The stock soared more than 30% as the company announced dividend payouts to shareholders Russian energy major Gazprom’s stock jumped 31% on Wednesday to 267.25 rubles per share (just over $4.43) on the Moscow Exchange, following the company’s announcement of bumper profits and dividend payments to shareholders.

Inflation in the Eurozone spiked to a record high of 9.1% in August, according to flash figures from Europe’s statistics office, Eurostat, published on Wednesday. The indicator overshot analysts’ expectations of a 9% rate.

The vast deposits around the northern Yamal Peninsula will play a crucial role in the nation’s energy future, the company has said Russia has huge natural gas reserves that could last for more than a century, the head of state-owned Gazprom, Alexey Miller, said on Wednesday at the International Business Congress.