BERLIN (AP) — German energy company Uniper said Wednesday that a tribunal has awarded it more than 13 billion euros (nearly $14 billion) in damages for gas that Russia’s Gazprom hasn’t supplied since 2022. Uniper said the arbitration tribunal based in Stockholm also ruled on June 7 that it has the right to terminate long-term […]
By Vladimir Soldatkin MOSCOW (Reuters) – Kremlin-owned energy kingpin Gazprom, once Russia’s most profitable company, could face a long period of poor performance as it struggles to fill the gap of lost European gas sales with its domestic market and Chinese exports. The company recently announced an annual net loss of $7 billion, its first […]
The Gazprom logo can be seen on a branch of the Russian state-owned company in St. Petersburg. -/dpa Russia state-controlled energy giant Gazprom was in the red last year for the first time in almost a quarter of a century after trade with Europe nosedived in the wake of the invasion of Ukraine. Gazprom reported […]
Exports to Europe have long been Gazprom’s top earnings source (NATALIA KOLESNIKOVA) Russian energy giant Gazprom said Thursday it suffered a record annual loss last year as the European market was practically shut to its gas exports due to sanctions over Moscow’s military operation in Ukraine. The state-owned firm suffered a net loss of 629 […]
Russian fossil fuel giant Gazprom has lost $11 billion for the 2023 fiscal year, and is set to lose even more as a gas transit agreement to Europe via Ukraine expires, Danil Getmantsev, chair of the Committee on Finance, Taxation and Customs Policy of the Ukrainian parliament, said on Telegram on Jan. 15. “In 2024, the […]