General Announcement::Gazprom MC approves 2022 investment program

Issuer & Securities

Issuer/ Manager
JSC GAZPROM
Securities
PJSC GAZPROM GDR - US3682872078 - AAI
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
25-Nov-2021 21:14:31
Status
New
Announcement Sub Title
Gazprom MC approves 2022 investment program
Announcement Reference
SG211125OTHR27L9
Submitted By (Co./ Ind. Name)
Horizon LLC/Yulia Razdrogina
Designation
Director
Description (Please provide a detailed description of the event in the box below)
The Gazprom Management Committee took note of the information about the Company preliminary operating results for 2021, the projected investment program and budget (financial plan) for 2023 2024, and the outcomes of the cost optimization (reduction) measures taken by the Gazprom Group in 2021.
The Management Committee also endorsed the drafts of the investment program and budget (financial plan) for 2022.
As per the draft investment program for 2022, the amount of investments to be used will total RUB 1,757.687 billion, including RUB 1,427.229 billion planned for capital investments, RUB 77.025 billion allocated for the acquisition of non-current assets, and RUB 253.433 billion assigned for long-term financial investments.

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