Gazprom expects an increase of 55 billion cubic meters of gas production per year

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Russian gas giant Gazprom said on Tuesday that it expects its natural gas production to increase by 55 billion cubic meters to over 510 billion cubic meters in 2021, adding that a recent fire at its plant in northern Russia it will have a limited impact on production.

The company added that the potential launch of the Nord Stream 2 pipeline will not impact export volumes quest’year.

The company’s profits in the second quarter of quest’year more than tripled to 521.2 billion rubles ($ 7 billion), compared to the same period last year, in a context of recovery of the energy markets.

The company also added that its revenue in the three months from April to the end of June increased to 2.07 trillion rubles from 1.16 trillion in the same period in 2020.

He said he expects investments of 1.8 trillion rubles in 2021.

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