Gazprom-AR2014

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