Gazprom may finish year with loss

In 2016-2018, Gazprom can receive a negative free cash flow to the total amount of $6.7 billion, respectively, to reduce investment program, and also record the worst earnings trends in the industry. This was reported by the RIA Novosti with reference to the analytical review of Renaissance Capital.

"According to our data, Gazprom can face the worst profit tendency in the sector, its adjusted profit could decline by 29% over the next two years (2017 vs. 2015),"- experts of the investment company report after the visit to the production projects of the concern. According to them, the weak macro-economic environment and the decline in revenues from gas exports also limit the company's ability to invest more aggressively. According to the experts, in 2016-2018, Gazprom will fix the negative cash flow to the total amount of $6.7 billion.