RusEnergy

26/05/2005 (16:06) RZD News - Gazprom's Headquarters has hosted on May 25 a working meeting between Alexey Miller, Gazprom's Management Committee Chairman and Eivind Reiten, Hydro's President and CEO. The meeting explored the implementation of a joint Memorandum of understanding stipulating the study of cooperation prospects for Gazprom and Hydro when developing the Shtokman gas condensate field and producing liquefied natural gas. In addition, the parties discussed Gazprom's possible involvement in Hydro-led oil and gas field development, Ormen Lange inclusive. At the same time, the meeting addressed potential joint gas marketing in the USA and Great Britain and oil & gas production in third countries. Eivind Reiten underscored that Hydro would contribute to promoting business cooperation between the firms on the European gas market as well as confirmed Hydro's willingness to take part in the North-European gas pipeline project.