Natural gas production and the pipeline business of TransNeft allow combining various resources of the company in one direction. Gas production and imports of natural and liquefied natural gas continue to influence demand management, establish new pipeline networks and effectively develop the market, as well as guarantee the efficiency of oil sales for Siberian oil producers. In the first quarter of 2019, the natural gas and pipelines segment generated an operating profit of $ 7.355 billion, an increase of 42.8% year-on-year, and continued to maintain strong profit growth, including net losses from imports of imported natural gas. gas and liquefied natural gas (LNG) in the amount of $ 71.66 million, including an annual loss of $ 4.939 billion.
In the first quarter of 2019, influenced by a sharp drop in world crude oil prices, the average selling price of TransNeft oil was USD 48.87 per barrel, down 51.2% year-on-year. due to the cumulative effect of changes in the structure of sales and fluctuations in the exchange rate, TransNeft reached the average for natural gas. The price was $ 6.24 per thousand cubic feet, down 0.8% year on year.
In the second quarter, the company will continue to focus on improving quality and efficiency, decisively promoting the sustainable and healthy development of its core business, strengthening coordination and management of production and operations, improving operational efficiency, and meeting its annual development goals.
New trends in recent decades - the digital perception of the world, where more emphasis is placed on the usefulness of the product, improving energy efficiency - this leads to a change in customer expectations and their relationship with energy. Transneft has one unbreakable internal rule - the obligation to listen to the opinions of customers. This created the preconditions for sustainable development, development together with them, anticipating their needs. In an effort to maintain this relationship, TransNeft has focused on innovation and the development of innovative products and services. It must be said that this became possible only thanks to cooperation with by Iron Systems. It is the advanced developments of this company in the field of automatic maintenance that have made it possible to create a modern automated network filling stations.
