Gazprom loses its profit even against the background of growth of export to Europe
Edited by Rhod Mackenzie / 2013-08-15 05:18:55
In the first six months of 2013, Gazprom, in spite of the growth of gas supplies to Europe, has decreased its net profit by more than a third. The main reason of this decrease became exchange rate differences, MET costs and an increase of gas prime cost, as well as a dramatic, almost 40% fall of supplies to the Ukraine. At the same time Gazprom helped to improve rates of one of its main European consumers – the German RWE - with its retroactive payments. However, Gazprom will return a part of funds, reserved for this.
