Russ Oil-Gas

RBC, 26.02.2007, Moscow 14:35:31 – Gazprom is most likely to boost its number of members on RAO UES's Board of Directors from two to three. Analysts say that the holding's candidates Kirill Seleznev, General Director of Mezhregiongaz, Gregory Beryozkin, Chairman of ESN Group, and Vladimir Rashevsky, General Director of SUEK, are most likely to be elected in the summer 2007 to RAO UES's Board of Directors. Some experts think that it is logical for Gazprom and SUEK to increase influence on RAO UES's Board in light of the recent announcement on Gazprom and SUEK's assets merger. Meanwhile, some analysts say that there are no reasons for the government to decrease its number of members on the Board. Moreover, there is no major difference for Gazprom between two and three members in decision-making process. Analysts say that the gas holding's announcement may have a positive effect on energy companies' securities.