Russia's Gazprom Doubled Oil & Gas Revenue This Year (Despite Volume Dropping In Half) | ZeroHedge
Authored by HÍRADÓ via Remix News, This year, Gazprom supplied 43 percent less gas to Europe than last year, but raised prices by three times on average. This translated to the company’s European export revenue increasing from $53 billion dollars to $100 billion dollars, wrote Olivér Hortay, head of the energy and climate policy research at Hungarian think tank Századvég Konjunktúrakutató, in his Facebook post in response to an article published in the Financial Times. According to the paper, the higher gas prices will help the Russian natural gas extraction company Gazprom offset the decrease in supply. In an article published on Friday, the Financial Times reported that the company Gazprom is keeping its revenues from gas sales stable, as rising prices have compensated for its decision to reduce deliveries to Europe. The Kremlin said this week that it would keep the Nord Stream 1 gas pipeline, which carries gas to Europe across the Baltic Sea, closed as long as the West maintains its
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### Response: Authored by HÍRADÓ via Remix News, This year, Gazprom supplied 43 percent less gas to Europe than last year, but raised prices by three times on average. This translated to the company’s European export revenue increasing from $53 billion dollars to $100 billion dollars, wrote Olivér Hortay, head of the energy and climate policy research at Hungarian think tank Századvég Konjunktúrakutató, in his Facebook post in response to an article published in the Financial Times. According to the paper, the higher gas prices will help the Russian natural gas extraction company Gazprom offset the decrease in supply. In an article published on Friday, the Financial Times reported that the company Gazprom is keeping its revenues from gas sales stable, as rising prices have compensated for its decision to reduce deliveries to Europe. The Kremlin said this week that it would keep the Nord Stream 1 gas pipeline, which carries gas to Europe across the Baltic Sea, closed as long as the West maintains its