Business growth

In the first six months of 2020, Gazprom halved its export revenues to $11.3 billion. The average gas export price also fell 2-fold, to $82 per 1,000 cubic meters in June against $162 per 1,000 cubic meters in January. In addition to the price decline, the results were affected by a 17.8% decline in export volumes, to 91 bcm. In addition, Gazprom's share in European markets also continues to decline: during the first 5 months of the year. In 2020 it amounted to 31%, having decreased by 3 p.p. in the first 5 months.