Gazprom May Suffer $25B Fall In Export Revenue In '09 -Report

Gazprom May Suffer $25B Fall In Export Revenue In 09 -Report
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Δευ, 9 Φεβρουαρίου 2009 - 17:10
Russia's state-controlled gas firm OAO Gazprom (GAZP.RS) may suffer a fall in export revenue of more than $25 billion in 2009 as both export volume and the price of natural gas are set to fall, Vedomosti reported Monday citing a company presentation to investors.
Russia's state-controlled gas firm OAO Gazprom (GAZP.RS) may suffer a fall in export revenue of more than $25 billion in 2009 as both export volume and the price of natural gas are set to fall, Vedomosti reported Monday citing a company presentation to investors.

Gazprom said revenue from sales to Europe - the company's most profitable export market - may total $47.6 billion this year, down $25.6 billion from 2008, while total export volume could contract 8%, the paper reported.

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