{"id":5454,"date":"2021-11-29T16:25:06","date_gmt":"2021-11-29T16:25:06","guid":{"rendered":"http:\/\/mediateka.online\/learnrussian\/russias-gazprom-reports-record-earnings-amid-global-gas-crisis.html"},"modified":"2021-11-29T16:25:06","modified_gmt":"2021-11-29T16:25:06","slug":"russias-gazprom-reports-record-earnings-amid-global-gas-crisis","status":"publish","type":"post","link":"https:\/\/mediateka.online\/learnrussian\/russias-gazprom-reports-record-earnings-amid-global-gas-crisis.html","title":{"rendered":"Russia\u2019s Gazprom reports record earnings amid global gas crisis"},"content":{"rendered":"<p>Company expects higher profits for final months of 2021 as customers in Europe face soaring energy costs<\/p>\n<figure id=\"d0e88dd8-6ced-4bd6-88ea-2441a4d7ea65\" class=\"dcr-13udsys\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/i.guim.co.uk\/img\/media\/58e450fb0e654005f03fa8f0a4d1bb005e1f97fd\/25_392_5189_3113\/master\/5189.jpg?width=465&amp;quality=45&amp;auto=format&amp;fit=max&amp;dpr=2&amp;s=c1f2450f1b4afe2d3764a5fb00da2439\" alt=\"An inlet manifold of air coolers of Ladoga GCU-32 gas compressor units at the Slavyanskaya compressor station (operated by Gazprom), the starting point of the Nord Stream 2 offshore natural gas pipeline.\" height=\"1200\" width=\"2000\" class=\"dcr-1989ovb lazyload\"><noscript><img decoding=\"async\" alt=\"An inlet manifold of air coolers of Ladoga GCU-32 gas compressor units at the Slavyanskaya compressor station (operated by Gazprom), the starting point of the Nord Stream 2 offshore natural gas pipeline.\" src=\"https:\/\/i.guim.co.uk\/img\/media\/58e450fb0e654005f03fa8f0a4d1bb005e1f97fd\/25_392_5189_3113\/master\/5189.jpg?width=465&amp;quality=45&amp;auto=format&amp;fit=max&amp;dpr=2&amp;s=c1f2450f1b4afe2d3764a5fb00da2439\" height=\"1200\" width=\"2000\" class=\"dcr-1989ovb\"><\/noscript> Gazprom has been criticised for failing to ramp up gas exports to Europe despite record high market prices because of the global supply crunch. Photograph: Peter Kovalev\/TassGazprom has been criticised for failing to ramp up gas exports to Europe despite record high market prices because of the global supply crunch. Photograph: Peter Kovalev\/Tass<\/figure>\n<p> Energy correspondent<\/p>\n<p class=\"dcr-o5gy41\">Russia\u2019s state gas company has reported record earnings for the third quarter of the year after profiting from a global gas crisis that has ignited historic energy market highs across Europe.<\/p>\n<p class=\"dcr-o5gy41\">Gazprom, the world\u2019s largest gas producer, said it expected even higher profits for the final months of the year as its customers in Europe brace for a winter energy crisis and record high costs.<\/p>\n<p id=\"sign-in-gate\">\n<p class=\"dcr-o5gy41\">Its better-than-expected financial results included a net income of 581.8bn rubles (\u00a35.86bn) from July to September compared with a net loss a year ago after the average gas price it earned from buyers in Europe increased to $313.40 per 1,000 cubic metres from $117.2 in 2020.<\/p>\n<p class=\"dcr-o5gy41\">Famil Sadygov, Gazprom\u2019s deputy chairman of the management committee, said: \u201cGiven the current dynamics, we are expecting even more impressive results in the fourth quarter.\u201d<\/p>\n<p class=\"dcr-o5gy41\">The Kremlin-backed company has come under fierce criticism in recent months for failing to ramp up gas exports to Europe, despite record high market prices across the continent on the back of a global supply crunch.<\/p>\n<p class=\"dcr-o5gy41\">Europe\u2019s largest gas supplier has exported about one-fifth less gas than in previous years, leading critics to suggest that the company may be trying to manipulate the market by keeping prices high or gain political leverage in its plan to build Nord Stream 2, a controversial gas pipeline project to Germany.<\/p>\n<p class=\"dcr-o5gy41\">The company has said that it has met all its contractural obligations to customers in Europe.<\/p>\n<p class=\"dcr-o5gy41\">The record high gas prices have already forced the shutdown of some factories to avoid the financial toll, and households and businesses are expected to face record high bills and even blackouts if winter temperatures are colder than expected.<\/p>\n<figure id=\"74c6bf42-a3ce-4380-a6f1-1fbefee6e232\" class=\"dcr-10khgmf\"><iframe data-src=\"https:\/\/www.theguardian.com\/email\/form\/plaintone\/business-today\" id=\"business-today\" name=\"business-today\"  scrolling=\"no\" seamless=\"\" class=\"iframed--overflow-hidden email-sub__iframe lazyload\" height=\"52px\" frameborder=\"0\" data-component=\"email-embed--business-today\" title=\"Guardian business email sign-up\"><\/iframe>Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk<\/figure>\n<p class=\"dcr-o5gy41\">Meanwhile, rising oil prices have inflated pump prices for motorists and may contribute to further inflation across the economy.<\/p>\n<p class=\"dcr-o5gy41\">Global Witness, a human rights campaign group, has claimed that the world\u2019s biggest oil and gas companies have enjoyed a 24% profit increase compared with pre-pandemic levels, to a total of $65bn, as a result of the energy crisis, which could force thousands of citizens into poverty.<\/p>\n<p class=\"dcr-o5gy41\">Jonathan Gant, a senior campaigner at Global Witness, said households have already found it hard to pay bills and are being \u201cforced to make the stark choice between heating and eating\u201d.<\/p>\n<p class=\"dcr-o5gy41\">He said: \u201cMeanwhile, the largest fossil fuel companies that are driving the climate crisis are lining their pockets. All too often, people have little say over what energy they use to warm their homes and cook their meals, compounding the unfairness in the rise in gas prices.\u201d<\/p>\n<p><!--noindex--><a target=\"_blank\" rel=\"nofollow noopener\" href=\"http:\/\/www.theguardian.com\/business\/2021\/nov\/29\/russia-gazprom-reports-record-earnings-amid-global-gas-crisis-energy\">Source<\/a><!--\/noindex--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company expects higher profits for final months of 2021 as customers in Europe face soaring energy costs Gazprom has been criticised for failing to ramp up gas exports to Europe despite record high market prices because of the global supply crunch. Photograph: Peter Kovalev\/TassGazprom has been criticised for failing to ramp up gas exports to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/i.guim.co.uk\/img\/media\/58e450fb0e654005f03fa8f0a4d1bb005e1f97fd\/25_392_5189_3113\/master\/5189.jpg?width=465&amp;quality=45&amp;auto=format&amp;fit=max&amp;dpr=2&amp;s=c1f2450f1b4afe2d3764a5fb00da2439","fifu_image_alt":"","footnotes":""},"categories":[87],"tags":[],"class_list":["post-5454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news-from-russia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Russia\u2019s Gazprom reports record earnings amid global gas crisis - Learn Russian<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mediateka.online\/learnrussian\/russias-gazprom-reports-record-earnings-amid-global-gas-crisis.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russia\u2019s Gazprom reports record earnings amid global gas crisis - Learn Russian\" \/>\n<meta property=\"og:description\" content=\"Company expects higher profits for final months of 2021 as customers in Europe face soaring energy costs Gazprom has been criticised for failing to ramp up gas exports to Europe despite record high market prices because of the global supply crunch. Photograph: Peter Kovalev\/TassGazprom has been criticised for failing to ramp up gas exports to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mediateka.online\/learnrussian\/russias-gazprom-reports-record-earnings-amid-global-gas-crisis.html\" \/>\n<meta property=\"og:site_name\" content=\"Learn Russian\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-29T16:25:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i.guim.co.uk\/img\/media\/58e450fb0e654005f03fa8f0a4d1bb005e1f97fd\/25_392_5189_3113\/master\/5189.jpg?width=465&quality=45&auto=format&fit=max&dpr=2&s=c1f2450f1b4afe2d3764a5fb00da2439\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i.guim.co.uk\/img\/media\/58e450fb0e654005f03fa8f0a4d1bb005e1f97fd\/25_392_5189_3113\/master\/5189.jpg?width=465&quality=45&auto=format&fit=max&dpr=2&s=c1f2450f1b4afe2d3764a5fb00da2439\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/mediateka.online\\\/learnrussian\\\/russias-gazprom-reports-record-earnings-amid-global-gas-crisis.html#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/mediateka.online\\\/learnrussian\\\/russias-gazprom-reports-record-earnings-amid-global-gas-crisis.html\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/mediateka.online\\\/learnrussian\\\/#\\\/schema\\\/person\\\/0d6f5f7bbb19440e07a465cadacf8014\"},\"headline\":\"Russia\u2019s Gazprom reports record earnings amid global gas crisis\",\"datePublished\":\"2021-11-29T16:25:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/mediateka.online\\\/learnrussian\\\/russias-gazprom-reports-record-earnings-amid-global-gas-crisis.html\"},\"wordCount\":520,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/mediateka.online\\\/learnrussian\\\/russias-gazprom-reports-record-earnings-amid-global-gas-crisis.html#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i.guim.co.uk\\\/img\\\/media\\\/58e450fb0e654005f03fa8f0a4d1bb005e1f97fd\\\/25_392_5189_3113\\\/master\\\/5189.jpg?width=465&quality=45&auto=format&fit=max&dpr=2&s=c1f2450f1b4afe2d3764a5fb00da2439\",\"articleSection\":[\"Latest News From Russia\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/mediateka.online\\\/learnrussian\\\/russias-gazprom-reports-record-earnings-amid-global-gas-crisis.html#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/mediateka.online\\\/learnrussian\\\/russias-gazprom-reports-record-earnings-amid-global-gas-crisis.html\",\"url\":\"https:\\\/\\\/mediateka.online\\\/learnrussian\\\/russias-gazprom-reports-record-earnings-amid-global-gas-crisis.html\",\"name\":\"Russia\u2019s Gazprom reports record earnings amid global gas crisis - 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