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Viktor Zubkov New Gazprom Chairman
First Deputy Prime Minister Viktor Zubkov was elected chairman of the board of Gazprom at the shareholders meeting yesterday, replacing Dmitry Medvedev, who has been elected president of the Russian Federation. Although Zubkov’s appointment has long been expected, there were reports from inside the company that the former prime minister preferred to limit himself to politics and would not accept the Gazprom position. Zubkov promised not to change the development strategy for the company. Economic Development Minister Elvira Nabiullina was also elected to the board, replacing her predecessor on the cabinet German Gref.
Chairman of the management committee of the monopoly Alexey Miller stated at yesterday’s meeting that Gazprom would increase production this year by 2 billion cu. m. to 563 billion cu. m. The additional volume will be used on the domestic market. She said the company’s investment program would be increased proportionally to the rising price of gas, which will amount to an increase of up to 200 billion rubles in the program (to 710 billion rubles) this year, since the company budget was calculated for an average price of $310 per 1000 cu. m., but the current average European price is $400. Miller that Ukraine will pay more than $400 per 1000 cu. m. for its gas next year.
Miller added that an agreement will soon be signed with Slovenia on the Southern Stream pipeline, and an agreement willlater be signed with Austria. Miller said that Gazprom is not negotiating to buy TNK-BP. Deputy chairman of the management council Andrey Kruglov said that the main target of additional investment will be development of the Bovanenkovo and Kharasaveiskoe deposits and the construction of a Bovanenkovo-Ukhta pipeline.
www.kommersant.com
All the Article in Russian as of June 30, 2008
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