OREANDA-NEWS. April 1, 2009. The Board of Directors approved the work being done by Gazprom to get stock exchange trading in natural gas up and running.

At the meeting it was noted that in order to resume operation of the electronic trading platform (ETP) and to launch exchange trading in natural gas in Russia, a relevant resolution had to be adopted by the Government of the Russian Federation.

The Board of Directors tasked the Company’s Management Committee to continue the interaction with federal executive authorities in developing a draft resolution of the Russian Government on exchange and electronic trading in natural gas. The Management Committee was also tasked to prepare and approve a plan of actions for Gazprom to enhance the domestic natural gas market by making provisions for the development of exchange and electronic trading.

The Board of Directors took notice of the data on the implementation of the basic principles of Gazprom’s Financial Strategy under the crisis conditions in the global capital markets.