Gazprom’s profits plunge in past year

That’s according to Kommersant which obtained the company’s financial reporting papers, Ukrinform wrote.

In turn, Gazprom's revenue in 2022 reached RUB 7.979 trillion, which is about 25% more against 2021 (RUB 6.39 trillion).

According to Kommersant, in 2022, gas output in Russia decreased by 11.8%, to 672 billion cubic meters. This happened against the backdr of a reduction in supplies to Eure to historic lows.

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As reported, in early September 2022, Gazprom put to a full halt its gas supplies to Eure through the Nord Stream 1 pipeline, explaining its move by technical issues. In addition, Russian authorities previously stped supplies to some Eurean countries that refused to pay for gas in rubles amid Russia’s invasion of Ukraine.

At the end of the same month, explosions rocked at the underwater section of the Nord Stream gas pipeline systems in the Baltic Sea. As a result, three out of four pipes sustained damage.

Gazprom continues to supply gas to Eure through the transit branch laid via Ukraine, as well as through TurkStream.