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.
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Ukraine consumes 70 billion cubic meters (bcm) of gas per year. It produces 20 bcm of its own gas, has a signed contract to import 40 bcm from Turkmenistan, and in 2005 was getting 29 bcm from Russia as payment for transit of Russian gas.
Ukraine sells some 7 bcm of gas a year to the West and places some in underground storage facilities. These facilities can hold 34.5 bcm.