Stopping Ukrainian transit will not prevent Gazprom from increasing gas revenues

In 2025, Gazprom expects higher revenues from gas sales compared to 2024, despite the suspension of Ukrainian transit. Part of the fuel was redirected via the Turkish Stream, while supplies to China and Turkey increased significantly.

"We can already see that the year 2025 is shaping up successfully for the company. Revenues from gas sales by the end of the year are expected to reach 4.9 trillion rubles, which is 4.4% higher than the plan approved in December 2024," said Famil Sadigov, Deputy Chairman of the Gazprom Management Board.

According to him, in many respects the high revenue from the sale of gas is associated with an increase in the initial targets for gas supplies to Russian consumers and for export.

According to the company's report on MFIs, in 2024 the revenue from the sale of gas was slightly lower. Taking into account excise taxes, duties and payments due to the state, it amounted to 4.88 trillion rubles, and net — 4.13 trillion.

In 2025, Ukrainian transit stopped and the increase in fees from the sale of gas may be explained by the fact that some of the fuel was redirected to Europe via the Turkish Stream. And, most importantly, gas exports to China and Turkey have increased significantly this year.

Gazprom noted that it continues its policy of curbing cost growth.

"In particular, in the new version of the Gazprom PJSC budget for 2025, we achieved an additional reduction in management costs by 2% compared to the original version of the document. As a result, we expect good values in terms of Gazprom Group EBITDA for 2025 — based on conservative assumptions, it is planned to receive 2.9 trillion rubles," added Famil Sadigov.