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Higher Gas Prices Offset lower Volumes: Gazprom

NATURAL GAS

Higher gas prices have offset the impact of lower volumes according to Gazprom’s Deputy CEO said this week.

  • "The draft budget in the new version reflects a 34% increase in revenues from gas sales compared to the original version of the budget. I note that the decline in exports was completely offset by an increase in the average price of gas sold to non-CIS countries." Famil Sadygov said.
  • "Strong results for six months of 2022 allowed us to avoid attracting external borrowings for the parent company, but in the second half of the year we consider it necessary to intensify work in the credit markets," Famil Sadygov stressed
Energy BulletsCommodities
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