Natural Gas Daily Former Soviet Union Companies & Finance

Rosneft gas output doubles, earnings beat consensus

By Tom Washington, Svetlana Savateeva and Anna Gorshkova 5 February 2014
Sunrise at a Rosneft rig in the Severnaya archipelago, northern Russia. (Rosneft) Sunrise at a Rosneft rig in the Severnaya archipelago, northern Russia. (Rosneft)

The scale of Rosneft’s ambition in the Russian gas market became clear last year, with the company’s output increasing by more than 130%.

In what company President Igor Sechin dubbed a “transformational year” Rosneft signalled it wants to become Russia’s second-largest gas producer – a clear challenge to current number two Novatek – and to increase gas production to 100 billion cubic metres in 2020.

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