Open Joint Stock Company Gazprom

RosneftWithin the framework of an agreement entered into by Gazprom and Rosneft on 4 October 2001to create a joint venture company for the development of Kharampurskoe, Prirazlomnoe andShtokmanovskoe fields, work is being carried out on the Kharampurskoe field project.Novy Urengoy Chemical ComplexThe Novy Urengoy Chemical Complex was designed in cooperation with Salzgitter Anlagenbauand Linde, with some BASF participation.The Novy Urengoy Chemical Complex will process 1.62 million tonnes of de-ethanised naturalgas a year, yielding 340 thousand tonnes of ethylene to be used as feedstock for 300 thousand tonnesof high pressure polyethylene. By-products will include 280 thousand tonnes of long distillate of lighthydrocarbons as well as up to 920 thousand tonnes of annual methane gas production.Other Joint VenturesIn addition to its activities in Germany, Gazprom has also established further joint ventures totransport and market natural gas in other European markets. In certain countries, Gazprom'ssubsidiaries or affiliates also distribute natural gas. Gazprom's strategy of acquiring equity participationsin gas transportation companies and gas marketing companies, which has been successfullyimplemented in Germany, has also been applied in other European markets. In Finland, Gazpromacquired a 26% interest in the national gas distribution system in 1994 through the formation of Gasum,a joint venture with Neste (now Fortum). Gasum is the sole distributor of natural gas in Finland and issupplied exclusively by Gazprom. In Poland, Europol Gaz, a joint venture in which Gazprom has a 48%interest, is engaged in the construction of the Polish section of the Yamal-Europe Project. Postcompletion, Europol Gaz will own the Polish section of the transit pipeline and transport Russian naturalgas to Germany. The following table summarises the main natural gas transportation and marketing jointventures in which Gazprom, or Gazexport, participated in other European markets as at 31 December2001:Country Entity Interest Joint Venture Partner DescriptionAustria GWH Gas und 50% OMV Gas marketing and general trading companyWarenhandelsgesellschaftBulgaria Overgaz 50% Overgaz Gas transportation and marketing of Russiannatural gas in Balkan countriesFinland Gasum 25% Fortum Oy, Ruhrgas, Gas transportation and marketingThe State of Finland,Finnish companiesFrance FRAGAZ 50% Gaz de France Gas trading and general trading activitiesGreece Prometheus Gas 50% Copelouzos Group Gas marketing and natural gas transportmanagementHungary Panrusgaz 31% MOL Gas marketingItaly Promgas 50% SNAM Gas marketingPoland Europol Gaz 48% PGNiG Gas Trading Transportation, construction, ownership andoperation of the Polish section of the Yamal-Europe projectPoland Gas Trading 16% PGNiG, Bartimpex, Gas and Oil marketingWIEH WenglokoksSlovakia Slovrusgaz 50% SPP Gas transportation and marketing, generaltrading businessTurkey Turusgaz 45% Botas, Gama Gas marketingSource: Gazprom.53