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Gazpromexport’s 2011 revenues up 30 pct to 57 bln dlrs

The highest gas import growth rates in 2011 were shown by Turkey, Italy, Greece, Romania and Britain

MOSCOW, May 26 (Itar-Tass) —— The revenue of Gazprom Export in 2011 increased by about 30 percent as compared with the previous year to 57 billion dollars, Gazprom Export CEO Alexander Medvedev told Gazprom magazine in an interview, published on the company’s website.

According to Itar-Tass sources, Gazprom Export in 2010 earned 43.8 billion dollars. Last year’s revenue had been expected at a level of 60 billion dollars.

Medvedev said the overall amount of gas sold through Gazprom Export to non-CIS countries in 2011 was up against 2010 by more than eight percent from 138.6 billion cubic meters to 150 billion cubic meters, and the revenues, according to preliminary estimates, was up by 30 percent. The Gazprom group’s overall sales according to international accounting standards, reached 156.6 billion cubic meters.

“The highest gas import growth rates in 2011 were shown by Turkey, Italy, Greece, Romania and Britain,” Medvedev said.