* Q1 results due on Wednesday, Aug 26
* Net profit seen down 69 percent to $2.5 billion
MOSCOW, Aug 25 (Reuters) - Russian energy giant Gazprom is set to report a 69 percent fall in its net profit for the first quarter of 2009, when its financials were dealt a heavy blow after disruptions of gas supplies to Europe.
A row between Kiev and Moscow over payments in January cut supplies to Europe, which gets about 20 percent of its gas from Russia via Ukraine.
Goldman Sachs analysts said the financial decline would result from a 40 percent fall in shipments to Europe and a 50 percent fall in shipments to former Soviet states during the quarter.
A sharp rouble devaluation also had a negative impact on Gazprom's bottom line. JPMorgan analysts believe that the company had a $5 billion currency loss for the quarter on its foreign currency-denominated debt.
The average forecast given in the poll of nine analysts was for a net profit of 84.75 billion roubles ($2.5 billion) in January through March versus 273.44 billion roubles a year earlier.
Following are results of the poll (in billions of dollars):
Revenues EBITDA net profit JPMorgan 28.086 8.505 1.253 Troika Dialog 23.758 8.424 1.187 Solid 19.700 7.800 5.500 Alfa Bank 27.557 9.338 2.484 Deutsche Bank 22.617 7.655 1.914 VTB Capital 27.353 9.908 3.063 *Uralsib 26.519 9.676 3.687 *UniCredit Securities 24.675 10.148 2.779 *Goldman Sachs 24.522 6.884 0.820 Average (USD, bln) 25.000 8.700 2.500 Average (RUB, bln) 847.500 249.930 84.750 Q1'2008 (USD, bln) 37.237 17.400 10.820 Q1'2008 (RUB, bln) 902.944 422.036 273.439
*These analysts gave forecasts in roubles, which were converted into dollars using the Russian central bank's average rate for the first quarter of 2009, which was 33.9 roubles per dollar. Gazprom reports its financials in roubles. (Reporting by Vladimir Soldatkin; Editing by Jon Loades-Carter)