Gazprom Management Committee endorses drafts of investment program and budget for 2024
RELEASE
Release
- Gazprom's overall amount of investments under the 2024 investment program: RUB 1,573.627 billion.
- Final investment program and budget will be approved by the Gazprom Board of Directors.
The Gazprom Management Committee took note of the information about the Company's preliminary operating results for 2023 and the projected investment program and budget (financial plan) for 2025–2026.
The Management Committee also endorsed the drafts of the investment program and budget (financial plan) for 2024.
As per the draft investment program, the overall amount of investments to be used in 2024 will total RUB 1,573.627 billion.
The endorsed 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.
The information about Gazprom's preliminary operating results for 2023, the drafts of the Company's investment program and budget for 2024, and the projected investment program and budget for 2025–2026 will be submitted for consideration by the Gazprom Board of Directors.
Background
Gazprom's investment program for 2024 includes financing for top-priority projects, such as further development of the gas production centers in the Yamal Peninsula and eastern Russia, the Power of Siberia gas trunkline, Gazprom's gas processing complex, and the gas infrastructure expansion in Russian regions, as well as projects securing gas balance in peak periods.