Russia’s state-backed gas supplier has lost a significant European contract, dealing a setback to Vladimir Putin’s war-driven economy.
Gazprom’s profits have surged threefold as it ramps up sales to China.
Gazprom, the Kremlin-owned gas giant, announced today that its profit for the first half of the year has more than tripled compared to the same period last year.
Gazprom’s gas production has significantly declined due to its inability to replace its European clients.
Russian energy giant Gazprom produced 13% less natural gas last year after failing to diversify its sales away from Europe following Russia’s invasion of Ukraine.
Russia’s Gazprom experiences significant downturn due to Ukraine war
Gazprom, the Kremlin-backed gas giant, is unlikely to recover the revenues lost due to Vladimir Putin’s war in Ukraine for at least a decade, according to a study reportedly commissioned
Gazprom Reports £5bn Loss, Delivering a Setback to Putin
Russian natural gas conglomerate Gazprom reported a significant loss of 629 billion roubles (£5.5bn) last year, as its sales to Europe sharply declined following President Vladimir Putin’s decision to invade
Russian energy conglomerate Gazprom earns a profit of £39 million in the North Sea.
Gazprom, the Russian state-owned energy behemoth, reported a €45 million (£39 million) profit from its operations in the North Sea’s Sillimanite gas field, leading to increased demands for more stringent