EnergyWatch

Gazprom achieves striking growth

2016 was a solid year for Russian gas giant Gazprom, which surprised with a strong earnings leap.

Photo: JENS MEYER/AP/POLFOTO

Russian gas giant Gazprom is in a strong position to battle it out with the EU Commission over European gas prices, and in its efforts to install gas pipeline Nord Stream 2 despite concerns from Denmark and other Northern European countries.

At least, if its latest figures are anything to go by. 2016 proved a solid year for the gas company, where Gazprom earned USD 16.7 billion (EUR 15.3 billion) corresponding to 21 percent growth.

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