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 Makes Its Financial Reporting Less Transparent

Unfortunately, Gazprom has discontinued publication of its segment expenses by quarter. Company's financial report for Q1-2009 is less transparent than previous quarterly reports starting from Q3-2002.

In fact, the segment expenses have raised too many questions uncomfortable for Gazprom executives. Often the reported trends and numbers were just impossible. For instance, the growing gas production volume could be accompanied by the declining total production expense. It did look like the reported numbers were altered to meet a certain target.

The lower reporting standard makes life easier for the top managers of Gazprom, but more complicated for the shareholders of the Russian gas giant.

Mikhail Korchemkin

August 26, 2009

Last modified: 12/07/14                    East European Gas Analysis 2006-2014                                           Email:
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