Sources:
Quarterly and annual financial reports of Gazprom.
Notes:
(1) There are no quarterly data for 2000-2001;
(2) USD/mcm costs are based on the average RUR/USD exchange rate of
the corresponding quarter.
The average gas
production cost in 2012 is reported at RUR 1085/mcm (USD 34.92). It
is 56% above the average cost of 2011. The raise of severance tax
from RUR 237 to RUR 509 per mcm has provided 70% of
the cost growth. In US dollars, the cost is up 47%.
Mikhail Korchemkin
East European Gas
Analysis
Malvern, PA, USA
May 1, 2013 |