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Gazprom to increase tax payment by 15%

The amount of tax payments by Gazprom in 2017 will increase by 15% year-on-year and reach up to $37.58 bln

MOSCOW, December 21. /TASS/. The amount of tax payments by Gazprom in 2017 will increase by 15% year-on-year and reach up to 2.2 trillion rubles ($37.58 bln), Deputy Chairman of Gazprom Management Committee Andrey Kruglov said on Thursday.

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Gazprom surpasses last-year record of gas export to Europe

"Growth of payment for all taxes of the Group in 2017 will be around 15% year-on-year and will reach about 2.2 trillion rubles ($37.58 bln)," he said.

Gazprom's revenue growth in ruble terms in 2017 may reach 5%, EBITDA - 10-15%, he said.

"Taking into account the expected recovery of the average annual price of oil, gas prices on the European market, record volumes of gas sales to Europe, and a strong growth of oil production, we expect in 2017 to increase revenues in rubles by about 5% against 2017. The growth of EBITDA in ruble terms could be around 10-15%," he said.

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