Compactified pulsar wind nebula model of gamma-ray loud binary LSI +61 303

We show that radio-to-TeV properties of the binary system LSI +61 303 can be explained by interaction of the compact object (a young pulsar) with the inhomogeneities of the wind from companion Be star. We develop a model scenario of "compactified" pulsar wind nebula formed in result of such interaction. To test the model assumptions about geometry of the system we re-analyze the available X-ray observations to study in more details the variations of the hydrogen column density on long (orbital) and short (several kilosecond) time scales.