OREANDA-NEWS. On March 13, 2007 a Gazprom delegation chaired by Management Committee Deputy Chairman Alexander Medvedev paid a visit to Egypt.

Within the visit, the Gazprom delegation met with Sameh Samir Fahmi, Egypt’s Petroleum Industry Minister, Hani Suleiman Ali, First Deputy Petroleum Industry Minister (Gas), Sherif Ismail, Chairman of EGAS.

The parties discussed the progress and prospects to develop mutual cooperation in the energy sector as well as confirmed tendency towards further cooperation deepening in said sector.

The parties achieved the accords to:

* examine opportunities for joint participation of Gazprom and EGAS in a regular tender round for hydrocarbon exploration and production in Egypt;

* discuss issues relevant to provision of LNG-pipeline gas swaps.

Additionally, the parties agreed that Gazprom will envisage an opportunity to participate in Egypt’s gasification.