Russia’s Gazprom reports record earnings amid global gas crisis

Company expects higher profits for final months of 2021 as customers in Europe face soaring energy costs

Russia's state gas company has reported record earnings for the third quarter of the year after profiting from a global gas crisis that has ignited historic energy market highs across Europe.

Gazprom, the world's largest gas producer, said it expected even higher profits for the final months of the year as its customers in Europe brace for a winter energy crisis and record high costs.