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Gazprom says reserves replacement ratio at 1.3 in 2013

Published April 22, 2014 Updated April 22, 2014 10:00am

1 min

By Shoaib Ur Rehman

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MOSCOW: Russia's top natural gas producer Gazprom said on Tuesday the group, which also includes its oil arm Gazprom Neft, replaced all gas reserves and increased them by almost a third in 2013 thanks to the discovery of new fields.

It said that it found new reserves amounting to 646.9 billion cubic metres, while production stood at 487.4 billion cubic metres.

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