Russian Gas Society Meets Top Executives of CIMC, Gasfin Group and TVEL (Rosatom) on Natural Gas as Fuel

Implementation Issues Moscow, 28th of May 2013. Press Release By invitation of the President of the Russian Gas Society Mr.Valery Yazev the top management of state owned and private companies from Peoples Republic of China, EU and Russian Federation attended a meeting related to issues of developing infrastructure and applications of natural gas in transportation. During the meeting with CIMC (China International Marine Containers), Gasfin Group, CJSC Industrial Innovations (OJSC TVEL State Corporation Rosatom) and Eastwell, Mr.Yazev underlined prospective business directions following a recent initiative of the President of Russia Vladimir Putin on converting of half of public transportation means and one third of cargo transportation means to natural gas. Mr. Zhao Quingsheng, the leader of CIMC delegation, underlined that CIMC Group and Gasfin Group are involved in strategic projects in the Russian Federation as Consortium CIMC-Gasfin, which is capable to provide entire technological cycle, including natural gas compressing and liquefaction, through deliveries and construction of storage systems, transportation and other logistics means, as well as, provision of transportation means and machinery using LNG and CNG as engine fuels. Mr. Davor Grcevich, the Director of Gasfin SA (Group) expressed satisfaction with recent key decisions in the Russian Federation that will stimulate transition to economically more feasible and ecologically cleaner natural gas fuels. Gasfin Group will provide proven track-record of EU based know-how and expertise in liquefaction, distribution and organization of navigable river-ways and marine bunkering. Parties made their inputs on issues of efficient implementing of natural gas in transportation system in the Russian Federation and the top-management of the companies expressed their commitment to participate in joint projects with Russian leading companies for development of gas re-fuelling stations networks, as well as, capacities for liquefaction and production of CNG/LNG targeting both domestic and export markets while using extensive experience of Consortium Gasfin-CIMC. Mr. Voloshin Sergey, representing CJSC Industrial Innovations pointed out that the company is undertaking active preparation with regard to converting the fleet of OJSC TVEL to natural gas. Mr. Antonio Nicotra, the Head of subsidiaries Gasfin Mobility and Air LNG reported about the development of its first combined CNG/LNG re-fuelling stations in Europe, as confirmation of ongoing tendency on an international scale. Prioritizing shift from petroleum fuels toward natural gas, supported by the consecutive statements and resolutions of the President and the Government of the Russian Federation opens numerous possibilities for the national industry and international cooperation in this direction summarized Mr. Valery Yazev.

About Participants: Russian Gas Society (RGS) is nonprofit partnership of oil and natural gas industry that includes natural gas producers, gas-transport companies, regional gas-distribution and sales organizations, research institutes, metallurgical, construction, and chemical companies. The RGS members produce more than 97% of Russian natural gas. CIMC (China International Marine Containers) is global leading enterprise in multi-industries, manufacturing wide range of containers, trailers, tank equipment, and other storage and logistics related products for LNG and CNG, as well as, off-shore and marine fabrication specialist. Enric, subsidiary

company of CIMC, is expert in designing and manufacturing the equipment covered the whole industrial chain of LNG/CNG/LPG, such as storage tanks, trucks, pressure vessels for application in LNG/CNG/LPG, fuel stations and large petro-chemical storage tanks. Gasfin Group is specialized project developer, founder and key shareholder of companies in the field of developing, implementation and management of projects related to liquefied and liquid gasses and in particular TGE Gas Engineering, Germany (project, engineering, construction onshore solutions), Air LNG, Germany and Gasfin Mobility, Luxembourg (LNG as fuel implementation) and TGE Marine, Germany (project, engineering, construction off-shore solutions), through which or directly has an international experience and substantial merits in the field of production facilities and logistics infrastructure for LNG/LPG. OJSC TVEL-CJSC Industrial Innovations, OJSC TVEL is wholly owned nuclear fuels production arm of State Corporation Rosatom. Activities include production of fuel assemblies and components for them, as well as, full range of services for development, licensing, scientific and technical support of fuels operation, currently supplying around 17% of the global nuclear fuels market. CJSC Industrial Innovations is specialized development and management subsidiary of TVEL for non-nuclear programs of the Rosatom Group and participates in diversification projects related to natural gas based fuels in Russian Federation. Eastwell Russia is a Russian subsidiary of Eastwell Group, specialized for infrastructure construction and represents range of manufacturers of transportation means and equipment related to LNG/CNG in Russian Federation. _________________________________________________

Further Information Related to this Press Release: Info@gazo.ru, rgo@gazo.ru Tatiana.Dobrodeeva@east-well.com

Russian Press Release Sources: http://www.oilru.com/news/369642/