LNG

Russian pipeline natural gas and LNG supplier Gazprom said overdue debt of Russian consumers for natural gas supplies over the past year amounted to 172.5 billion Russian roubles ($2.27Bln) with the biggest debts being in Moscow.

Gazprom, the Russian natural gas company supplying pipeline gas to Europe and China in competition to LNG, posted much higher first-half profits as volume sales of gas increased by 18 percent with the start of the partial global economic recovery.