Alexey Miller, Chairman of the Management Committee of PJSC Gazprom, and Vladimir Vladimirov, the Governor of Stavropol krai, have signed a program for the gas supply and gas infrastructure development in the region for 2021-2025, Gazprom informed.
Gazprom's investment is projected at RUB 4.2 billion, which is 5.2 times more than in 2016-2020. Under the document, the company will undergo large-scale development of the existing gas transmission capacities. This, in particular, includes the retooling & modernization of 13 gas distribution stations and reconstruction of 14 gas distribution stations.
As of January 1, 2020, the gas infrastructure penetration in the region was 99.8%.
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.