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2016-05-05 18:45:00

GAZPROM COSTS UPDOWN

GAZPROM COSTS UPDOWN

Gazprom reported the average production cost of natural gas in 2015 at ₽1643 per 1000 cubic meters (mcm) or $27.09/mcm or $0.84/MMBtu.

The corresponding numbers for 2014 are ₽1470/mcm, $38.73/mcm and $1.21/MMBtu. The cost in US dollars is affected by the devaluation of Russian ruble. The average US dollar rate in 2015 was ₽60.66 compared with ₽37.97 in 2014.

Figure 1. Average Gas Production Cost of Gazprom, Rubles per 1000 cub m

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