Record sales in Europe helped Russian energy giant Gazprom double its profits last year, it said today.
The company’s profits reached nearly 1.5 trillion roubles (£17.5bn) in 2018.
The big profits were helped as its exports to Europe and Turkey reached a record 202bn cubic metres, despite political tensions.
The European Commission has called on its member states to wean off Russian gas, and a row has erupted over the Nord Stream 2 gas pipeline which links Russia directly to Germany via the Baltic Sea.
The company accounts for around five per cent of Russia’s $1.6tn annual gross domestic product (GDP).
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Gazprom’s sales to Europe account for around 70 per cent of its gas revenue.
The company has gone through a change in management where finance chief Andrey Kruglov, and head of exports Alexander Medvedev, left, while Putin-ally Alexei Miller stayed at the helm as chief executive.