On November 23, Russian gas monopoly Gazprom said the company’s
management committee took note of the information about the group’s
preliminary operating results for 2017 and the projected investment
programme and budget-financial plan for 2019–2020.
The Management Committee also approved Gazprom’s draft investment programme and budget for 2018.
Pursuant to Gazprom’s draft investment program for 2018, the overall
amount of investments will stand at 1,278.830 billion rubles, with
798.428 billion rubles intended for capital investments, 40.983 billion
rubles for the acquisition of non-current assets, and 439.419 billion
rubles for long-term financial investments, Gazprom said.
In line with Gazprom’s draft budget, the external financial
borrowings will total 416.971 billion rubles. The approved financial
plan will provide for a full coverage of the company’s liabilities
without a deficit.
The information about Gazprom’s preliminary operating results for
2017, the drafts of the Company’s investment programme and budget for
2018, and the projected investment programme and budget for 2019–2020
will be submitted to the Gazprom Board of Directors.
Gazprom’s investment program for 2018 covers all of the company’s
strategically important projects, including the pre-development of the
Chayandinskoye field, the construction of the Amur Gas Processing Plant,
the Power of Siberia, Turkish Stream and Nord Stream-2 gas transmission
projects, the development of the gas transmission system in
northwestern Russia, and the projects securing gas supplies during peak
loads in the midterm.
https://www.neweurope.eu/article/gazprom-approves-investment-programme-budget-2018/