Gas production

The Company is actively developing gas production operations with a focus on the commercialisation of reserves of associate and natural gas produced at oil fields and increasing their value.

The gas programme of the Gazprom Neft Group provides for accelerated growth in gas production in Russia.

In 2014, the cumulative production/use of gas by the Gazprom Neft Group, including the share in production by joint ventures, totalled 17.68 bn m3. Natural gas production by subsidiaries totalled 5.72 bn m3. The overall level of APG utilisation, including joint ventures, totalled 81.4% in 2014 compared with 79.9% in 2013.

The development of small gas deposits that make up a part of the fields at which Gazprom Neft is already working will enhance the cost-effectiveness of using the Company’s reserves and help increase hydrocarbon production to 100 mn TOE per year as envisaged by the Company’s development strategy to 2025.

Production/use of gas, bn m3