Russia exports less gas to EU but earns more

Surging energy prices help Gazprom offset falling supply to European customers Western sanctions aimed at damaging the Russian gas industry have had the opposite effect, as skyrocketing energy prices have helped gas giant Gazprom increase profits. Despite a sharp drop in supplies to the EU, the company doubled its export revenue, according to Oliver Hortay, head of energy and climate policy research at a Hungarian think tank. “Gazprom is delivering 43% less gas to Europe this year than last year, which on average raises prices three times. The company's European export revenue will increase from $53 billion to $10

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