Oil and gas companies’ stock prices shot up this year despite otherwise miserable results for global equities. The energy sector as a whole saw share prices rise 60 percent in 2022, compared to a decline of more than 20 percent for the S&P 500 index overall, according to the Financial Times.
However, record profits have been met with animosity by many: U.S. President Joe Biden has accused fossil fuel companies of “war profiteering,” while several places, including the European Union, have imposed windfall taxes on them.
Alexei Miller, CEO of Gazprom, spoke of new routes for gas supplies to China. According to the CEO of Gazprom, consumption growth in the world is mainly associated with Asia, and therefore the Russian company is "strengthening its position"
Миллер рассказал о новых маршрутах поставок газа в Китай - Kommersant
The price of gas in Europe is 5 times lower than in August. Changes in wholesale gas prices are not directly reflected in those billed to consumers, as suppliers reduce their prices, especially during this period when prices can jump overnight.
Le gaz en Europe vaut cinq fois moins cher qu’en août - Le Monde
