Gazprom-AR2014

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Statement of OAO Gazprom’s Chairman of the Board of Directors and Chairman of the Management Committee 5 Pioneering the Russian Arctic shelf development, Gazprom produces oil at the Prirazlomnoye oil field, the only project for development of hydrocarbon deposits in the region. In 2014, oil from the field, a new grade called Arctic Oil, was first shipped to the global market. Gazprom continues its large-scale programme for expansion of gas infrastructure across Russia. In 2014, the benefits of using natural gas were made available to another 236 towns and villages, to about 30 thousand households. This has made life much more comfortable for local residents, providing solutions to their everyday needs. Gazprom Group is the biggest investor in the Russian power industry. The Company continues adding new generation capacity. In the reporting year, new state-of-the-art power units were commissioned in the Vologda Region and in Moscow. With these additions, Gazpom has fulfilled over two-thirds of its obligations to the state in terms of constructing new power generation capacity. The Sochi 2014 Winter Olympics was one of the year’s highlights. Gazprom prides itself on its direct contribution to this magnificent sports gala. The energy and sports facilities constructed by Gazprom became an integral part of Russia’s triumphant performance at the Winter Olympics and will continue offering benefits to Russian citizens for many years to come. Dear Shareholder, Commitment to continuous growth, relentless drive for efficiency, and particular focus on innovations and best practices will continue providing a platform for Gazprom’s sustained success and increasing returns for the Company’s shareholders. Viktor A. Zubkov Chairman of the Board of Directors Alexey B. Miller Chairman of the Management Committee OAO Gazprom Annual Report 2014
6 Major results Gazprom Group Results Operating Results 2012 2013 2014 Change in 2014/2013 Gas Production in Russia Gazprom Group, bcm 487.0 487.4 443.9 –8.9% Share of the Gazprom Group in the production of affiliates, bcm 12.8 14.0 19.2 37.1% Gas Condensate production in Russia Gazprom Group’s production, mm tonnes 12.8 14.7 14.5 –1.4% Share of the Gazprom Group in the production of affiliates, mm tonnes 1.1 1.3 2.3 76.9% Crude oil production in Russia Gazprom Group’s production, mm tonnes 33.3 33.8 35.3 4.4% Share of the Gazprom Group in the production of affiliates, mm tonnes 19.7 18.8 18.2 –3.2% Hydrocarbons refining Natural and associated gas refining, bcm 32.4 31.5 30.5 –3.2% Oil and gas condensate refining, mm tonnes 61.5 66.1 68.1 3.0% Sales of Gas Sales of gas in Russia, bcm 249.7 228.1 217.2 –4.8% Sales of gas in Far Abroad countries, bcm 151.0 174.3 159.4 –8.5% Sales of gas in the FSU countries, bcm 66.1 59.4 48.1 –19.0% Production of electricity and heat Production of electricity, billion kWh 168.2 162.5 155.4 –4.4% Production of heat, mm Gcal 102.5 112.5 125.2 11.3% Financial results 2012* 2013** 2014 Change in 2014/2013 Sales, RUB mm 5,002,902 5,247,300 5,660,975 7.9% Profit from sales, RUB mm 1,356,604 1,429,674 1,343,742 –6.0% Net (loss)/profit, RUB mm 745,722 811,375 (136,849) х Capital expenditures, RUB mm 1,200,151 1,131,071 1,084,862 –4.1% * Figures for 2012 may differ from the respective figures in the Annual Report for 2012 due to the restatement of comparable data in the 2013 financial statements. ** Figures for 2013 may differ from the respective figures in the Annual Report for 2013 due to the restatement of comparable data in the 2014 financial statements. OAO Gazprom Annual Report 2014
Page 1 and 2: OAO Gazprom Annual Report 2014 The
Page 3 and 4: Contents 4 Statement of OAO Gazprom
Page 5: 4 Statement of OAO Gazprom’s Chai
Page 9 and 10: 8 Company Information OAO Gazprom
Page 11 and 12: 10 Company Information OAO Gazprom
Page 13 and 14: 12 Company Information Track Record
Page 15 and 16: 14 Company Information Gazprom Grou
Page 17 and 18: 16 Company Information Operations a
Page 19 and 20: 18 Business Development Prospects S
Page 21 and 22: 20 Business Development Prospects G
Page 23 and 24: 22 Business Development Prospects E
Page 25 and 26: 24 Business Development Prospects T
Page 27 and 28: 26 Business Development Prospects E
Page 29 and 30: 28 Business Development Prospects P
Page 31 and 32: 30 Business Development Prospects U
Page 33 and 34: 32 Business Development Prospects S
Page 35 and 36: 34 Board of Directors and Managemen
Page 43 and 44: 42 Board of Directors’ Report on
Page 49 and 50: 48 Trends and Developments on Oil a
Page 55 and 56: 54 Performance Results Exploration
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56 Performance Results Distribution
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58 Performance Results Distribution
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60 Performance Results The company
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62 Performance Results Hydrocarbon
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64 Performance Results Transportati
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66 Performance Results Gas transpor
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68 Performance Results Gas Infrastr
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70 Performance Results Hydrocarbon
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72 Performance Results Gazprom, on
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74 Performance Results OAO Mezhregi
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76 Performance Results Major invest
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78 Performance Results European gas
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80 Performance Results In accordanc
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82 Performance Results Oil and gas
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84 Performance Results Sales of ref
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86 Innovations In 2014, the budget
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88 Innovations — produced a techn
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90 Innovations 14 meetings of coord
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92 Environment and Social Responsib
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100 Environment and Social Responsi
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110 Corporate Governance OAO Gazpro
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112 Corporate Governance Corporate
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114 Corporate Governance Summary of
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116 Corporate Governance Remunerati
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118 Corporate Governance In additio
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120 Corporate Governance Liability
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122 Corporate Governance Audit Comm
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124 Corporate Governance The intern
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126 Corporate Governance Efficient
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128 Corporate Governance Stock Mark
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130 Corporate Governance Dividend P
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132 Risk Management Gazprom has con
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134 Risk Management Customs, curren
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136 Glossary ADR of OAO Gazprom APG
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138 Corporate Governance Units of M
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140 Additional information List of
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142 Additional information 11. Adde
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144 Additional information 27. Bank
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146 Additional information 45. Adde
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148 Additional information 59. Trad
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150 Additional information 68. Trad
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152 Additional information 84. Cont
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154 Additional information 96. Volu
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156 Additional information Inclusio
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158 Additional information Improvem
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160 Additional information These ef
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162 Addresses and Contact Details F
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www.gazprom.com
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