18 January 2018

Russia's top gas producer Gazprom to expand borrowing program

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Gazprom plans to expand its borrowings program, Deputy Chairman Andrei Kruglov said in an interview with Gazprom magazine.

"Due to a substantial amount of debt repayments and generally a fairly favorable environment on debt markets we’re planning to expand the borrowings program.

That said, we plan to avoid a substantial increase in debt obligations and gradually move towards their decrease. We’ll continue efforts on the debt portfolio optimization and average interest rates reduction," he said.

2016.12.19 / 13:36
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