Gazprom earning up as it plans 703 m tower

RUSSIA / FSU POLITICS - In Brief 30 May 2021 by Alex Teddy
On May 29 the Russian gas giant announced it recovered i Q1 in 2021. It made a profit of USD 6.1 billion. That was against a profit of USD 1.8 billion for the whole of 2020. Sales in Q1 2021 up 30% YoY.Most Gazprom exports go to the EU. Profits from these sales were 25% up in Q1. Prices in RUB were also up 34% YoY. In 2021 Gazprom anticipates a 5% increase in sales to the EU. Gazprom is planning to build a tower in St Petersburg. It will be 703 m tall.

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