Third-quarter net profit climbed 12.2% quarter on quarter to 147.18 billion rubles ($5.45 billion) largely due to growth in revenues from stakes in other businesses, the energy giant said.
Gazprom CEO Alexei Miller earlier said the energy giant expected its net profit to hit $30 billion in 2008 against 658 billion rubles ($25 billion) a year earlier.
Miller also said the ongoing global financial crisis was not a disruptive factor for Gazprom.
"We feel absolutely confident. I can say that today Gazprom is operating in price conditions that are very favorable for the company. The era of cheap oil and gas has ended. Despite the financial crisis, prices for hydrocarbons will remain high. Moreover, experts expect them to rise in the medium term," Miller said.
Miller also said Gazprom sees no risks for itself in spite of the problems on global financial markets, and noted that the price of natural gas supplied by the energy giant to Europe hit a record level of $500 per 1,000 cubic meters on October 1.
