The Gazprom Board of Directors endorsed the revised investment program and budget (financial plan) of the Company for 2024.
The overall amount of investments under the 2024 investment program will total RUB 1,641.625 billion, which is RUB 67.998 billion more than was envisaged in the initial version of the investment program approved in December 2023.
The adjustments to the 2024 investment program were introduced, inter alia, in line with more precise data obtained on the amounts of investments under the current projects.
The endorsed financial plan will provide for a full coverage of the Company’s liabilities without a deficit. Decisions on debt financing under the Borrowing Program will be made on the basis of the market conditions, liquidity and Gazprom’s financing needs.
Background
Gazprom’s investment program for 2024 includes financing for top-priority projects, such as further development of the gas production centers in the Yamal Peninsula and eastern Russia, the Power of Siberia gas trunkline, Gazprom’s gas processing complex, and the gas infrastructure expansion in Russian regions, as well as projects securing gas balance in peak periods.
