The Board of Directors took notice of the information on the elaboration of the Gazprom Innovative Development Program until 2020.

The Company's Management Committee was tasked to submit the draft Program to the Board of Directors for approval in June 2011.

The meeting participants noted a high level of Gazprom's technological development. In order to create innovative products and technologies the Company cooperates with a wide range of leading R&D institutes and centers as well as with a number of domestic and foreign companies. Pursuing an import-substituting policy and imposing strict quality requirements on the products, Gazprom fosters introduction of cutting-edge technologies and solutions by the Russian equipment manufacturers.

The Board of Directors stressed that through timely adoption and implementation of the Innovative Development Program Gazprom would ensure a substantial growth of its technological potential and competitive ability in the global energy market in the long term.

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