Gazprom management approves 1.758 tln rbl invest program for 2022

MOSCOW, Nov 25 (PRIME) -- The management board of Russian gas giant Gazprom has approved a 1.758 trillion ruble investment program for 2022, the company said in a statement on Telegram on Thursday.

“The board has approved a draft investment program and financial plan for 2022. According to the draft investment program for 2022, investment will amount to a total of 1,757,687 billion rubles,” the statement read.

Capital expenditures will amount to 1,427.229 billion rubles, the company said.

Expenditures on acquisition of non-current assets will amount to 77.025 billion rubles, long-term financial investment to 253.433 billion rubles.

Borrowing will amount to 272.789 billion rubles. Gazprom’s liabilities will be covered in full, the company said.

The decisions are yet to be considered by the company’s board of directors.

Gazprom’s borrowing will amount to 508.9 billion rubles in 2021, the company said in October.

(74.3726 rubles – U.S. $1)

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