2009-10-28-2009-05-15-2009-09-23

Bought 51% stake in SeverEnergia, which owns 3 companies operating with Western Siberia with total reserves of 5 BBOE.

Gazprom, Moscow, (Russia: SIBN) has acquired a 51% stake in SeverEnergia from Eni SpA, Rome, (NYSE: E) and Italian energy provider Enel, Rome, (Borsa Italiana: ENEL) for approximately US$1.6 billion. Gazprom will pay Eni US$940 million and Enel US$626.5 million for the assets. SeverEnergia owns 100% of Arcticgaz, Urengoil and Neftegaztechnologia. These companies own licenses for the exploration and production of hydrocarbons in the Yamal Nenets region of Western Siberia. Overall oil and gas reserves are estimated at 5 billion barrels of oil equivalent. Eni now holds 29.4% in SeverEnergia, and Enel holds 19.6%. SeverEnergia is now the first Russian-Italian E&P company and has offices in Moscow. The parties are committed to producing first gas by June 2011 from Samburskoye Field and reaching a production level of at least 150,000 barrels equivalent per day within two years of the start of production.