2020-09-14 10:15:00
GAZPROM INVESTMENT RUB922,5 BLN
GAZPROM - September 11, 2020 - The Gazprom Management Committee endorsed the revised drafts of the investment program and budget (financial plan) for 2020.
As per the revised investment program for 2020, the overall amount of investments will stand at RUB 922.489 billion, which is RUB 182.235 billion less than was envisaged in the investment program approved in December 2019.
Of that amount, RUB 720.674 billion (down by RUB 212.729 billion) is intended for capital construction projects, RUB 105.793 billion (up by RUB 15.821 billion) for the acquisition of non-current assets by Gazprom, and RUB 96.022 billion (up by RUB 14.673 billion) for long-term financial investments.
The adjustments to the investment program for 2020 are related to changes in the external market conditions, including those caused by the pandemic of the new coronavirus infection.
Pursuant to the revised draft budget of Gazprom for 2020, the financial borrowings (without intra-Group borrowings) will total RUB 501.287 billion (a decrease of RUB 56.482 billion). In addition, as a result of cost optimization measures, the operating costs will be reduced by RUB 297.1 billion. This financial plan will provide for a full coverage of the Company's liabilities without a deficit.
The revised drafts of Gazprom's investment program and budget (financial plan) for 2020 will be submitted for consideration by the Gazprom Board of Directors.
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Earlier:
2020, September, 9, 11:00:00
NORD STREAM 2 FOR GERMANY
Schwesig said she agreed that Russia had to explain the poisoning, but said the crime "should not be used to challenge Nord Stream 2."
2020, September, 8, 12:40:00
NORD STREAM 2 STAKES UP
The German government led by Chancellor Angela Merkel has up to now supported Nord Stream 2, which is almost complete with just 160 km of the line left to lay in Danish waters.
2020, September, 1, 14:15:00
GAZPROM'S PROFIT RUB33 BLN
Profit attributable to the owners of PJSC Gazprom amounted to RUB 32,919 million for the six months ended June 30, 2020.
2020, August, 20, 14:15:00
NORD STREAM 2 WILL READY
Companies involving in building the Nord Stream 2 link can now be targeted
2020, August, 17, 12:50:00
NORD STREAM 2 SANCTIONS: ILLEGAL
The United States has tightened sanctions on the pipeline, designed and led by Russia’s Gazprom
2020, August, 17, 12:45:00
GAZPROM'S SALES DOWN
Gazprom sales in its biggest market Germany fell by 28.2% -- or by 3.32 Bcm -- to just 8.47 Bcm in Q2
