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Gazpromexport Wins "Downstream Business Of The Year" at the 2005 Platts Global Energy Awards

New York (ots)

In the presence of top energy executives from
around the world, Platts announced Gazpromexport as the winner of the
prestigious "Downstream Business of the Year" prize at this year's
Global Energy Awards. The honor recognizes outstanding performance in
oil refining, oil, LPG, or natural gas transportation and
distribution, marketing, and trading. The criteria for this
competitive award included: financial results, operational
excellence, innovation, safety and environment, and strategic vision.
Gazpromexport's Director General, Alexander Medvedev commented on
the international recognition:
"Gazpromexport is focused on capturing new market and LNG
opportunities, protecting and growing our traditional long-term
wholesale contract business, and addressing increased competition and
liberalized markets.  We are proud to be named "Downstream Business
of the Year" in recognition of our commitment to achieving these
goals."
Gazpromexport, the export arm of the world's largest gas
production company Gazprom, is spearheading the company's global
natural gas and LNG downstream business, while achieving record
sales. Gazpromexport is committed to entering the North American
market through the sale of liquefied natural gas ("LNG") as part of a
strategic initiative by Gazprom to become one of the world's premier
LNG companies. The company launched its commercial LNG business in
September 2005 with the delivery of traded LNG to U.S. customers. 
Additional short-term and mid-term LNG trading activities are ahead,
laying the groundwork for decades of Russian LNG deliveries under the
Gazprom banner. The distinguished "Downstream Business of the Year"
award serves as evidence of Gazpromexport's dedication to outstanding
performance.
About Gazpromexport
Gazpromexport is the world's leading exporter of natural gas.
Among other activities, the company manages the selling of Gazprom's
natural gas to export markets in Europe, accounting for over 25% of
the natural gas consumed in Europe. It supplies gas to 28 countries,
exporting about 4.6 Tcf per year (12.7 Bcf per day). The company is
completing a significant strategic transformation with a new
downstream focus to serve growing market demand in Europe, Asia and
North America.
About the Platts Global Energy Awards
The Global Energy Awards was established in 1999 by Platts, a
world leader in providing energy information and a division of The
McGraw-Hill Companies. The Awards honor outstanding achievement and
vision in the global energy industry. Accepted as the most
prestigious honor in the industry, Platts receives over 200
nominations a year and finalists are selected by an international
panel of judges including national regulators, former heads of major
energy companies, and leading academics and legislators.
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Contact:

Olga Afanasieva
Fax: +7(095)230'24'10
E-Mail: o.afanaseva@gazexport.gazprom.ru

Igor Reichlin
Tel. +49/172/690'55'53
Internet: www.gazexport.ru