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Gazprom to boost small-scale LNG production in Russia
Yekaterinburg hosted today a circuit session of the Gazprom Science & Technology Council's Workshop on Efficient Distribution and Utilization of Gas and Other Energy Resources. The session addressed the development of a regulatory framework for small-scale production, storage and utilization of liquefied natural gas (LNG).

South Stream is estimated to cost EUR 15.5 billion
It is currently forecast that the upward gas demand trend will continue in the long run. In particular, after 2020 the 'blue fuel' consumption in Europe is expected to surpass 600 billion cubic meters, while indigenous production will decline by half. Accordingly, South Stream will provide one of the few real opportunities to tackle the challenges related to overcoming the lack of energy carriers and maintaining the energy security in Europe.

Gazprom, Naftogaz Ukrainy and Rosukrenergo sign agreements to settle gas issues
Gazprom, NAK Naftogaz Ukrainy and Rosukrenergo AG signed a set of agreements to settle several outstanding issues related to interaction in the gas sector.

Gazprom and Shell agree to pursue broader cooperation
Alexey Miller, Chairman of the Gazprom Management Committee, and Peter Voser, Chief Executive Officer of Royal Dutch Shell plc, signed a protocol on strategic global cooperation. This agreement establishes basic guidelines for the companies’ broader collaboration.

CB&I Awarded Feed Contract for Shtokman LNG Export Terminal Project
CB&I (NYSE: CBI) announced today that CB&I Lummus has been awarded a contract for the front-end engineering & design (FEED) services for the Shtokman LNG storage and loading facility at the sea port in Terriberka in the Murmansk region of the Russian Federation. The sea port is part of the Shtokman Gas-Condensate Field Development Project developed by Gazprom Dobycha Shelf LLC, a fully owned subsidiary of Gazprom JSC. CB&I's contract, which is scheduled for completion in 2011, has been awarded by Giprospetsgas JSC, the project general designer. The value of the contract was not disclosed.

Total announces a new partnership with Gazprom in Bolivia
Total announces the signature of a farm out agreement with Gazprom for the transfer of a 20% interest in the Ipati and Aquio licenses in Bolivia. Subject to the Bolivian authorities’ approval, the partnership on these licenses will be constituted by Total (60%, operator), Tecpetrol (20%) and Gazprom (20%).

Gazprom and CNPC sign Extended Major Terms of Gas Supply from Russia to China
In furtherance of the accords reached earlier Alexey Miller, Chairman of the Gazprom Management Committee and Jiang Jiemin, President of China National Petroleum Corporation signed today in Beijing, as part of the official visit to China by Russian President Dmitry Medvedev, the Extended Major Terms of Natural Gas Supply from Russia to China.