Gazprom-AR2014

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Performance Results 83 Gazprom Group’s sales of refined products, mm tonnes Total Russia 2012 63.9 36.1 2013 68.3 38.4 2014 75.4 41.5 Far abroad coutries FSU Countries 2012 22.6 5.2 2013 25.2 4.7 2014 29.9 4.0 Revenue from sales of refined products (net of VAT, excise and other charges), RUB bn Total Russia 2012 1,192.0 725.2 2013 1,350.7 725.2 2014 1,618.6 952.5 Far abroad coutries FSU countries 2012 393.5 73.3 2013 449.7 80.5 2014 586.2 79.9 Key drivers of Gazprom Group’s refined product sales in 2014 — Increase in the total number of operating filling stations. — Increase in daily average sales per filling station in Russia was due to rebranding, ad campaign and loyalty programme. — Expanding airport networks in Russia and globally, including due to cooperation with the Ministry of Defence of the Russian Federation, and the growth of Gazprom Group’s share in OOO Gazpromneft – Aero Sheremetyevo to 100% in March 2014. — Bunkering market growth in the Far East and the Black Sea region, expansion of the customer base in Baltic ports. — Refining output increase. Sales increased y-o-y in motor gasoline, jet fuel, liquefied hydrocarbon gases, and fuel oil, also accompanied by an increase in sales of mineral fertilisers and polymers. The increase was primarily the result of growth in the output of the refined products and/or an increase in purchases from companies outside the Group. OAO Gazprom Annual Report 2014
84 Performance Results Sales of refined products by Gazprom Group in 2014 Refined products Russia Far abroad countries FSU countries Motor gasoline, mm tonnes 11.2 1.3 1.0 Diesel fuel, mm tonnes 9.3 6.2 1.8 Jet fuel, mm tonnes 3.0 0.8 0.1 Furnace fuel oil, mm tonnes 2.9 8.1 0.2 Oils, mm tonnes 0.2 0.1 0.1 Liquefied hydrocarbon gases, mm tonnes 2.9 2.4 0.1 Sulphur, mm tonnes 2.0 3.2 0.3 Gaseous helium, mmcm 2.5 – 0.2 Liquid helium, mm litres 0.2 0.9 – Mineral fertilisers, mm tonnes 0.3 0.4 0.0 Polymers, mm tonnes 0.2 0.0 0.0 Other oil and gas chemical production products, mm tonnes 9.5 7.4 0.4 In 2014, approximately 13% of Gazprom Group’s total refined products were sold through Gazprom neft Group’s filling stations, reaching 9.9 mm tonnes against 9.2 mm tonnes in 2013. The sales growth was driven by upgrades to, and optimisation of, the Group’s own network of filling stations, as well as by their improved efficiency and the development of the Group’s own nationwide brand enjoying high consumer awareness and trust. As of 31 December 2014, Gazprom neft Group owned and operated an extensive network of 1,810 filling stations across Russia, the FSU countries and Eastern Europe. 2014 saw downward movements of global USD prices for Gazprom Group’s main export items. According to Platts, this decline throughout the year was 10% for fuel oil and 9% for diesel fuel. However, export prices for liquefied hydrocarbon gases on the key export market of Poland remained almost flat with the increase of below 1.5% y-o-y (according to Argus). Depending on the type of transaction (spot or contract deals), sulphur prices on Gazprom’s key export market of North Africa increased from 16% to 30% y-o-y (according to Argus). According to Fertecon, in 2014 mineral fertiliser prices went down by 1.5–6% for certain fertiliser types and geographical markets. Prices for the Group’s oil products behaved differently on the domestic market in 2014. The average ex-refinery price of Ai-92 gasoline was up by 6.8% to RUB 31,350 per tonne; Ai-95 gasoline was up by 4.5% to RUB 32,150 per tonne. Diesel fuel price dropped by 5% to RUB 28,850 per tonne; fuel oil fell 30% to RUB 6,100 per tonne. Domestic LHG prices went up by 25% on average y-o-y, with the FTS of Russia’s LHG selling prices in the regulated sales sector (reserved supplies) growing by 9.2%. OAO Gazprom Annual Report 2014
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OAO Gazprom Annual Report 2014 The
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Contents 4 Statement of OAO Gazprom
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4 Statement of OAO Gazprom’s Chai
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6 Major results Gazprom Group Resul
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8 Company Information OAO Gazprom
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10 Company Information OAO Gazprom
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12 Company Information Track Record
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14 Company Information Gazprom Grou
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16 Company Information Operations a
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18 Business Development Prospects S
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20 Business Development Prospects G
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22 Business Development Prospects E
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24 Business Development Prospects T
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26 Business Development Prospects E
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28 Business Development Prospects P
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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
Page 57 and 58: 56 Performance Results Distribution
Page 59 and 60: 58 Performance Results Distribution
Page 61 and 62: 60 Performance Results The company
Page 63 and 64: 62 Performance Results Hydrocarbon
Page 65 and 66: 64 Performance Results Transportati
Page 67 and 68: 66 Performance Results Gas transpor
Page 69 and 70: 68 Performance Results Gas Infrastr
Page 71 and 72: 70 Performance Results Hydrocarbon
Page 73 and 74: 72 Performance Results Gazprom, on
Page 75 and 76: 74 Performance Results OAO Mezhregi
Page 77 and 78: 76 Performance Results Major invest
Page 79 and 80: 78 Performance Results European gas
Page 81 and 82: 80 Performance Results In accordanc
Page 83: 82 Performance Results Oil and gas
Page 87 and 88: 86 Innovations In 2014, the budget
Page 89 and 90: 88 Innovations — produced a techn
Page 91 and 92: 90 Innovations 14 meetings of coord
Page 93 and 94: 92 Environment and Social Responsib
Page 101 and 102: 100 Environment and Social Responsi
Page 111 and 112: 110 Corporate Governance OAO Gazpro
Page 113 and 114: 112 Corporate Governance Corporate
Page 115 and 116: 114 Corporate Governance Summary of
Page 117 and 118: 116 Corporate Governance Remunerati
Page 119 and 120: 118 Corporate Governance In additio
Page 121 and 122: 120 Corporate Governance Liability
Page 123 and 124: 122 Corporate Governance Audit Comm
Page 125 and 126: 124 Corporate Governance The intern
Page 127 and 128: 126 Corporate Governance Efficient
Page 129 and 130: 128 Corporate Governance Stock Mark
Page 131 and 132: 130 Corporate Governance Dividend P
Page 133 and 134: 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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Gazprom-AR2014

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