Russia’s Gazprom announced the highest quarterly profit in its history, at 581.8 billion rubles ($ 7.8 billion) for the third quarter, reflecting the highest gas prices.
The Kremlin-controlled oil and gas company, which a year ago lost 251 billion rubles, has benefited from record gas prices in Europe, its main source of revenue.
The company’s share increased by 3% in transactions in Moscow.
Gas prices have risen due to limited supply amid a broad economic recovery.
Some politicians and experts have accused Gazprom of not supplying enough gas to ease the crisis. The company, for its part, has stated that it is fulfilling all its obligations regarding the gas supply.
Gazprom said average gas prices in Europe and elsewhere rose to $ 313.40 per 1,000 cubic meters in the third quarter, up from $ 117.2 million a year ago.
The company stressed that July-September revenues increased to 2.4 trillion. Rubles, also high-quarter record, from 1.4 trillion. Dollars a year ago.
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Source From: Capital
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