2018-09-07 12:37:00
GAZPROM'S INVESTMENT UP TO RUB 1,496.328 BLN
GAZPROM - The Gazprom Management Committee approved the revised draft investment program and budget (financial plan) for 2018.
Pursuant to Gazprom's revised draft investment program for 2018, the overall amount of investments will stand at RUB 1,496.328 billion, which is RUB 217.498 billion more than was envisaged in the investment program approved in December 2017.
Of that amount, RUB 984.263 billion (up by RUB 185.835 billion) is intended for capital construction, RUB 84.806 billion (up by RUB 43.823 billion) for the acquisition of non-current assets by Gazprom, and RUB 427.259 billion (down by RUB 12.16 billion) for long-term financial investments.
In line with Gazprom's revised draft budget for 2018, the external financial borrowings will total RUB 518 billion (up by RUB 101.029 billion). The approved financial plan will provide for a full coverage of the Company's liabilities without a deficit.
The adjustments to the investment program for 2018 were caused by, inter alia, increased investments into Gazprom's priority gas transmission and liquefaction (LNG) projects, including the development of the gas transmission system in northwestern Russia and the construction of an LNG production, storage and shipment complex in the neighborhood of the Portovaya compressor station.
The revised drafts of the Company's investment program and budget (financial plan) for 2018 will be submitted to the Gazprom Board of Directors.
-----
Earlier:
2018, September, 5, 10:45:00
RUSSIAN GAS TO EUROPE UPPLATTS - Russian natural gas flows to western and central Europe recovered strongly in August -- after a dip in July because of pipeline maintenance -- as demand for Russian gas remained buoyant to meet demand from both the power and storage sectors, |
2018, September, 3, 15:05:00
UNIMPORTANT RUSSIA SANCTIONSFT - Higher energy prices and a weakened rouble saw second-quarter profits soar at three of Russia’s largest oil and gas groups, underlining a strong earnings season for the country’s energy industry that has weathered international sanctions to reap strong earnings. |
2018, August, 31, 11:35:00
GAZPROM'S PROFIT UP BY 65%GAZPROM - Profit attributable to the owners of PJSC Gazprom for the six months ended June 30, 2018 totalled RUB 630,804 million which is by RUB 249,458 million, or 65 %, more than for the same period of the prior year. |
2018, August, 31, 11:25:00
RUSSIAN GAS FOR EUROPE UPPLATTS - Russian gas supplies to Europe and Turkey rebounded in August, according to data released by gas giant Gazprom, after a dip the previous month during the planned outage of the main Nord Stream gas pipeline to Germany. |
2018, August, 29, 10:40:00
ГАЗПРОМ - МИРОВОЙ ЛИДЕРГАЗПРОМ - «Газпром» является мировым лидером по разведанным запасам природного газа (категорий А+В1+С1) — 35,4 трлн куб. м по состоянию на 31 декабря 2017 года. |
2018, August, 10, 10:30:00
SOUTHERN GAS CORRIDOR SANCTIONSPLATTS - The Southern Gas Corridor has received a waiver from US sanctions against Iran's energy customers, an expected win for the project, designed to transport 16 Bcm/year of Caspian natural gas to Turkey and southern Europe while bypassing Russia. |
2018, July, 25, 10:00:00
IRAN'S DEVELOPMENT BY GAZPROMSHANA - A non-disclosure agreement was signed last year between Iran's OIEC and Russia's Gazprom Neft for the development of the Azar and Changuleh oil fields. The agreement was endorsed by the National Iranian Oil Company (NIOC). |
