Gazprom-AR2014

Performance Results
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The Group also delivered c. 2.9 billion kWh of electric power to end consumers in UK,
Germany, and Netherlands (2.3 billion kWh in 2013).
Gazprom Group’s power and heat sales revenues (net of VAT and other charges) was
RUB 426.8bn (a 13.5% increase y-o-y).
Gazprom Group’s revenue from power and heat sales (net of VAT and other charges), RUB bn
Total
Russia
2012 340.8 324.0
2013 376.2 363.0
2014 426.8 408.9
Far abroad countries
FSU countries
2012 11.2 5.6
2013 11.0 2.2
2014 15.4 2.5
Gazprom Group also trades in power on European trading platforms. The total power traded
during the reporting year was 339 billion kWh.
Efficiency of operations
In order to increase the shareholder value of its assets, Gazprom Group is taking measures to
improve their operating efficiency. OAO Mosenergo, OAO TGC-1 and OAO OGK-2 are conducting
programmes Lean Production, Efficiency, as well as programmes for enhancing shareholder
value, personnel cost optimisation, and upgrading and retrofitting process optimisation.
The following measures provided the greatest benefits in 2014 by value:
— equipment fleet optimisation (OAO OGK-2) — RUB 1,145.2mm;
— measures in the fuel supply department (OAO OGK-2) — RUB 900mm;
— tax optimisation (OAO Mosenergo) — RUB 343mm;
— procurement optimisation (OAO OGK-2) — RUB 334mm;
— reduced consumption of excessive fuel (OAO OGK-2) — RUB 305.9mm;
— sale of non-core assets (OAO TGC-1) — RUB 220mm;
— increasing water utilisation efficiency (OAO TGC-1) — RUB 198mm;
— increasing power generation efficiency (OAO TGC-1) — RUB 171mm;
— investment programme optimization (OAO Mosenergo) — RUB 131mm.
Import substitution
As part of its import substitution efforts, Gazprom Group determined the following priorities in the
power industry: automated process management systems, heat insulation, gas turbine maintenance,
upgrade of gas turbines under contracts with Russian producers.
Moreover, the Group is reviewing opportunities to replace equipment made by Western producers
with that produced in Asian countries, particularly in China. A number of Chinese producers
have been approached as part of these measures.
OAO Gazprom Annual Report 2014