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OGZPY PJSC Gazprom (PK)

1.10
0.00 (0.00%)
30 Apr 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
PJSC Gazprom (PK) USOTC:OGZPY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 1.10 0.00 01:00:00

Gazprom Aims To Increase Gas Supply By 10% in 2015, Says Senior Executive

05/05/2015 12:44pm

Dow Jones News


PJSC Gazprom (PK) (USOTC:OGZPY)
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By Thomas Grove

MOSCOW--Gazprom OAO (GAZP.RS) aims to produce 485.4 billion cubic meters of natural gas in 2015, RIA news agency quoted Vitaly Markelov, the deputy chairman of the Russian energy giants management committee as saying on Tuesday, nearly 10% higher than last year.

Gazprom, which is Russia's only gas exporter, produced 443.9 billion cubic meters of gas in 2014, one of its lowest production figures, as the company sees slower output at its major gas fields.

Sales also fell last year as Europe, its biggest market, tries to cut its dependence on Russian gas. Sales domestically also slowed as Russia faces an economic slowdown.

Gazprom said last week its net profit plunged by 86%, or nearly $20 billion, in 2014 due to the weakness of the ruble and one-off charges.

Write to Thomas Grove at thomas.grove@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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