OREANDA-NEWS. May 25, 2007.  In Vienna (Austria) in the frames of the official visit of the Russian Federation President Vladimir Putin, Alexey Miller, Chairman of the Gazprom Management Committee and Dr. Wolfgang Ruttenstorfer, Chief Executive Officer and Chairman of the Executive Board of OMV AG have signed a Memorandum of understanding.

Pursuant to the document the parties confirm Gazprom’s intention to participate in the Central European Gas Hub (a 100 per cent subsidiary of OMV Gas International) located at Baumgarten.

“These integrated projects will become another milestone in the cooperation of our companies and contribute to reliability increase of natural gas supply to Europe,” said Wolfgang Ruttenstorfer.

“The Memorandum signed today with Austrian partners confirms that the Gazprom development strategy follows a dynamic energy sector development in the countries of the European Union and will contribute to provision of the European energy security,” said Alexey Miller.