Gazprom Management Committee considers Investment Program, Budget and Cost Reduction Program for 2011
The Gazprom Management Committee took notice of the information on the Company’s preliminary 2010 operating results, projected Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program for 2012–2013.
It was noted that the Investment Program, Budget and Cost Optimization (Reduction) Program implementation in 2010 was expected to match the level of the approved parameters.
The Management Committee considered Gazprom’s draft Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program for 2011. The Company’s specialized subdivisions were tasked to update the draft versions of the Investment Program and the Budget for 2011 with due account of the discussion held and submit them to the Company’s Board of Directors for approval.