The 12th AGM was held in Porto Cervo, Sardinia, on June 10-11, 2009, hosted by the EBC sponsoring member ENI. The focal topic was «Energy Sector and Turmoil on Financial Markets. Implications for Investment and Supply-Demand Balance». In the frame of the forum, Gazprom Chairman and the EBC President gave a press-conference to the international media community. He covered a range of issues on the current situation in the energy sector, on Gazprom`s pricing and investments policy, on scenarios for the consequences of financial crisis for the energy sector.