Gazprom’s gas sales drop

Russia’s Gazprom said its net sales of gas decreased by RUB 39,981 million, or by 2%, to RUB 2,084,404 million in the nine months ended September 30, 2014 compared to the same period in 2013.

Net sales of gas to Europe and other countries increased by RUB 2,775 million to RUB 1,227,090 million compared to the nine months ended September 30, 2013.

Net sales of gas to FSU countries rose by RUB 15,237 million, or 5%, to RUB 304,952 million.

In the domestic market, net sales of gas  increased by RUB 15,437 million, or 3%, to RUB 552,362. This is primarily explained by the increase in the average domestic price for gas by 11%, which was partially compensated by the decrease in volumes of gas sold by 8%, or 12.9 bcm, according to Gazprom.

Profit for the period attributable to owners of Gazprom totaled RUB 556,254 million which is RUB 302,519 million, or 35%, lower compared to the nine months ended September 30, 2013.

1 Russian ruble = 0.014459 U.S. dollars

Image: Gazprom

 

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