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Gazprom's total investments in 2018 will total $21.9 billion

The Gazprom Management Committee approved the company’s investment program.

The Gazprom Management Committee has approved on November 23, 2017, the company’s investment program and budget for 2018.


Gazprom's total investments in 2018 will total RUB 1,278.83 billion ($21.9 billion) with RUB 798.43 billion intended for capital investments, RUB 40.99 billion for the acquisition of non-current assets and RUB 439.42 billion for long-term financial investments.


In line with Gazprom’s draft budget, the external financial borrowings will total RUB 416.97 billion.

The approved financial plan will provide for a full coverage of the company’s liabilities without a deficit.


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.


The company noted that gas exports continue to race ahead of last year's record levels.


To read the full story in Russian.


Source : Neftegaz.RU