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The Guardian - UK
The Guardian - UK
Business
Alex Lawson Energy correspondent

Gazprom to pay Kremlin £8.6bn after record profits

Gazprom Kremlin Russia Engie European Union Nord Stream 1 Europe Vladimir Putin Nord Stream 1 gas
A Gazprom sign is seen on the facade of a business centre in Saint Petersburg, Russia.
A Gazprom sign is seen on the facade of a business centre in Saint Petersburg, Russia. Photograph: Reuters Photographer/Reuters

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.

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