Russia's Gazprom Does Not Rule Out Dividend Rise

Russian gas giant Gazprom may increase dividends on 2018 results, however it is more likely to raise them after 2020 once the current investment cycle is over, Alexander Ivannikov, the head of company's financial department said on Friday.

Gazprom also sees its average gas price in Europe at $230 to$240 per 1,000 cubic metres in 2018, Gazprom Export's Andrei Zotov said on a conference call.

Reporting by Vladimir Soldatkin