Gazprom’s net profit halved in 2022 — Meduza

At the end of 2022, Gazprom amounted to 747.246 billion rubles, Kommersant reports with reference to the company’s financial statements.

Thus, this indicator of Gazprom has decreased by more than three times or 72.2% compared to 2021, when the company declared a net profit of 2,684 billion rubles.

In turn, Gazprom’s revenue in 2022 reached 7,979 billion rubles, which is about 25% more than in 2021. Then it was 6.39 trillion rubles, Remarks RBC.

According to Kommersant, in 2022 gas production in Russia fell by 11.8% to 672 billion cubic meters. This happened against the backdrop of a reduction in supplies to Europe to historically low levels.

At the beginning of September 2022, Gazprom completely stopped the gas supply to Europe via the Nord Stream 1 gas pipeline, explaining their actions due to technical problems. In addition, Russian authorities previously halted deliveries to some European countries that refused to pay for gas in rubles during the Russian invasion of Ukraine.

At the end of the same month, on the section of the Nord Stream gas pipeline networks in the Baltic Sea arrived . As a result, three out of four gas pipelines were damaged.

Gazprom keep on going supply gas to Europe via a transit line through Ukraine, as well as via the Turkish Stream.

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