Gazprom Has Chosen a New Curator of Gas Production
OREANDA-NEWS Sergey Menshikov, who for more than ten years managed Gazprom's mining subsidiary on Yamal — Gazprom dobycha Nadym, will head one of the key departments of the parent company — Department 307 (responsible for gas, gas condensate and oil production). This told the employee of Gazprom, the appointment was also confirmed by a source in Gazprombank (the structure of Gazprom owns about 46% of the Bank).
The 307 Department is responsible for maintaining Gazprom's production and drilling, one of the company's partners explained. "This is one of the key departments, as Geology and production are concentrated there, that is, everything from exploration and commissioning of new fields to long — term development," the former top Manager of the company added.
According to Gazprom's own data, the Corporation accounts for 12% of global gas production. In 2018, it has increased gas production by 5.6% to 497,6 billion cubic meters, Gazprom spends two-thirds of all gas in Russia and provides about 60% of supplies to the domestic market. Over the past two years, the increase in production of the company (80 billion cubic meters) was more than the total annual production of its largest competitor in Russia — NOVATEK, which in 2018 produced 68.8 billion cubic meters of gas, said at the investor's Day in Hong Kong, February 26, Deputy Chairman of the Board of Gazprom Oleg Aksyutin.
"We do not comment yet," — said official representative of the" Gazprom " Sergei Kupriyanov in response to a question about the appointment of Menshikov. The reference "Gazprom dobycha Nadym" reported that the top Manager holds a conference call.
The investment program of Gazprom for 2019 is 1,325 trillion rubles, for 2020 — about 1 trillion rubles, for 2021-2035 — 1.1 trillion rubles annually (in case of high demand for gas), the company's presentation says on the day of the investor. More than half of these amounts, 55%, or more than 550 billion rubles a year — will go to exploration and production, from the presentation.