OREANDA-NEWS. March 27, 2008. The Board of Directors meeting has finalized in the Gazprom Headquarters.

The Board of Directors examined the matter on the creation of a venture capital fund for innovation technologies and agreed on Gazprom’s participation in being established Gazprom Venture by means of acquisition of 51 per cent stock in its charter capital.

The Board of Directors agreed that Gazprom Venture acquired 100 per cent capital stock in being established limited liability companies, namely First Venture Company, Second Venture Company, Third Venture Company, Forth Venture Company, and Fifth Venture Company.

Also the Board of Directors approved Gazprom’s strategy on LNG production and supplies.