Gazprom, Republic of Ingushetia sign gas infrastructure development program

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AK&M 30 November 2020 10:26

Alexey Miller, Chairman of the Management Committee of PJSC Gazprom, and Makhmud-Ali Kalimatov, head of the Republic of Ingushetia, have signed a program for the gas supply and gas infrastructure development in the region for a new 5-year period ending in 2021-2025, Gazprom informed.

Under the document, the company will build an inter-settlement gas pipeline in Dzheyrakhsky district so as to supply gas to the Erzi children's health camp and future tourist cluster facilities. Gazprom will also upgrade the Kantyshevo gas distribution station.

As of January 1, 2020, the gas infrastructure penetration in the ration was 85.3%.

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.