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Gazprom Reports 66 Percent Jump In Profits


Aleksei Miller, Gazprom's CEO (file photo) (ITAR-TASS) 30 January 2006 -- Russian state-run gas giant Gazprom says its net earnings in the first nine months of 2005 were, at $8.35 billion, 66 percent higher than in the same period of 2004.


Gazprom's profit exceeded forecasts by market analysts.


Since then, Gazprom has begun to renegotiate prices for its gas with a wide range of customers, prompting clashes between Moscow and the Ukrainian and Georgian governments.


(AFP)

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