INSUBCONTINENT EXCLUSIVE:
in a quarter-century and the largest in its history.Deputy board chairman Famil Sadygov said the 2023 loss was largely due to non-cash
That year marked a turning point for Gazprom, which was forced to shift its focus to Asia after European countries slashed Russian gas
quarter-century, according to the exiled news outlet Agentstvo.Revenue jumped 25% to 10.7 trillion rubles ($130.8 billion), while spending
dropped 3% to 2.4 trillion rubles
The company said its debt remained steady at 6.7 trillion rubles and that it held more than 1 trillion rubles in cash reserves.Sadygov
credited the improved performance to rising gas exports to countries like China, a stronger ruble that lowered foreign currency costs and
Ukraine shut down a major pipeline route at the start of this year, halting Russian gas flows to Europe via its territory.The Financial
Times reported earlier this year that Gazprom could lose up to 15 trillion rubles (nearly $179 billion) between 2025 and 2034
The company launched a major downsizing push last year in response to growing financial pressure.
