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Caucasus/Russia/Central Asia

Gazprom in turmoil, forced to hike prices on Russians in the middle of winter

2025-01-25

[REMIX] Facing losses, huge debts, and layoffs, Gazprom is now turning to Russian citizens to help it out of its financial woes, writes "Rzeczpospolita."

Gazprom’s management is reportedly demanding that the Kremlin raise gas prices threefold on the domestic market.

Alexey Sakharov, head of Gazprom’s strategic department, spoke about the company’s difficult situation: "The current level of regulated wholesale gas prices in Russia does not ensure the creation of financial resources in sufficient quantities to make the necessary capital investments in the maintenance and development of gas infrastructure in the interests of Russian customers. And this cannot but affect the reliability of gas supplies in the long term," he warned during a meeting of the Council of Experts in the State Duma.

Sakharov argued that the price of gas for Russians must rise to a level that will allow Gazprom to provide gas to all regions and implement investment projects. The company will also have to triple the tariffs for gas transmission for independent producers.

Posted by:Besoeker

#2 Who do they think they are, California?

Posted by: Procopius2k 2025-01-25 13:22

#1 Pull out of the Ukraine. Perhaps there is something we can do to lesson the "turmoil."

Posted by: Besoeker 2025-01-25 12:08

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