Politicians wait to see whether Russia switches back on Nord Stream 1 gas supply to Europe

Russian state-backed energy firm Gazprom is poised to hand a bumper £8.6bn payout to the Kremlin after notching up record profits.

The company reported a net profit of 2.5tn roubles (£35.8bn) for the first six months of this year. Oil and gas prices soared during that period, pushed higher by concerns over supplies after Russia’s invasion of Ukraine.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Fatal disconnection: how an elderly couple’s deaths shaped UK energy policy

The discovery of the bodies of Gertrude and George Bates at home…

Majority of Americans will wait to get Covid vaccine, poll shows

Six in 10 respondents in a new Axios/Ipsos poll said they would…

NHS begins treating sleep apnoea with pioneering chest implant

Small device already used in Europe and US works by making tongue…