Gazprom Board of Directors approves investment program and budget for 2023
RELEASE
Release
The Gazprom Board of Directors took note of the Company's preliminary operating results for 2022 and the projected investment program and budget (financial plan) for 2024–2025.
The Board of Directors approved the investment program and budget (financial plan) of Gazprom for 2023. The figures of the investment program did not change compared to the version endorsed by the Gazprom Management Committee in November this year.
The overall amount of investments under the 2023 investment program will total RUB 2.3 trillion.
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.
Background
Gazprom's investment program for 2023 includes financing for top-priority projects, such as further development of the new gas production centers (Yamal, Yakutia and Irkutsk), the Power of Siberia gas trunkline, and Gazprom's gas processing complex, as well as projects securing gas balance in peak periods.