Gazprom’s revenue fell by 30% last year with a net loss of $6.9 billion, the largest in 25 years. Russia’s full-scale invasion of Ukraine led to worsening relations with Europe, limiting the operations of the company.
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.
Russia is expected to export natural gas to China with prices as much as 28% below those for Russia's European clients at least until 2027, Bloomberg reported on April 23, citing the Russian Economy Ministry's outlook.
A Ukrainian drone strike on Belgorod on April 12 damaged an administrative building of a "resource supply company," injuring two people, Belgorod Oblast Governor Vyacheslav Gladkov claimed.
Yuriy Vitrenko's desk, buried in paperwork, leaves little room for doubt – the winter of 2022 will be hard for Ukraine. Naftogaz, Ukraine's energy monopoly, will face an uphill battle to provide enough gas for this year's heating season, CEO Vitrenko told the Kyiv Independent. He said that this will be
The Russian state-owned gas export monopoly did not purchase any additional transit capacity through Ukraine for December on top of its contractually agreed minimum volume. The decision caused European gas futures to spike by over 5%. Gazprom is contractually obliged to pay Ukraine for the transit of 109 million cubic
