the FINANCIAL -- The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Sergey Frank, Director General of Sovcomflot, according to Gazprom.

The parties discussed the interaction within the Prirazlomnoye field development, including the arrangement of oil transportation, and the current state of the global liquefied natural gas market.The meeting also highlighted that the importance of LNG supplies to Asia-Pacific markets via the Northern Sea Route had increased.

Alexey Miller and Sergey Frank discussed in details the test shipments via this route to be arranged in the nearest future.

“LNG production development is an absolute priority as compared to pipeline gas export to Asia-Pacific markets.

For instance, by supplying Russian LNG via the Northern Sea Route we will significantly reduce transportation costs and make this product highly competitive in these target Asian markets,” said Alexey Miller.

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