Gazprom plans to reduce its investment program for 2024 by 20% – Kommersant
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The Gazprom Management Board approved the draft investment program and budget for 2024. The volume of the investment program may be reduced to 1.57 trillion rubles, which is 20% less than planned in 2023 (1.97 trillion rubles). The final parameters of the investment program and budget will be approved by the board of directors, the statement says. message companies.
The investment program for 2024 provides funds for the development of gas production centers on the Yamal Peninsula and eastern Russia, the Power of Siberia gas pipeline, and the Gazprom gas processing complex. Gasification of Russian regions will be financed, as well as projects “ensuring peak gas balance.”
The approved financial plan will cover Gazprom’s obligations in full without a deficit. Borrowing decisions will be made “based on market conditions, liquidity and need” for funding.
Initially, in 2023 it was planned to allocate 2.3 trillion rubles for the investment program. During the traditional review based on the results of work in the first half of the year, the amount was reduced to 1.97 trillion rubles. In 2022, 1.98 trillion rubles were allocated for the investment program.
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