russiangas
The state-owned Russian energy giant Gazprom reported a net loss of 629 billion rubles (nearly $6.9 billion) in 2023, the company's largest profit downturn in decades amidst falling gas prices and a limited European market. Gazprom published its international earnings report on May 2, revealing $6.84 billion in net losses in 2023, compared to a net income of 1.23 trillion rubles (about $13 billion) in 2022. Revenue from gas sales fell by 40% in one year, the report shows. Gazprom's 2023 losses represent the company's first report of annual net loss since 1999, according to Bloomberg. Since the...
Kyiv Independent (UK)
The state-owned Russian energy giant Gazprom reported a net loss of 629 billion rubles (nearly $6.9 billion) in 2023, the company's largest profit downturn in decades amidst falling gas prices and a limited European market. Gazprom published its international earnings report on May 2, revealing $6.84 billion in net losses in 2023, compared to a net income of 1.23 trillion rubles (about $13 billion) in 2022. Revenue from gas sales fell by 40% in one year, the report shows. Gazprom's 2023 losses represent the company's first report of annual net loss since 1999, according to Bloomberg. Since the...
Kyiv Independent
The state-owned Russian energy giant Gazprom reported a net loss of 629 billion rubles (nearly $6.9 billion) in 2023, the company's largest profit downturn in decades amidst falling gas prices and a limited European market. Gazprom published its international earnings report on May 2, revealing $6.84 billion in net losses in 2023, compared to a net income of 1.23 trillion rubles (about $13 billion) in 2022. Revenue from gas sales fell by 40% in one year, the report shows. Gazprom's 2023 losses represent the company's first report of annual net loss since 1999, according to Bloomberg. Since the...
Kyiv Independent (CA)
Over two years into Russia’s full-scale invasion of Ukraine, and Europe is still addicted to Russian fossil fuels. In spite of 13 sanctions packages against Russia and endless words of solidarity for Ukraine, recent data has revealed that many European Union countries continue to import massive amounts of liquified natural gas (LNG), propping up Russian President Vladimir Putin’s genocidal regime. The European Union has taken steps to break free from Russian fossil fuels in the wake of the full-scale invasion, having launched the REPowerEU plan in May 2022 to mitigate Russia’s energy blackmail...
Kyiv Independent
Over two years into Russia’s full-scale invasion of Ukraine, and Europe is still addicted to Russian fossil fuels. In spite of 13 sanctions packages against Russia and endless words of solidarity for Ukraine, recent data has revealed that many European Union countries continue to import massive amounts of liquified natural gas (LNG), propping up Russian President Vladimir Putin’s genocidal regime. The European Union has taken steps to break free from Russian fossil fuels in the wake of the full-scale invasion, having launched the REPowerEU plan in May 2022 to mitigate Russia’s energy blackmail...
Kyiv Independent (CA)
Over two years into Russia’s full-scale invasion of Ukraine, and Europe is still addicted to Russian fossil fuels. In spite of 13 sanctions packages against Russia and endless words of solidarity for Ukraine, recent data has revealed that many European Union countries continue to import massive amounts of liquified natural gas (LNG), propping up Russian President Vladimir Putin’s genocidal regime. The European Union has taken steps to break free from Russian fossil fuels in the wake of the full-scale invasion, having launched the REPowerEU plan in May 2022 to mitigate Russia’s energy blackmail...
Kyiv Independent (UK)
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