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    GAZP   RU0007661625

PUBLIC JOINT STOCK COMPANY GAZPROM

(GAZP)
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General Announcement::Gazprom BoD approves revised 2021 invest program and budget

10/20/2021 | 04:31am EST

RELEASE

19.10.2021

Gazprom Board of Directors approves revised investment program and budget

for 2021

  • Gazprom's overall amount of investments for 2021: RUB 1.185 trillion.
  • Gazprom's borrowings for 2021: RUB 508.866 billion.

The Gazprom Board of Directors endorsed the revised investment program and budget (financial plan) for 2021.

As per the revised investment program for 2021, the overall amount of investments will stand at RUB 1,185.258 billion, which is RUB 282.845 billion more than was envisaged in the investment program approved in December 2020.

Of that amount, RUB 1,024.929 billion (up by RUB 160.866 billion) is intended for capital investments, RUB 61.259 billion (up by RUB 40.495 billion) for the acquisition of non-current assets, and RUB 99.071 billion (up by RUB 81.484 billion) for long-term financial investments.

The adjustments to the investment program for 2021 are related mainly to increased investments into the top-priority gas transmission and production projects of Gazprom.

Pursuant to the revised budget of Gazprom for 2021, the financial borrowings (without intraGroup borrowings) will total RUB 508.866 billion (a decrease of RUB 2.76 billion). This financial plan will provide for a full coverage of the Company's liabilities without a deficit. Decisions on debt financing under the Borrowing Program will be made on the basis of the market conditions, liquidity and Gazprom's financing needs.

Background

The key figures of the investment program did not change compared to the version endorsed by the Gazprom Management Committee in September this year.

The main investments under Gazprom's investment program for 2021 cover the Company's top-priority projects of strategic importance, including further development of the gas production centers in the Yamal Peninsula and eastern Russia, the gas transmission system in the northwest of the country, ongoing construction of the Power of Siberia gas pipeline, and projects securing gas balance in peak periods.

INFORMATION DIRECTORATE, PJSC GAZPROM

www.gazprom.ru

_________________________________________________________________________

Media

Investment Community

+7 (812) 609-34-21

+7 (812) 609-41-29

+7 (812) 609-34-32

+7 (812) 613-29-27

pr@gazprom.ru

ir@gazprom.ru

Disclaimer

OAO Gazprom published this content on 20 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2021 08:30:01 UTC.


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Net income 2021 30 903 M - -
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Technical analysis trends PUBLIC JOINT STOCK COMPANY GAZPROM
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 11
Last Close Price 4,70 $
Average target price 5,86 $
Spread / Average Target 24,7%
EPS Revisions
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Alexei Borisovich Miller Deputy Chairman & Chairman-Management Board
Viktor Alexeevich Zubkov Chairman
Denis Vladimirovich Fedorov Head-Marketing & Administration Department
Yuri Stanislavovich Nosov Head-Administration Department
Timur Askarovich Kulibayev Independent Director
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