Rosneft

M&A Activity • May 23, 2014

National Storage Mechanism | Additional information

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RNS Number : 9838H

OJSC OC Rosneft

23 May 2014

Rosneft Signed Long-Term Supply Contract for Gas Supplies with Fortum

Within the Petersburg International Economic Forum Rosneft and Fortum signed a long-term contract for gas supplies.

The 3 year-term contract is the additional agreement to the already operational contract for gas supplies with period between 2014 till 2015. In 2013 Rosneft started to supply Fortum's TPP in the Tyumen District with natural gas. Therefore Rosneft confirms its status as a reliable supplier of high-quality products. Fortum is one of the leading producer and supplier of heat and electric energy in the Urals and West Siberia regions.

The realization of the gas potential is one of the strategic goals of Rosneft. The company is planning to expand its presence in the gas market and is already developing this business sector by signing long-term contracts for gas supplies with the biggest consumers. By 2020 the company is aimed at producing 100 bcm of gas yearly, doubling its share in the Russian market (to around 20%).

Commenting on the signing Igor Sechin said: "The signed agreements - are a confirmation of the mutually beneficial partnership between companies. These contracts allow Rosneft to strengthen its positions on the Russian market by supplying ultimate customers".

Rosneft Information Division

Tel.: + 7 (499) 517-88-97

May 23, 2014

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligation to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements. 

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