Natural Gas Sales

During 2015, we supplied natural gas to 33 regions of the Russian Federation and accounted for 20% of the total natural gas deliveries to the domestic market via the UGSS.

 

NOVATEK's 2015 natural gas sales volumes totalled 62.5 bcm, representing a decrease of 7.1% as compared to 2014 sales volumes of 67.2 bcm.  Lower natural gas sales volumes resulted from one of our major customers temporarily not taking its full contracted volumes due to technical reasons and warmer weather in the Russian Federation in 2015 as compared to 2014. The proportional share of natural gas sales to end-customers remained practically unchanged compared to 2014 and amounted to 93% of our total natural gas mix.

 

Our total revenues from natural gas sales totalled RR 222.2 billion, which is 3.6% lower as compared to 2014. The negative effect from the lower sales volumes on our total revenues was partially offset by the growth in regulated domestic tariffs by 7.5% effective from 1 July 2015. Our net revenues from gas sales (excluding transportation costs) demonstrated a minor decline of 1.3% as gas transportation tariff for independent producers increased from 1 July 2015 by only 2%.  


Domestic Gas Deliveries