Gazprom

Regulatory Filings • Sep 6, 2018

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 0283A

PJSC Gazprom

06 September 2018

RELEASE

05.09.2018

Gazprom Management Committee approves revised investment program and budget for 2018

The Gazprom Management Committee approved the revised draft investment program and budget (financial plan) for 2018.

Pursuant to Gazprom's revised draft investment program for 2018, the overall amount of investments will stand at RUB 1,496.328 billion, which is RUB 217.498 billion more than was envisaged in the investment program approved in December 2017.

Of that amount, RUB 984.263 billion (up by RUB 185.835 billion) is intended for capital construction, RUB 84.806 billion (up by RUB 43.823 billion) for the acquisition of non-current assets by Gazprom, and RUB 427.259 billion (down by RUB 12.16 billion) for long-term financial investments.

In line with Gazprom's revised draft budget for 2018, the external financial borrowings will total RUB 518 billion (up by RUB 101.029 billion). The approved financial plan will provide for a full coverage of the Company's liabilities without a deficit.

The adjustments to the investment program for 2018 were caused by, inter alia, increased investments into Gazprom's priority gas transmission and liquefaction (LNG) projects, including the development of the gas transmission system in northwestern Russia and the construction of an LNG production, storage and shipment complex in the neighborhood of the Portovaya compressor station.

The revised drafts of the Company's investment program and budget (financial plan) for 2018 will be submitted to the Gazprom Board of Directors.

INFORMATION DIRECTORATE, PJSC GAZPROM

www.gazprom.ru

_________________________________________________________________________

Media                                                                   Investment Community

+7 (812) 609-34-05                                                +7 (812) 609-41-29   

+7 (812) 609-34-31                                       

+7 (812) 609-34-26                                       

pr@gazprom.ru                                                     ir@gazprom.ru        

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCLFMJTMBMMBRP