Vladimir Putin instructed Gazprom to increase the volume of gas in UGS in Europe

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AK&M 27 October 2021 20:56

Russian President Vladimir Putin has instructed Gazprom to increase the volume of gas in UGS in Europe. He stated this at a meeting on the development of the resource potential of the Yamal Peninsula. The transcript is published on the Kremlin's website.

"Alexey Borisovich, well, I ask you, after you finish pumping gas into underground storage facilities in Russia, by November 8th or 8th, to start smooth and planned work to increase the volume of gas in your UGS in Europe - in Austria and Germany. This, as we understand, will make it possible to reliably, stably, rhythmically fulfill your contractual obligations, supply European partners with gas in the autumn-winter period and, among other things, will certainly create a favorable situation, more, in any case, a favorable situation in the European energy market as a whole," he said, addressing Alexey Miller, Chairman of the Gazprom Management Board.

PJSC Gazprom (TIN 7736050003) is the world's largest gas company. The authorized capital of Gazprom is 118.367 billion rubles. Issued 23673512900 ordinary shares with a par value of 5 rubles. The number of Gazprom shareholders in Russia and abroad is several hundred thousand. Over 50% of the company's shares are under the control of the Russian Federation. The depository of the ADR Gazprom program is The Bank of New York Mellon.

Gazprom's profit under IFRS for the first half of 2021 increased 22 times to 995.5 billion rubles from 45.46 billion rubles a year earlier. The profit attributable to the shareholders of PJSC Gazprom amounted to RUB 968.5 billion against RUB 32.92 billion. Profit from sales increased 5.2 times to 986.6 billion rubles from 189.98 billion rubles, revenue - 1.5 times to 4.4 trillion rubles from 2.9 trillion rubles. Net revenue from gas sales increased by 60% to 2.2 trillion rubles . Net revenue from gas sales to Europe and other countries increased by 93% to 1.46 trillion rubles. Net revenue from the sale of gas to the countries of the former Soviet Union increased by 35% to 187.7 billion rubles, from the sale of gas in the Russian Federation - by 17% to 574.16 billion rubles.