OREANDA-NEWS. January 26, 2010. Veles Capital released daily market review:

Gazprom evaluates prospects of 2010. Gazprom prepared 2010 budget draft as announced by RBC-Daily. According to the data of the newspaper sale of the blue fuel should total 501.2 bn cubic meters in the current year. By our estimates the sale volume might form 511 bn cubic meters, in 2009 sale volume will be at the level of 471 bn cubic meters. Extraction by Gazprom in the current year will be upped to 529.4 bn cubic meters (in 2009 the given estimate formed 462.3 bn cubic meters according to data of Ministry of Energy), in our model we refer to the target estimate of 535-537 bn cubic meters.

In 2009 Polyus upped gold extraction by 3.2% to 1.26 mn ounces. In 2009 Polyus Gold output 1.261 mn troy ounces of gold, having upped the output by 3.2% versus the estimate of 2008. Given estimate includes 30 th ounces of gold, output by KazakhGold Group in August–December 2009 in mud, gravel concentrates and other preproducts. Growth of gold production is due to launch of Titimuht project in Krasnoyarsk Territory and purchase of controlling portfolio of KazakhGold in 3Q 2009.