GAZPROM’S INTEREST IN GEORGIA’S GAS PIPELINE MAY FADE

RosBusinessConsulting, Russia
June 20 2006

RBC, 20.06.2006, Moscow 17:27:15.Gazprom is still interested in the
acquisition of Georgia’s gas transportation system, but this interest
may fade, Gazprom Deputy CEO Alexander Ryazanov declared at a press
conference today. He said Georgian officials were slowing down the
process. According to Ryazanov, the negotiations have been completed,
but the government of Georgia is still thinking the deal over and
hasn’t voiced its final decision yet. "I’m afraid Gazprom’s interest
may fade," the Deputy CEO of the Russian gas giant reported, adding
that he had no idea what Georgia might need the backbone gas pipeline
for since it was in a terrible condition at present.

Ryazanov also stressed Gazprom still couldn’t ensure a smooth transit
of gas to Armenia via Georgia.