Gazprom’s 14th Investor Day held in Hong Kong and Singapore
Gazprom held its 14th annual Investor Day in Hong Kong (February 26) and Singapore (February 28).
Taking part in the events were Andrey Kruglov, Deputy Chairman of the Gazprom Management Committee, Oleg Aksyutin, Member of the Management Committee and Head of Department at Gazprom, Elena Burmistrova, Director General of Gazprom Export, and representatives of the Company’s relevant subdivisions and its subsidiaries Gazprom Neft and Gazprom Energoholding.
The events were once again attended by representatives of the world’s leading investment funds and banks, as well as credit organizations from the Asia-Pacific region, continental Europe, the UK, the US and Russia, including analysts from Bank of America Merrill Lynch, Morgan Stanley, Sova Capital Limited, and Gazprombank.
The livestream of the Investor Day was also available on the Internet.
Gazprom leaders made presentations on the Company’s work in 2018 and shared their opinions regarding the current state of the global oil and gas market and key development trends in the field.
They stressed that 2018 was yet another year of dynamic growth for Gazprom. The Company achieved strong production and financial indicators and for the third consecutive year broke its all-time record of gas exports to non-CIS countries.
These results were achieved through following a clear and well-planned development strategy and a conservative financial policy, and thanks to favorable conditions in the oil and gas markets.
Among the key items on the agenda was the implementation of the Company’s strategic projects, including Nord Stream 2, TurkStream, and Power of Siberia. Their launch is scheduled for 2019. These new gas pipelines will enable Gazprom to diversify its gas supply routes, enhance reliability of its gas exports to Europe, and introduce its pipeline gas to the world’s most promising market, China.
Special attention at the Investor Day was paid to further strengthening the Company’s position on the global energy scene, both in the medium and long term. It was noted that Gazprom is committed to sustainable and efficient development for the benefit of its shareholders. The Company’s investment program is based first and foremost on the economic viability of projects and their role in achieving Gazprom’s goals. This approach makes it possible for Gazprom to improve its key business indicators while keeping its capital investments well-balanced.
The Investor Day also featured individual meetings with representatives of more than 25 major international investment funds.