Gazprom Sees First Annual Net Loss In 25 Years As Flows To Europe Fall To Lowest Levels In 5 Decades
Gazprom Group, Russia’s state-controlled gas giant, reported its first annual net loss since 1999, amounting to 629 billion rubles ($6.84 billion) in 2023. The loss is attributed to falling shipments to Europe and lower fuel prices, a stark contrast to …