Gazprom Said to Face Biggest Drop in EU Revenue in 5 Years
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OAO Gazprom, the world’s largest natural gas exporter, may face the biggest decline in European gas revenue in five years as demand weakens and buyers negotiate discounts, according to two company officials.
Sales to the European Union, the source of 40 percent of revenue under Russian accounting, are forecast to fall more than 10 percent to about $55 billion this year, said the officials, asking not to be identified before the number is public.