2021-12-22 12:10:00
GAZPROM INVESTMENT PROGRAM 2022: $23.5 BLN
GAZPROM - December 21, 2021 - The Gazprom Board of Directors took note of the information about the Company's preliminary operating results for 2021, the projected investment program and budget (financial plan) for 2023–2024, and the outcomes of the cost optimization (reduction) measures taken by the Gazprom Group in 2021.
In addition, the Board of Directors approved the investment program and budget (financial plan) of Gazprom for 2022. The figures of the investment program did not change compared to the version endorsed by the Gazprom Management Committee in November this year.
As per the investment program for 2022, the amount of investments to be used will total RUB 1,757.687 billion, including RUB 1,427.229 billion planned for capital investments, RUB 77.025 billion allocated for the acquisition of non-current assets, and RUB 253.433 billion assigned for long-term financial investments.
In 2021, the Company laid the financial groundwork to pay for the equipment required to implement the investment program for 2022. Consequently, the planned financing of investments under the 2022 investment program will total RUB 1,500 billion, which is lower than the amount of investments to be used.
Pursuant to the approved budget of Gazprom for 2022, the financial borrowings (without intra-Group borrowings) will total RUB 272.789 billion. The approved 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.
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Background
Gazprom's investment program for 2022 includes financing for top-priority projects, including development of the new gas production centers (Yamal, Yakutia and Irkutsk) and the Power of Siberia gas trunkline, creation of major gas processing enterprises in the east and northwest of Russia, renovation of the gas transmission system to supply ethane-containing gas via dedicated gas pipelines up to the coast of the Baltic Sea, and projects securing gas balance in peak periods.
Use of (capital) investments is the overall amount of completed works and services that are planned to be accepted in the reporting year, including works and services which were paid for in advance in the previous years.
Financing of investments is the total amount of funds allocated for the reporting year to pay for works and services, materials and equipment (including payments made in advance against capital expenditures to be incurred in future years).
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Earlier:
2021, December, 17, 12:55:00
GAZPROM GAS PRODUCTION +14%
According to preliminary data, Gazprom produced 490.4 billion cubic meters of gas between January 1 and December 15, 2021, which is 14.2 per cent (or 61.1 billion cubic meters) more than in the same period of last year.
2021, December, 2, 12:05:00
GAZPROM GAS PRODUCTION +14.7%
The Company increased its gas exports to the countries beyond the FSU to 171.5 billion cubic meters, which is higher than the figure for the same period of 2020 by 6.6 per cent (or by 10.6 billion cubic meters).
2021, November, 30, 12:45:00
GAZPROM'S PROFIT RUB 1.6 TLN
Gain attributable to the owners of PJSC Gazprom amounted to RUB 1,550,299 million for the nine months ended September 30, 2021.
2021, November, 26, 11:45:00
GAZPROM INVESTMENT 2022: RUB 1.8 TLN
Overall amount of Gazprom's investments to be used in 2022: RUB 1,757.7 billion.
Gazprom's borrowings for 2022: RUB 272.789 billion.
Final investment program and budget will be approved by the Gazprom Board of Directors.
2021, November, 16, 14:50:00
GAZPROM SUPPLY GROWTH
The Company increased its gas supplies to Turkey (+98.1 per cent), Germany (+19.6 per cent), Italy (+18.3 per cent), Romania (+247.1 per cent), Serbia (+92.9 per cent), Bulgaria (+48.2 per cent), Poland (+7.3 per cent), Greece (+13.7 per cent), Slovenia (+53.3 per cent), and Finland (+10.8 per cent).
2021, November, 2, 13:50:00
GAZPROM PRODUCTION, SUPPLIES UP
According to preliminary data, Gazprom produced 422.6 billion cubic meters of gas in January–October of 2021, which is 15.8 per cent (or 57.7 billion cubic meters) more than in the same period of last year.
2021, October, 29, 13:40:00
GAZPROM: MORE LNG
The Company's work in this promising direction will make it possible to strengthen the position of Gazprom in foreign markets and address in a more flexible manner the tasks related to providing reliable gas supplies to domestic consumers.
