The natural gas export revenue of Russian energy giant Gazprom increased by 57.7% to $16.2 billion in the first five months of 2021 compared to the same period last year.
According to the latest data from the Russian Federal Customs Service, Gazprom's natural gas export volume through pipelines grew by 15.3%, rising to 91.4 billion cubic meters in the January-May period compared to the same period last year.
One of the world's largest natural gas producers, Gazprom, is the only company authorized to export natural gas through pipelines in Russia.
- Oil export revenue up over 22%
Russia's oil exports revenue also expanded by 22.6% to $8.2 billion month-on-month.
The country's oil export volume rose by 18.9% to 18.6 million tons in May compared to the previous month, while oil income surged by 22.6% to $8.4 billion.
Oil and gas exports make up about 40% of the federal budget in Russia.
By Sibel Morrow