Gazprom does not expect growth of Nord Stream 2 cost - Deputy Chairman / News / News agency Inforos
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Gazprom does not expect growth of Nord Stream 2 cost - Deputy Chairman

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Gazprom sees no reason for growth of cost for the Nord Stream 2 project, Deputy Chairman of Gazprom Management Committee Andrey Kruglov said at a press conference, TASS reports on June, 28.

"We do not expect that the cost of the Nord Stream 2 project will increase for no reason," he said. Gazprom does not rule out it will have negative free cash flow in 2018-2019, Deputy CEO of the Russian gas holding Andrei Kruglov said on Thursday.

"The probability is high to get the negative free cash flow in 2018-2019," Kruglov said.

Gazprom Group plans to repay $15.2 bln debt in 2018, followed by repayments of $8.4 bln in 2019, $6.5 bln in 2020, and $4.5 bln in 2021, the Russian gas holding said in its papers on Thursday.

Repayment of $22.1 bln debt will fall on the period after 2021.

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