Gazprom (OGZPY.PK) admits it expects lower EBITDA of $54B-$55B this year vs. $63.6B a year ago...

|By:, SA News Editor

Gazprom (OGZPY.PK) admits it expects lower EBITDA of $54B-$55B this year vs. $63.6B a year ago after posting a drop in nine-month profits. The Russian gas monopoly also expects capex to total $44B in 2012, $5B more than previously planned. After reporting negative free cash flow for Q3, concern grows that free cash flow could finish negative for the year.