Record profit from Gazprom in the third quarter

In the statement made by Gazprom, it was stated that the net income of the company increased by 70 percent in the third quarter compared to the same period of the previous year, reaching 2.4 trillion rubles.

It was noted that the company, which made a loss of 251 billion rubles in the third quarter of last year, broke a record with a profit of 581.8 billion rubles (approximately 7.8 billion dollars) in the same period of this year. Our gas shipments will be at a significantly higher price in the fourth quarter, which will positively impact our year-end financial results.” After the financial results were announced, Gazprom shares gained more than 3.5 percent in the Moscow stock market. Gazprom's natural gas export revenue decreased by 39.6 percent in 2020 compared to the previous year, falling to $ 25.2 billion.