russiangas
European Union countries failed to approve a new sanctions package targeting the Russian gas industry after German authorities intervened to block the deal at the last minute. The measures would have banned EU member states from re-exporting Russian liquified natural gas (LNG) from EU ports and financing planned Arctic and Baltic LNG terminals. German officials reportedly expressed concern about an expanded measure that would force EU companies to guarantee their customers cannot go on to sell sanctioned goods to Russia. This restriction previously only applied to firearms, military equipment,...
Kyiv Independent (UK)
The state-owned Russian energy giant Gazprom reported a net loss of 629 billion rubles (nearly $6.9 billion) in 2023, the company's largest profit downturn in decades amidst falling gas prices and a limited European market. Gazprom published its international earnings report on May 2, revealing $6.84 billion in net losses in 2023, compared to a net income of 1.23 trillion rubles (about $13 billion) in 2022. Revenue from gas sales fell by 40% in one year, the report shows. Gazprom's 2023 losses represent the company's first report of annual net loss since 1999, according to Bloomberg. Since the...
Kyiv Independent (UK)
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