Gazprom approved the development program until 2033, eliminating the target for market share in Europe
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The Board of Directors of Gazprom approved the company’s long-term development program for 2024-2033. The European gas market share indicator will be excluded from Gazprom’s strategic planning system, the Board of Directors decided.
“Introduce changes to the planning procedure at PJSC Gazprom using strategic targets, approved by Resolution of the Management Board of PJSC Gazprom dated September 24, 2020 No. 42, providing for the exclusion of the strategic target indicator of the first level of gas business “Gas market share of the countries of the European region””,— leads Corporate Information Disclosure Center message of the company.
In 2022, Gazprom supplies to EU countries fell 2.5 times. In general, exports to key foreign markets for the company fell by 46%, to 100.9 billion cubic meters. m, reaching the lowest level in the history of Gazprom.
Read more about gas supplies in the publication “Kommersant” “Gas squeezes out to Asia”.
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