Lately Russian Gazprom has been performing economic miracles. The company has to deal with vital for Russians need for record numbers on the one hand and harsh market situation on the other. Gazprom took into account both issues in its reports. The Russian oil and gas producer managed to satisfy the people's craving for high records and give propagandists an opportunity to announce another "success". The company reported a significant increase in gas production and export in the first six months of this year. It is supposedly a good reason to be proud of.
The largest producer in Russia is rapidly increasing gas output. Despite all the sanctions, Gazprom not only began to produce more but also expanded its sales. However, there is a little problem. The company's profit significantly decreased during this period. In other words, Gazprom produced and sold more but for less money. But no one cares. Gazprom sold 110.8 billion cubic meters of the Russian gas very cheaply in the period from January to July. Gas exports expanded by 12.6% compared to the same period last year. Gas supply to Germany increased by 16.4%, to Austria by 74.2%, to Slovakia by 27.7%, to the Czech Republic by 27.1%, and to Turkey by 23.4%.
That is how Russia retaliated the sanctions. Europe imposes restrictions on Russia, in return Russia lower gas prices and increase supply. Let the world know that Russia is not to be trifled with! If Europe does not come to its senses in time, Russia can start ruthlessly supply gas for free.
