Gazprom Gas Sales Up on Price Increases
Russian energy company Gazprom said net sales of natural gas to European consumers during the first nine months of 2012 increased by 4 percent.
Gazprom, the largest natural gas company in the world, announced Thursday that net profits during the third quarter doubled to more than $10 billion, though profits fell overall during the first nine months of the year ending Sept. 30.
The company said net sales to European consumers and other countries increased 4 percent to $35.2 billion for the nine months ending Sept. 30. This was primarily because of a 9 percent increase in price. Actual natural gas deliveries to the region declined by 3 percent during the reporting period, or 120 billion cubic feet, the company stated.
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