Length of the Route:

- submarine sections in the Black Sea and Adriatic Sea

~1000 km

- land sections in Europe (out of the Russian Federation)

~2700 km

- Yamal - Black Sea (Russian Federation)

~3200 km

- Iolotan - CS Frolovo (Turkmenistan - Russia)

~3050 km

Length of New Pipelines to be Built:

- submarine sections in the Black Sea and Adriatic Sea

~1000 km

- land sections in Europe (out of the Russian Federation)

~2700 km

- Yamal - Black Sea (Russian Federation)

~6400 km

- Prikaspiisky (Caspian) pipeline

~1700 km

TOTAL:

~11800 km

Estimated Investment Cost of Gazprom

$45 bn

- loan service cost, $30 bn, @ 7%, 10 years

$4.3 bn/year

- depreciation cost (Yamal - Bulgaria section)

$1.4 bn/year

Economic Loss from Re-Exports of Gas (1):

- Annual loss of the state budget

$4.5 bn

- Annual loss of Gazprom profit

$4-5 bn

TOTAL ANNUALLY:

 up to $9.5 bn

(1) 50 bcm/year, price in Europe at $300/mcm