The Gazprom Management Committee approved the investment program and budget for 2018

24.11.2017       

Management Board of PJSC "Gazprom" took note of the information on the preliminary results of the company's work in 2017, as well as the forecast of the investment program and budget (financial plan) for 2019-2020.

The Board also approved the draft investment program and budget (financial plan) for 2018.

In accordance with the draft investment program for 2018, the total volume of investments will amount to 1 trillion 278.830 billion rubles. Including the volume of capital investments will amount to 798.428 billion rubles, the cost of acquiring ownership of non-current assets — RUB 40.983 billion The volume of long-term financial investments — 439.419 billion rubles.
According to the draft budget (financial plan) of PJSC Gazprom, the amount of external financial borrowings will amount to 416.971 billion rubles. The adopted financial plan will cover the obligations of PJSC "Gazprom" without deficit, in full.

Information on the preliminary results of PJSC "Gazprom" in 2017, the draft investment program and budget (financial plan) of the company for 2018 and forecast indicators of the investment program and budget (financial plan) for 2019-2020 will be submitted for consideration by the Board of Directors of PJSC Gazprom.
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Investment program of PJSC "Gazprom" for 2018 provides for the implementation of all strategically important projects of the company. Among them — development of the Chayandinskoye field, construction of the Amur gas processing plant, Power of Siberia and Turkish Stream gas transmission projects; and Nord Stream — 2», the development of the gas transmission system in the North-West region of Russia, as well as projects that ensure the peak balance of gas in the medium term.

Source: http://www.gazprom.ru/press/ news/2017/november/article382191/?from=mail

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