Gazprom shares fall on dividend cut and pipeline delay
Shares in the Russian gas giant fell as the firm skipped its 2025 dividend. Investors reacted to the lack of progress on the Power of Siberia 2 pipeline deal.
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Gazprom shares fell 1% to 117.9 roubles on May 21 morning after the producer canceled its 2025 dividend and failed to secure a China pipeline deal.
The decline extends a 3.5% drop from the previous day. Investors are reacting to the erosion of the company's primary growth catalysts following the loss of European markets.
