5.1

Memorandum of Intents of Gazprom JSC

Electric power industry is a strategically important area of Gazprom Group operations. Over the past 10 years, the largest vertically integrated electric power holding in Russia has been created within the structure of Gazprom PJSC, combining assets in the field of electric and thermal power production, transmission and sale of thermal power, as well as assets in related segments.

Electric power assets of Gazprom Group are consolidated in its fully-owned subsidiary Gazprom Energoholding LLC, which owns controlling stakes in Mosenergo PJSC, TGC-1 PJSC and unified heat supply company of Moscow MOEK PJSC. The controlling stake of OGK-2 PJSC belongs to Centrenergoholding PJSC, a subsidiary of Gazprom Energoholding LLC.

Mosenergo PJSC, TGC-1 PJSC, OGK-2 JSC and MOEK PJSC are an integral part of the Gazprom Group’s business, the disposal of these assets is not under consideration.

Gazprom PJSC considers the priority task of the electric power sector to be the progressive development of companies, ensuring the stable growth of their financial indicators while maintaining the reliability of energy supply to consumers.

Gazprom PJSC manages the companies in compliance with common corporate standards, recognizes the importance of improving corporate governance of controlled companies and strives to ensure openness and transparency of their operations.