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


Gazprom reports low incremental value of gas transportation assets


In the financial report of Gazprom for 2012, the incremental value of gas transportation assets does not match other numbers.

In 2012, Gazprom commissioned 3213 km of trunk pipelines and 1249 MW of compressor capacity compared to 2470 km and 1000 MW in 2011 and 1339 km and 64 MW in 2010. However, the reported incremental value of gas transportation assets is less than the value of the first line of the Bovanenkovo-Ukhta pipeline (BUP) that was completed (with partial compression - 2 out of 9 compressor stations) among other pipeline projects last year.

I was unable to find an explanation of this phenomenon. If the BUP and other pipelines were formally added to Gazprom books in early 2013, then we may expect a sharp growth of the value of gas transportation assets in Q1-2013.

Mikhail Korchemkin

East European Gas Analysis

Malvern, PA, USA

 

June 3, 2013

 

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Last modified: 12/07/14                    East European Gas Analysis 2006-2014                                           Email: info@eegas.com
Reproduction or use of materials is allowed only with reference to East European Gas Analysis or www.eegas.com