Russia’s state-owned natural gas company announced record gains in the third quarter of this year after profiting from the global natural gas crisis, which triggered an all-time high in the global energy market Europe.
Gazprom, the world’s largest natural gas producer, said it expects higher profits in the last few months of this year because its European customers Winter energy crisis And set a high cost.
Its better-than-expected financial results included a net income of 581.8 billion rubles (£5.86 billion) from July to September, and a year ago when the average gasoline price of European buyers soared to $313.40 per 1,000 cubic meters. The loss meter will start from USD 117.2 in 2020.
Famil Sadygov, Vice Chairman of the Gazprom Management Committee, said: “Given the current dynamics, we expect the fourth quarter results to be even more impressive.”
In recent months, the Kremlin-backed company has received fierce criticism. Failure to increase natural gas exports to Europe Despite the tightening of global natural gas supply, market prices across the African continent have hit a record high.
The European’s largest natural gas supplier’s natural gas exports have fallen by about one-fifth compared to previous years, so critics believe that the company may try to manipulate the market by maintaining high prices or gaining political influence in its business. Plans to build Nord Stream 2, A controversial new gas pipeline project to Germany.
The company stated that it has fulfilled all its contractual obligations to European customers.
Record high oil prices have forced Some factories closed To avoid economic losses, households and businesses are expected to face record high bills and even power outages if the winter temperature is lower than expected.
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At the same time, rising oil prices have pushed up gasoline prices for motorists and could lead to further inflation of the entire economy.
Global Witness, a human rights movement organization, claimed that due to the energy crisis, the profits of the world’s largest oil and gas company increased by 24% compared to before the pandemic, reaching 65 billion U.S. dollars. Forcing thousands of citizens into poverty.
Senior Global Witness activist Jonathan Gant (Jonathan Gant) said that families have found it difficult to pay their bills and are “forced to make a tough choice between heating and eating”.
He said: “At the same time, the fossil fuel companies that are pushing to maximize the climate crisis are paying. Many times, people have little say in the energy they use for heating and cooking, which exacerbates the unfairness of natural gas prices.”
