Gazprom Board of Directors approves investment program and budget for 2024
RELEASE
Release
The Gazprom Board of Directors 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 Board of Directors approved the investment program and budget (financial plan) of Gazprom for 2024. 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 2024 investment program will total RUB 1,573.627 billion.
The approved 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 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.