2nd Quarter of 2009

GAZPROM Germania increases revenue by more than 70 percent and boosts natural gas sales by over a third

As of 30 June 2009, GAZPROM Germania GmbH achieved a consolidated result after taxes amounting to EUR 253.7 million.This is an increase of EUR 11.2 million compared to the same period the previous year.

In the first half of 2009, the consolidated revenue achieved by the GAZPROM Germania Group amounted to EUR 9,939.9 million, thus exceeding the figures of the same period the previous year by approx. EUR 4,131 million. This revenue increase was achieved partly through ZMB GmbH’s increased Central Asian gas activities and Gazprom Marketing & Trading Ltd’s trading section. Revenue from Italy and the LNG business reached eight figures for the first time.

In the second quarter of 2009, the GAZPROM Germania Group’s consolidated natural gas sales totalled 181.2 TWh, exceeding the result for the second quarter of 2008 by approx. 38.0 TWh.This brought the Group’s natural gas sales to 388 TWh for the first half of the year, 97.4 TWh above the same period the previous year.

"Despite a difficult economic environment, we were again able to achieve a very positive result in the first half of 2009. This proves that the strategy that we as the German subsidiary of GAZPROM OJSC are using to support our parent company both was well-planned and is being successfully executed”, says Hans-Joachim Gornig, Managing Director of