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.
We estimate the average gas
production cost of Q3-2014 at RUR 1716/mcm ($47.43/mcm
or $1.5/MMBtu) compared with RUR 1340/mcm ($40.86/mcm) of
the same period of 2013.
The average price of
gas exported out of the former Soviet Union in Q3-2014 is reported
at $321.1/mcm or $10.0/MMBtu (according to the official
conversion factors of the IFRS reports Gazprom). The average export price of
reported at $377.1/mcm or $11.8/MMBtu.
European Gas Analysis
April 24, 2015