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Losses of Russian energy giant Gazprom almost doubled
The net loss of the Russian energy giant Gazprom under Russian Accounting Standards (RAS) totalled RUB 480.64 billion (roughly US$5.5 billion) in the first half of 2024 after RUB 255 billion (roughly US$2.95 billion) of losses in January-June 2023.
Source: enkorr, a Ukrainian energy-related news outlet, citing the company's financial statements Details: Gazprom calculates dividends from the group's consolidated profit in accordance with International Financial Reporting Standards (IFRS), which, in addition to the gas business, also includes oil, power and liquefied natural gas divisions. Background: In 2023, natural gas supplies to Europe by the Russian energy giant Gazprom decreased by 55.6% to 28.3 billion cubic metres.
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