The company in 2012 produced a total of 478,7 billion cubic meters, down from 513 bilion cubic meters in 2011 and 508,6 billion in 2010, RBCdaily reports. The figures are also well below the company’s production plan for the year. On several occasions, leading company officials indicated that 2012 production would exceed 525 billion cubic meters.
The 2012 results are beaten negatively only by the crisis year of 2009 when the company produced 461 billion cubic meters.
Similarly, gas exports dropped. European consumers bought 3,5 percent less than in 2011 and the exports to former Soviet republic dropped with as much as 12,3 percent. In the domestic market, Gazprom increased sales with a slight 0,4 percent, RBC reports.
Still, the world’s biggest gas producer continues to maintain that it in year 2020 will be able to produce as much as 660 billion cubic meters, the figure included in its longterm development strategy.
Gazprom continues to make very good money. However, financial results for 2012 are unlikely to beat the record-good year of 2011 when the company topped Forbes’ list of the world’s most profitable companies. Then, as reported by BarentsObserver, net profits for the exceeded €34 billion. Figures for the first half of 2012 showed a 34 percent drop in net profits to $16.2 billion.
While the company’s 2012 investment plan amounted to 974.65 billion RUB roubles (€24,5 billion), the 2013 investments are planned at a level of 705,41 billion RUB (€17,8 billion).
Russia’s only aircraft carrier, the Northern Fleet’s “Admiral Kuznetsov”, has finished repairs and is ready to leave the port of Murmansk. According to a Russian news agency, the vessel will sail to Syria.
A century and a half ago, Norway was home to roughly three thousand brown bears, the majority of bears in all of Scandinavia. By 1930, the bears were virtually extinct. Decades of aggressive management tactics and bounties had wiped out one of the area’s most iconic species.
Microplastics, the tiny plastic particles that are accumulating in marine waters and big lakes around the world, are now showing up in the Arctic waters south and southwest of Svalbard, Norway, a new study says.
REYKJAVIK: The climatic changes taking place in the Arctic are a call to action for the world. We must answer with more international cooperation and more research, says Tore Hattrem, State Secretary of Norway’s Foreign Ministry.
“Partnership should and shall shape the development of the Arctic, therefore cooperation is the starting point for our Arctic policy,” Vladimir Barbin, Senior Arctic Official and representative to the Arctic Council, said at the Arctic Circle 2015 assembly.
August 9th, the Barents Region celebrated the UN International Day of the World’s Indigenous Peoples. The day was commemorated in several parts of the region, including Karasjok in Northern Norway and Teriberka in Northwestern Russia.
Norway’s Foreign Minister Børge Brende has asked Russia for an explanation to the high number of asylum seekers coming to Norway via Russia. Syrian refugees that have lived in Russia for a long time, will be stopped on the border and sent back.