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ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

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The Sukuk were offered in a five-year and a 10-year tranche.

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Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

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Russian gas to Europe via Ukraine down by almost a third

FOR REPRESENTATION PURPOSE ONLY AFP
  • Ukraine's pipeline operator GTSOU said that it was halting gas transport at the Sokhranivka transit point
  • Germany said Wednesday that it saw a 25 percent drop in supplies of Russian gas flowing through Ukraine

Russian gas transiting via Ukraine to Europe dropped by a third Thursday after Kyiv suspended supplies through a key route, Russian energy giant Gazprom said.

Ukraine’s pipeline operator GTSOU said that it was halting gas transport at the Sokhranivka transit point from Wednesday as Russian occupying forces now in control were interfering with operations.

The move comes as Russia’s military campaign in pro-Western Ukraine enters its third month.

Gazprom told the Interfax news agency that supplies transiting Ukraine on Thursday were at 50.6 million cubic meters in total, compared to 72 million cubic meters the day before.

Ukraine’s GTSOU on its website provided slightly different figures, saying 53 million cubic meters would transit on Thursday compared to 73 million cubic meters the day before.

Ukraine is a major supply route for Russian gas to Europe and the two sides have kept flows going even after the Kremlin sent troops into Ukraine on February 24.

Germany said Wednesday that it saw a 25 percent drop in supplies of Russian gas flowing through Ukraine.

The drop in Russian natural gas deliveries via Ukraine has fueled fears that already high gas prices in Europe will climb even further with the fall in supplies.

 

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