The average price of Gazprom's gas exports to non-CIS countries for 6 months was 3.5 times higher than the price for the same period in 2021

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AK&M 27 September 2022 13:31

The average price of Gazprom's gas exports to non-CIS countries for 6 months of 2022 was more than 3.5 times higher than the price for the same period of 2021. This laid the foundation for record financial performance. This was stated by the deputy chairman of the Gazprom Management Board, Famil Sadygov, the company reports.

"In the first half of the year, we worked in conditions of high prices on the European gas market <...>," he said.

PJSC Gazprom (TIN 7736050003) is the world's largest gas company. Over 50% of the company's shares are under the control of the Russian Federation.

Gazprom Group's net profit under IFRS for the first half of 2022 increased 2.6 times and amounted to 2.5 trillion rubles. compared to a year earlier. The Group's EBITDA increased by 2 times and amounted to 3.05 trillion rubles.