Gazprom posts first annual loss in 20 years
The Russian state-owned energy giant Gazprom has posted its first annual loss in 20 years as it struggles with lost European revenues.
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The Russian state-owned energy giant Gazprom has posted its first annual loss in 20 years as it struggles with lost European revenues.
Gazprom has acquired a 27.5% stake in Russian liquefied natural gas (LNG) producer Sakhalin Energy for $1bn.
Gazprom has announced plans to reduce investment in operations by a fifth in 2024, reported The Moscow Times, citing AFP.
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