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Gazprom Export Revenues Increase

Gazprom expects 2004 export yield to increase

Gazprom Export Revenues Increase

Russia?s Gazprom, the world's biggest natural gas producer, expects 2004 export yield to increase 7.9 percent compared with last year's record due to surging prices.

The company will earn $17.8 billion from sales of gas to buyers outside of the former Soviet Union this year, compared with $16.5 billion last year, according to the deputy chief executive Alexander Ryazanov.

Gazprom will export 143 billion cubic meters of gas outside of the former Soviet Union, compared with a plan of 140 bcm, and with 2003, when it exported 133 bcm. That excludes Central Asian gas pumped through Russia.

In cooperation with Rosneft, Gazprom expects to produce 35 million tons of oil and gas condensate in 2005, Ryazanov said. That would be equal to about 700,000 barrels a day.

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