Gazprom Board Approves RUB1.28 Trillion Investment Plans for 2018
December 21 2017 - 3:12AM
Dow Jones News
By Adam Clark
Gazprom PJSC (GAZP.RS) said Thursday that its board has approved
its 1.28 trillion ruble ($21.88 billion) investment program and
budget for 2018.
The Russian gas producer said the key figures of the investment
program didn't change from the version approved by its management
committee in November.
The overall investment figures include RUB798.43 billion for
capital investments, RUB439.42 billion for long-term financial
investments and RUBV40.98 billion for acquisition of non-current
assets.
Gazprom said the external financial borrowings under the plan
will total RUB416.97 billion.
The company said the investment program for 2018 covers all of
its strategically important projects, including pre-development of
the Chayandinskoye field, the construction of the Amur Gas
processing plant, and the Power of Siberia, TurkStream and Nord
Stream 2 gas transmission projects.
Write to Adam Clark at adam.clark@dowjones.com
(END) Dow Jones Newswires
December 21, 2017 02:57 ET (07:57 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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