Russian gas giant Gazprom said its net sales of gas increased by 10 percent to RUB 1,001,609 million in the first quarter, as compared to the same period a year ago.
In the three months ended March 31, net sales of gas to Europe and other countries increased by 12 percent to RUB 542,993 million, Gazprom said in a statement on Monday.
This is primarily explained by the increase in average prices in RUB terms (including excise tax and customs duties) by 37 %, according to Gazprom.
The change is primarily due to increase in exchange rate, which is partially compensated by the decrease in volumes of gas sold by 16 %, or 7.6 bcm.
Gazprom’s profit totaled RUB 382,112 million, up by 71 percent as a result of a weaker ruble.
1 Russian ruble = 0.015522 U.S. dollars
LNG World News Staff; Image: Gazprom