Alexey Miller, Chairman of the Management Committee of PJSC Gazprom, and Alexander Yevstifeev, President of the Mari El Republic, have signed the gas supply and gas infrastructure development program for a new five-year period ending in 2025, Gazprom informed.
Gazprom investments are projected at RUB 4.04 billion, which is 3.3 times more than in 2016-2020. Under the document, the company will build inter-settlement gas pipelines to bring gas to 58 rural settlements, will reconstruct the Volzhsk-1 gas distribution station. As of January 1, 2020 the gas infrastructure penetration reached 89.4%.
PJSC Gazprom (tax number: 7736050003) is the world's biggest gas company. Its authorized capital is RUB 118.367 billion and consists of 23,673,512,900 common shares with a face value of 5 rubles. The company has several hundred thousand shareholders in Russia and abroad. The Russian Federation owns more than 50% of Gazprom's shares. The Bank of New York Mellon is the depositary of Gazprom's ADR program.
IFRS profit of Gazprom for 2019 dropped by 17% to RUB 1.269 trillion from RUB 1.529 trillion a year earlier. Profit attributable to shareholders of PJSC Gazprom amounted to RUB 1.203 trillion against RUB 1.456 trillion. Profit from sales decreased by 42% to RUB 1.12 trillion from RUB 1.93 trillion, pre-tax profit by 12.2% to RUB 1.627 trillion from RUB 1.852 trillion. Sales revenue (net of excise tax, VAT and customs duties) decreased by 7% to RUB 7.659 trillion. The lower sales revenue mainly results from a lower revenue from gas sales to Europe and other countries.
