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TurkStream, Nord Stream 2 Gas Pipelines May Increase Gazprom's EBITDA By $1.5Bln Annually
Faizan Hashmi Published December 12, 2019 | 11:58 PM
The TurkStream and Nord Stream 2 gas pipelines, when fully loaded, could increase Gazprom's EBITDA by more than $1.5 billion a year, Deputy Chairman of the Russian energy giant's Management Committee Famil Sadygov told reporters Thursday
"The launch of the TurkStream and Nord Stream 2 gas pipelines will also have a positive effect on Gazprom Group's EBITDA. With these gas pipelines fully loaded, additional EBITDA may exceed $1.5 billion in annual terms due to lower transportation costs," Sadygov said.
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