Gazprom’s investment program increased to almost 2 trillion rubles

Management Board of Gazprom revised draft investment program and budget for 2022. The volume of Gazprom’s borrowings will grow by 113.2 billion rubles. — up to 386 billion rubles. The total volume of investments for the current year will increase by 222.1 billion rubles. compared to the initial program approved in December 2021 and will amount to RUB 1,979.7 billion. Gazprom also confirmed plans to pay dividends for the first half of the year. The total amount of payments will be 1.208 trillion rubles, or 51.03 rubles. per share.

The volume of capital investments will be increased to 1,746.4 billion rubles. (+319.1 billion rubles), the cost of acquiring ownership of non-current assets – 109.6 billion rubles. (+32.5 billion rubles). The volume of long-term financial investments will amount to 123.8 billion rubles. (-129.6 billion rubles).

The company noted that the adjustment of the parameters was caused by an increase in investment in the development of gas production centers on the Yamal Peninsula and in the East of Russia (Yakutsk and Irkutsk centers), as well as the development of the Power of Siberia gas pipeline capacity.

A program for the reconstruction and technical re-equipment of Gazprom’s gas production facilities for 2023-2027 was also approved.

On Wednesday, September 21, against the background of the announced partial mobilization, the Russian market experienced the strongest drop since the beginning of the military operation in Ukraine. After the opening of trading, the Moscow Exchange index fell by 10%, to the level of 2005 points, a minimum since February 24. The drop leaders were the most liquid shares of Gazprom, which lost 11-15% in the first minutes of trading. However, experts believe that after the payment of dividends, which earlier confirmed the head of “Gazprom” Alexei Miller, the market may recover.

More details – in the material “Kommersant” “The market has partially mobilized”.

Milena Kostereva