Gazprom pipelines and export capacity

Газопроводы Газпрома и экспортные мощности

Gas pipelines of West Siberia

Газопроводы Западной Сибири

Export flows of Gazprom

Экспортные потоки

Spot, Gazprom, Brent

Цены на нефть и газ

End-use price of gas

Russia and USA

Daily gas production

Суточная добыча


Important Changes in Russian Gas Business Environment


Cost of Labor and Materials in Russia (2-Mar-2005)

Gas Price in Russia (6-May-2005)

Cost of Labor and Materials in Russia

  • Cost of Russian labor continues to grow at a very high rate.

    • The average Gazprom wage in January-November 2004 is 47% higher than in the same period of 2003 (in US dollars).

Source: Roskomstat - RF Department of Statistics

Source: Roskomstat - RF Department of Statistics

Source: Roskomstat - RF Department of Statistics

Source: RF Central Bank

  • A small part of this growth is explained by a weaker dollar.

    • From November 2002 to February 2005 the US dollar lost 12.6% against the Russian ruble.

  • The average Gazprom wage is five times higher than the Russian average.

    • In 2005, the RF Department of Statistics (Roskomstat) has stopped reporting average wage of Gazprom.

  • The growth of domestic costs has a direct impact on both operating and investment costs of all Russian businesses. The speed of growth affects the future delivery cost of gas for domestic and export markets.

Gas Price in Russia

  • RF Federal Tariff Service (former Federal Energy Commission) introduced new prices from January 1, 2005 (click here for details).

    • The number of "price zones" is increased from 7 to 12. Price zones are defined by gas transportation distance from production site.

    • Average increase of price for non-residential consumers is 21% (in rubles).

    • Average increase of price for municipal & residential consumers is 25%.

      • Residential price was increased again on April 1, 2005.

      • From April 2005, residential price is 35% above the level of 2004 (in rubles).

Source: RF Federal Tariff Service,

Source: RF Federal Tariff Service

 

  • The left chart shows gas price for non-residential consumers in Zone 9 (former Zone 5 - Central European Russia) in rubles and dollars per thousand cubic meters (mcm), net of VAT.

  • The right chart shows the same price in rubles and euros per MWh, net of VAT.

    • Euro price for 1997-1998 is based on the exchange rate of German Mark (DEM).


Last modified: 12/07/14                    East European Gas Analysis 2006-2014                                           Email: info@eegas.com
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