Gazprom expects large losses

Gazprom may have serious profit losses due to the complications in its international projects. The implementation of such projects as the «Nord Stream 2" and "Turkish Stream 2" is still being discussed, because of the European Commission's claims, most probably related to the increasing energy dependence on Russia, and the Russian-Turkish conflict. Moreover, the major contract with China of $400 billion may drop by 4 times, because of the reduction in oil prices, and even bring some losses to the company. Any income losses can lead to the decline in the shares' value.

The common negative sentiment has impacted the Gazprom shares, which value has decreased by 2.02%. Traders have a great opportunity to earn money on a further fall. Trading will be available during the European session from 6:30 to 14:30 GMT time.

The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.