Inside Russia’s Gazprom: can the ailing energy giant be revived?

The gas business of Russia's Gazprom is suffering catastrophic losses, and with it the Russian budget, about 40% of which is spent on the war, lacks money. Thus, this year, the volume of Russian gas supplies to Europe and Turkey will decrease more than fivefold compared to...

Gazprom Plans Major Corporate Overhaul Amid Financial Crisis – FT

Russian state energy giant Gazprom is undergoing a major restructuring as it faces its worst financial crisis in years, the Financial Times reported Wednesday, citing the company’s 2024 transformation presentation.

Inside Russia’s Gazprom: can the ailing energy giant be revived?

The gas and oil company is struggling to recover from record losses after Putin’s full-scale invasion of Ukraine destroyed its business model

According to a document internal to the company, the Russian gas giant Gazprom anticipates that its gas deliveries to Europe and Turkey should be divided by five this year compared to the levels of 2019 7. The interruption of a large part of Russian gas flows by gas pipeline since the invasion of Ukraine in 2022 has had important consequences on the group's economic model, which was at the top of the ranking of Russian companies with the largest…

Elena Ilyukhina is Putin's "chosen one" for the restructuring of Gazprom - What does the plan include?

Gazprom has planned a major restructuring due to record losses. The company will close several divisions and lay off many employees at the head office. Gazprom is planning a restructuring that ... ...