For the first time in 25 years, the Russian monopolist Gazprom closed 2023 with a loss of 629 billion rubles.
Forbes publishes the annual ranking of the largest Russian companies by net income. Last year’s leader was the largest gas company in Russia Gazprom – in 2024, it not only lost its position, but also did not enter the leading road. The Moscow Times writes about it on Thursday, September 26.
For the first time in 25 years Gazprom closed 2023 with a loss of 629 billion rubles, while a year earlier its income reached 1.23 trillion rubles.
According to an internal report, it is not possible to restore gas exports to previous levels in the next 10 years. By 2035, exports are expected to average only 50-75 billion cubic meters per year – about a third of the levels before Russia’s full-scale invasion of Ukraine.
Main cause of injury Gazprom There has been a sharp cut in gas production and supplies in Europe, caused by sanctions imposed on Russia as a result of the war against Ukraine.
In 2023, the company’s gas production fell to 404 billion cubic meters – this is the lowest level since 1990. The volume of supplies abroad reached only 69 billion cubic meters, which is the lowest figure since 1985.
Only 28 billion cubic meters of gas were exported to Europe, which corresponds to the level of the late 1970s.
We remind you that the damage record, Western sanctions and China’s rejection of a new contract for Russian gas are disrupting the plans Gazprom for the development of Arctic deposits.
Source: korrespondent
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