HomeMediaLatest NewsGazprom has nothing left to bury

Gazprom has nothing left to bury

24 October 2023

Kondratiev Sergey V. Principal Director on Economic Studies, Head of the Economic Department

Sergey Kondratiev, Principal Director on Economic Studies at the Institute for Energy and Finance, commented to the Kommersant newspaper on the Gazprom's investment program for 2023.

Sergey Kondratiev believes that the investment program revision, in addition to reducing revenues from gas exports, was associated with an extremely high bar announced for 2023.

"This is a record-breaking plan, and Gazprom would need to attract all available resources to implement it. Now the program has been revised to the level of last year, also a record, and is one and a half times higher than the average level of 2018-2021," he notes.

According to the analyst, in the coming years, the company will increase its debt burden, as export revenues have fallen, and investments and tax payments have multiplied.

In Kondratiev's opinion, the reduction of the debt burden is unlikely to begin before 2026-2027.

Kondratiev Sergey V. Principal Director on Economic Studies, Head of the Economic Department
Subscribe
You will receive notifications about the release of new materials on the site. We do not share email addresses with third parties and do not spam.
Ok
Thank you!
Your application is accepted.
Ok