Gazprom increases retail sales by 16% in 1H2018

posted on 20th August 2018 by Justin Burns
Gazprom increases retail sales by 16% in 1H2018

Gazpromneft-Aero has today announced in its half year results that it increased the volume of retail sales of aircraft jet fuel to 1.28 million tonnes – a 16 per cent year-on-year (YOY) rise.

The aviation fuel operator said it “strengthens the company’s leading position in the Russian jet fuel market”. The total volume of jet fuel sales in the first half of the year exceeded 1.7 million tonnes.

Gazpromneft-Aero’s international distribution network has expanded to 253 airports (including three new airports this year) across 63 countries, which it said was driven by the continuous development of partnerships with leading jet fuel suppliers in the local markets.

The company’s international fueling volumes have increased by 31 per cent YOY to over 120,000 tonnes of jet fuel. Gazpromneft-Aero has developed the largest own brand distribution network in the domestic market, which comprises of 51 refueling stations.

Gazpromneft-Aero chief executive officer, Vladimir Egorov said: “The first half of 2018 saw stable volume growth in air transportation and jet fuel consumption. Factors such as the 2018 FIFA World Cup in Russia, as well as the introduction of new routes from Russian airports to Europe and Asia have contributed to that growth.

“The volume of refueling has particularly increased in Novosibirsk, Krasnoyarsk and Yekaterinburg. Through expanding our international distribution network and maintaining our high level of services, we were able to achieve a significant milestone in June 2018: 30 million tons of jet fuel sold since the establishment of the aviation-fuel business of Gazprom Neft.

“We regularly monitor the most popular routes and continue to offer attractive terms of refueling in key countries.”