Gazprom Draft Budget for 2018 Includes RUB802 Billion on Export Routes -Bloomberg
--Gazprom PJSC's (GAZP.RS) draft budget for 2018 includes 802 billion Russian rubles ($13.7 billion) on new gas exporting routes to Europe and China, a 41% rise from 2017, according to Bloomberg.
--Citing a draft budget, Bloomberg said Gazprom expects investments to start slowing down from 2020, after completing key export pipelines such as its Nord Stream 2 link to Germany. Gazprom also plans to keep dividends flat at the 2017 level of RUB190 billion, said Bloomberg.
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December 19, 2017 08:57 ET (13:57 GMT)Copyright (c) 2017 Dow Jones & Company, Inc.