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IC - Gazprom doubles net profit to over $22B in 2018 - May 2019

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Russia’s gas colossus Gazprom reported a doubling of its profits to RUB1.46 trillion ($22.6 billion) as the company sold record amounts of gas to Europe and Turkey last year. It sold over 7.1 Tcf to those markets, and also reported growth in oil and gas processing, crude and gas condensate. The combination of higher gas prices and a weak ruble resulted in the record profits. Its Gazprom’s highest net income since 2013. Revenue for 2018 was RUB8.4 trillion ($119......
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