gazprom
Gazprom, the Russian energy giant majority owned by the Kremlin has recently revealed the worst loss in more than 20 years, of 629 billion roubles (€6.38 billion) in 2023. This was much worse than the 447 billion roubles loss expected by the market, according to the Interfax news agency. It was also sharply at odds with the 1.2 trillion roubles profit seen in 2022. Furthermore, the company clocked in a sales net loss of 364 billion roubles in 2023, also a disappointment from the 1.9 trillion roubles profit seen in the previous year. Total revenue also dropped to 8.5 trillion roubles in 2023, a...
Euronews (English)
European energy ministers have agreed to extend for a second year voluntary measures to keep natural gas demand across to at least 15% below where they stood when Russia supplied some two-fifths of the bloc’s needs, while the EU executive said the bloc is ready to stop ongoing imports through war-torn Ukraine. Belgian energy minister Tinne Van der Straeten – who chaired an EU Council summit in Brussels on Monday (4 March) that included a discussion of ensuring reserves are filled in time for the next winter – said the emergency measures had “clearly worked” with gas demand across the 27-member...
Euronews (English)
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