The Management Committee has resolved to give priority to the following actions aimed at improving the Company's investment program efficiency:
— optimize the Company's capacity commissioning schedules;
— raise the economic efficiency of investment projects through optimization of quality and prices of construction facilities during expert evaluation of the Company's project documents;
— reduce the costs of investment projects through optimization of prices for major procurement items and contest-based purchase of goods, work and services as well as online monitoring of investment projects;
— continue the cooperation with federal executive authorities to bring the gas prices to the level that would allow:
— find the internal sources of financing the investments needed for existence and development of the gas industry;
— ensure equal profitability of domestic and foreign gas supplies;
— wider use the project financing methods in the Company's investment projects. The issues will be submitted for consideration by the Gazprom Board of Directors.