Gazprom Gas Sales Up on Price Increases

From UPI

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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