Alexey Miller's column
“The Shareholders Meeting has closed, and all decisions have been made, including that on the dividend amount recommended to the shareholders by the Board of Directors at the Management Committee’s initiative.
Consequently, a full year ahead of schedule, the Company is allocating 50 per cent of the adjusted net profit of the Gazprom Group under IFRS for the dividend payout. In absolute terms, this translates into RUB 297.1 billion, the largest amount of dividends in the Russian oil and gas sector based on the results of 2020.
The entire amount will be financed from our free cash flow.
Gazprom’s number one export market is Europe. The share of EUR in export revenues is poised to exceed two-thirds in 2021.
I would also like to highlight another major decision made today at the Shareholders Meeting. Amendments to the Articles of Association of the head company have been approved in order to, among other things, change Gazprom’s registered address to St. Petersburg.”
“Gazprom is proud to take part in such a major conservation project. We attach a lot of importance to preserving the great masterpieces of the Russian Empire-era St. Petersburg for present and future generations, because one cannot evolve and move forward without historical memory and cultural awareness. Such is the purpose of our art patronage activities in St. Petersburg: to create and build through preservation and restoration.”
“The Amur GPP is one of the most cutting-edge and high-tech production enterprises in the world. Its construction schedule was extremely tight. Less than six years passed between the first pile and the start-up. An unprecedented amount of work was completed in that period. Today, the Amur Gas Processing Plant is onstream, and it has already become an integral part of Gazprom's unified production system.”
“Gazprom implements large-scale social-and-cultural and restoration projects in St. Petersburg. The cooperation with the State Hermitage Museum, a gem among the world’s museums, is an undeniably important aspect of our arts patronage activities.”
“We consider the restoration of the unique interiors of the Catherine Palace to be a vital endeavor. Thanks to the joint efforts by Gazprom and the Tsarskoe Selo Museum, both St. Petersburg residents and guests of our beloved city can now enjoy the decor of the Lyons Hall and the Palace Chapel of the Resurrection – genuine masterpieces of world culture. We still have a great deal of work ahead of us. In 2023, we will finish the ambitious project for the recreation of the interiors of the Zubov Wing, which will open its doors to the public for the first time.”