Gazprom plunges into red as Europe gas demand drops

Gas giant has to temporarily idle its export pipelines as customers reduce purchases of Russian gas

Feeling blue: Russian gas giant Gazprom saw profits and revenues plunge due to a significant drop in gas demand in its prime European markets. — Feeling blue: Russian gas giant Gazprom saw profits and revenues plunge due to a significant drop in gas demand in its prime European markets.Photo: REUTERS/SCANPIX

Vladimir Afanasiev

Moscow

Russia Gazprom Yamal gas pipeline Nord Stream Blue Stream

Published 14 July 2020, 09:51Updated 14 July 2020, 09:51