled to begin in October