Quarterly and annual financial reports of Gazprom.
(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 Q2-2012 average gas
production cost is reported at RUR 1224/mcm (USD 39.51) or 81% up from
the level of the same period of 2011.
The price is 76% higher than the
average of 2011. The raise of severance tax
(from RUR 237 to RUR 509 per mcm) is responsible for about half of
the cost growth.
East European Gas
Malvern, PA, USA
November 2, 2012