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Joint Stock Company Gazprom Promgaz (Russian: ... In 2023 the company's profit is 166 344 000 rubles, the revenue in 2023— 2 547 959 000 rubles. References
In the second half of 2022 and into 2023 Gazprom probably did not make a profit at all as a result of falling exports. [179] Overall Gazprom made a profit of 1.226 trillion roubles ($15.77 billion) in 2022, down 40%, after an extra tax was levied in late 2022. [180]
LNG exporters are taxable in Russia on profits at 20% plus 3% in 2017-24, which increased from 2023-25 with an elevated profits tax of 34%. However Gazprom was exempt from the rise; this resulted in February 2023 in complaints from Novatek. [44]
Gasprom expects exports of gas in 2023 to be half of 2022. [5] Russian gas production in 2023 is expected to fall from 673bcm to 630Bcm with Gazprom production falling from 412.6Bcm to 390Bcm. [39] 2023 Exports to Europe total just 8.14Bcm in first 4 months of 2023, [40] with gas continuing to move through a Ukraine pipeline at 40-42mcm per day.
The state-owned Russian energy firm earned £39m from its Dutch-UK gas field in 2022, accounts show.
[100] In 2020, the Stockholm Arbitral Tribunal ruled that PGNiG's long-term contract gas price with Gazprom linked to oil prices should be changed to approximate the Western European gas market price, backdated to 1 November 2014 when PGNiG requested a price review under the contract. [101] [102] Gazprom had to refund about $1.5 billion to PGNiG.
Yamal – through Belarus and Poland – ceased May 2022 – Poland took over the 48% Gazprom share of the pipe in Poland in 2023 and does not want to reopen the pipeline; Ukraine transit – one route operational with around 13 billion cubic metres per year (460 billion cubic feet per year), the other is closed as it is in the war zone.
The effect of sanctions, especially the price caps on both crude oil and processed oil which came into effect in late 2022, early 2023 resulted in an immediate fall in Russia's oil revenues with Q1 of 2023 recording income of just $19.61 billion, far below the 2023 budget of $35 billion per quarter and the 2022 results which averaged $42 ...