On January 25, 2012 a meeting was held in Moscow between Alexey Zagorovskiy, CEO of Shtokman Development AG (SDAG) and Igor Fyodorov, Governor of Nenets Autonomous Region.

Prospects for the development of cooperation in the areas of mutual interest while implementing the Shtokman project were discussed during the meeting. In particular, the parties exchanged opinions on opportunities to utilize Nenets Autonomous Region potential for logistics and transport support of operations at the Shtokman Gas Condensate Field during the post-FID stage. Interest in regular communication on the matters of further collaboration between the Company and the Region was also confirmed during the meeting.

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