OREANDA-NEWS. The Gazprom Headquarters has hosted a meeting dedicated to extra volumes of gas supply to the Russian Federation power companies. The meeting was moderated by Alexander Ananenkov, Acting Chairman of the Gazprom Management Committee.

Attending the meeting were the following Gazprom Management Committee Members: Bogdan Budzulyak, Head of Gas Transportation, Underground Storage and Utilization Department, Yaroslav Golko, Head of Investment & Construction Department, Vlada Rusakova, Head of Strategic Development Department, Kirill Seleznev, Head of Gas and Liquid Hydrocarbons Marketing and Processing Department, Director General of Mezhregiongaz as well as heads of the Gazprom core business units.

The participants discussed the progress with the Protocol for the working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Anatoly Chubais, Chairman of the Management Board of UES of Russia held in March 2007.

The meeting particularly specified that additional gas volumes will be supplied to Russian power companies based on the “take or pay” principles at the price formula providing the same gas supply profitability for both domestic and foreign markets. Thus, additional volumes of gas supply must not stimulate gas component increase in the Russian energy balance and negatively affect the alternative energy sources usage by domestic power companies.

In the result of the meeting the Gazprom core business units were tasked to sign long-term gas supply contracts with wholesale and generating companies.

Based on the technical opportunity to transport extra gas volumes via the Gazprom gas transmission system, the core business units were tasked to specify a list of UES of Russia’s power stations and yearly needed volumes of gas supply until 2020 in accordance with the General Scheme of power facilities allocation during the period until 2020. Additionally, the core business units were tasked to develop an action plan to provide technical opportunity to transport gas to UES of Russia’s newly commissioned power stations and prepare proposals on financial sources for said activities, gas supply terms and volumes.