The volume of financing of Gazprom's investment program for the next year will amount to 2.3 trillion rubles

AK&M 24 November 2022 15:22

The Gazprom Management Board approved the investment program and budget projects for 2023. The volume of financing of the investment program will amount to 2.3 trillion rubles. This is reported by Gazprom.

The approved financial plan will ensure that Gazprom's obligations are covered in full, without a deficit. It is planned to make decisions on attracting borrowed funds within the framework of the Borrowing Program based on market conditions, liquidity and Gazprom's financing needs, the report emphasizes.

Gazprom's investment program for the next year provides funds for financing priority projects. Among them: further development of new gas production centers - Yamal, Yakutsk and Irkutsk, the Power of Siberia gas pipeline, Gazprom's gas processing complex, as well as projects that ensure peak gas balance.

PJSC Gazprom (TIN 7736050003) is the world's largest gas company. The authorized capital of Gazprom is 118.367 billion rubles. Issued 23673512900 ordinary shares with a par value of 5 rubles. The number of Gazprom shareholders in Russia and abroad is several hundred thousand. Over 50% of the company's shares are under the control of the Russian Federation. The depository of the ADR Gazprom program is The Bank of New York Mello.

Gazprom Group's net profit under IFRS for the first half of 2022 increased 2.6 times and amounted to 2.5 trillion rubles. The group's EBITDA increased by 2 times and amounted to 3.05 trillion rubles.