1st Quarter of 2009

GAZPROM Germania increases natural gas sales by over 40 Percent in the first quarter of 2009

With sales of 207.6 TWh of natural gas during the first three months of 2009 (approx. 60 TWh more than for the same period the previous year), the GAZPROM Germania Group succeeded in increasing its consolidated natural gas sales in the first quarter of the year.

The consolidated turnover in the first quarter of 2009 totalled EUR 5,884.8 million, thus exceeding the figures for the previous year period by approx. EUR 2,876 million.

The consolidated result after taxes achieved as of 31 March 2009 totalled over EUR 163 million. This is an increase of approx. 10 percent compared to the same period the previous year.

ZMB GmbH succeeded in substantially expanding its business operations in Central Asia in the first quarter of 2009. It recorded a noticeable increase in natural gas sales in the first quarter compared to the same period the previous year. Total natural gas sales amounted to 81.4 TWh – more than twice the sales in the first quarter of 2008.

In the first quarter of 2009, ZMB (Schweiz) AG benefited from both increased natural gas purchases and favourable purchase conditions, thus achieving record sales figures. ZMB (Schweiz)’s consolidated natural gas sales totalled 11.4 TWh in the first quarter of 2009, thus exceeding the result for the same period the previous year by 5.1 TWh.

The positive business development of Gazprom Marketing & Trading Ltd (GM&T) continued in the first quarter of 2009. Despite a volatile market, the quarterly targets could be achieved by optimising gas storage and supply contracts. Total natural gas sales by GM&T and GM&T Retail in the first quarter of the current year amounted to 92.4 TWh, exceeding the figures for the same period the previous year by approx. 24 TWh.