" Gazprom’s decisions make perfect sense if the company is assumed to be run for the benefit of its contractors, not for commercial profit. The Power of Siberia, Nord Stream2 and Turkish Stream are all deeply valuede-structive projects that will eat up almost half of Gazprom’s investments over the next five years."

https://globalstocks.ru/wp-content/uploads/2018/05/Sberbank-CIB-OG_Tickling-Giants.pdf