the Revenue of “Gazprom” grew in the I quarter of 2020 1,126 trillion roubles, which is 22% less than in the same period last year, according to the report of the concern.

Cost of sales amounted to 676,35 billion, a decrease of 7%.

Gazprom also reported a loss of $ 306,23 billion rubles against profit in 199,47 billion received in January—March 2019.

Thus, the group confirmed the calculations of “Interfax”, made a month ago. Then, the Agency pointed out that “Gazprom” in I quarter of this year for the first time in its history, began to operate at a loss, counting on Russian accounting standards (RBSU), and the amount of loss amounted to 306 billion rubles.

Issues of concern have become abnormally warm winter and the overcrowding of the European repositories, in which the company is actively pumped gas to improve the statistics for 2019. His role was played by the increase of other manufacturers in the supply of liquefied natural gas (LNG) to the European market. In the aggregate, a dramatic excess of supply over demand led to a record reduction in the cost of fuel indicated

it was Also reported that by 2020, Gazprom has budgeted the sum of $133 per thousand cubic meters with a possible drop to $70 in summer, however, the pandemic coronavirus infection COVID-19 dealt another blow.

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