Gazprom considered the Russian market a priority
OREANDA-NEWS. The Gas Supply to Domestic Market. Executing Russian Regions Gasification Program Press Conference was held at the Gazprom headquarters today in the lead-up to the annual General Shareholders Meeting. The Press Conference featured Kirill Seleznev, Member of the Company's Management Committee, Department Head, and Director General of Gazprom Mezhregiongaz.
It was noted at the Press Conference that the Company considered the Russian market a priority. In 2015, Gazprom Group sold 221.2 billion cubic meters of natural gas in the domestic market (according to the International Financial Reporting Standards), which made up half of its overall gas sales. The 5.5 per cent decline from 2014 was mainly driven by abnormally warm weather throughout 2015. Gazprom Group's revenue from gas sales in the Russian market amounted to RUB 805.6 billion (a 1.8 per cent decrease compared to 2014).
As in previous years, the Company fulfilled all of its obligations with regard to the gasification of Russian regions in 2015. Between 2005 and 2015, Gazprom invested some RUB 270.2 billion into the socially important gasification program. Over that period, the Company constructed 1,889 gas pipelines totaling over 27,000 kilometers in length and created the conditions for the gasification of 4,269 boiler houses and over 740,000 households and apartments. In 2015, 87 gas pipelines with a total length of some 1,275 kilometers were built. As a result, Russia's average gas penetration level surged by 12.9 per cent, reaching 66.2 per cent by early 2016.