The Board of Directors of Gazprom approved a record investment program for 2.3 trillion rubles.
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The Board of Directors of the energy company Gazprom approved the investment program and budget for 2023. The volume of financing of the investment program will amount to a record 2.3 trillion rubles. In 2021, the amount of 1.98 trillion rubles was planned, as a result, a little more than 1 trillion rubles was spent on the program.
“The approved financial plan will ensure that PJSC Gazprom’s obligations are covered without a deficit, in full. Decisions on raising borrowed funds under the Borrowing Program are planned to be made based on market conditions, liquidity and PJSC Gazprom’s need for financing,” reads the transcript published in Telegram channel companies.
Management Board of Gazprom approved investment program in the amount of 2.3 trillion rubles. November 24th. The previous maximum was in the revised version of 2018 – 1.496 trillion rubles.
Gazprom’s investment program includes funds to finance a number of projects. Among the priorities are the development of the Yamal, Yakutsk, Irkutsk gas production centers, as well as the Power of Siberia main gas pipeline, and the gas processing complex of Gazprom.
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