Gazprom pipelines and export capacity

Газопроводы Газпрома и экспортные мощности

Specs of Nabucco and South Stream

Характеристики "Южного потока" и Nabucco

Gas pipelines of Yamal

Газопроводы Ямала

RGI 2006 Overview

Price of natural gas in Russia in 2009

Update of Jan-24-2009


Gazprom Makes Its Financial Reporting Less Transparent


Unfortunately, Gazprom has discontinued publication of its segment expenses by quarter. Company's financial report for Q1-2009 is less transparent than previous quarterly reports starting from Q3-2002.

In fact, the segment expenses have raised too many questions uncomfortable for Gazprom executives. Often the reported trends and numbers were just impossible. For instance, the growing gas production volume could be accompanied by the declining total production expense. It did look like the reported numbers were altered to meet a certain target.

The lower reporting standard makes life easier for the top managers of Gazprom, but more complicated for the shareholders of the Russian gas giant.

Mikhail Korchemkin

August 26, 2009


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