Gazprom to Consider Liberalization of Market of Its Shares

The Gazprom Board of Directors will consider the question of liberalization of the market of the company's shares as well as the idea of the creation of a free sector of the gas market in Russia today. It will also discuss the problem of providing non-discriminative access to Gazprom's gas transportation system for independent gas producers.

Additionally, the agenda of the meeting of the Board of Directors includes the question of the laying and putting into use of sections of the Yamal-Europe gas pipeline in the territories of Russia and Belarus and the prospects for cooperation between Gazprom and Belgazprombank. It is planned to discuss the implementation of the decisions of the Board of Directors of October 27, 2000 and June 19, 2001 dealing with the company's stake in the Large-diameter Pipe Plant.

The Board of Directors also plans to discuss the cost of the audit of Gazprom's accounting records for 2002 and the possibility of making a deal involving the Gazexport company and Gazprombank.

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