Gazprom-AR2014

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Performance Results
OAO Mezhregionenergosbyt, a Gazprom Group company, is one of the leaders in the Russian
power trading market. The company is active in power wholesale and retail markets, accounting
for more than 95% of power consumed by Gazprom Group’s subsidiaries.
Outside Russia, the Group owns the fifth power unit at the Razdanskaya TPP through its subsidiary
ZAO Gazprom Armenia.
Generation and distribution of power and heat
In 2014, according to the Central Dispatching Department of Fuel and Energy Complex (CDU TEK),
Russian electric output increased by 0.5% y-o-y to 1,057 billion kWh. Heat energy production
increased by 3.7% y-o-y to 530.6 mm Gcal.
The Group’s 2014 year-end Russian energy production was 154.6 billion kWh of power, or
4.3% less y-o-y, and 125.2 mm Gcal of heat energy, or 11.3% more y-o-y.
The fuel mix of OOO Gazprom energoholding and its subsidiaries by volume
2013 2014
Gas, mmcm 44,333 41,508
including Gazprom Group’s gas 34,357 28,312
Coal, thousand tonnes 14,076 14,361
Fuel oil and other fuels, thousand tonnes 314 355
including Gazprom Group’s supplies 73 121
In the reporting year, optimised workload of inefficient power units and a lower demand for
power were the key factors affecting power generation in the regions where the Group operates.
Heat energy output increased through consolidation of OAO MIPC’s results after the Group took
over control in September 2013.
In 2014, the fifth power unit of the Razdanskaya TPP (Armenia) produced 0.86 billion kWh
of electric power, driving Gazprom Group’s total output in the reporting year to 155.4 billion kWh.
Gazprom Group’s contribution to the establishment of the charging infrastructure for electric vehicles in Moscow
As part of constructing a network of charging stations for electric cars, the Moscow Government and OAO Mosenergo
reviewed the legal aspects of deploying charging stations and arranged equipment procurement. Approvals are being
obtained for connecting charging stations and preparations for construction and installation are under way. A number of
charging stations have already been built and are successfully operating.
In 2014, OAO Mezhregionenergosbyt sold 6.2 billion kWh of power to consumers outside
the Group.
The power generated by the Group’s Russian generating companies is sold on the 100%
liberalised domestic wholesale power market.
In 2014, power (capacity) end prices increased by 7–8% y-o-y on average.
A small portion of generated power is exported to Norway and Finland. To meet its obligations
during equipment shutdowns, including emergency repairs, the Group’s generating companies
purchase additional power and heat on the wholesale market for resale.
The Russian heat energy market is regulated. A new model of the heat energy market exists
as a concept, with an approved roadmap providing for the development of a great number of
regulations, mechanisms and proposals. Tentative calculations, and draft amendments to the
Federal Law On Heat Supply have been prepared.
In 2014, sales of power generated by the 5th power unit of the Razdanskaya TPP (Armenia)
were 0.8 billion kWh.
OAO Gazprom Annual Report 2014