Gazprom’s Board of Directors Approves Investment Program for 2025

The board of directorates of Russia’s giant Gazprom has given its seal of approval for the firm’s projected investment program and budget for next year, which is set at RUB 1.52 trillion (almost $15.22 billion), a drop of about 7% compared with the planned spending of RUB 1.64 trillion (nearly $16.43 billion) for 2024.

While disclosing that the board of directors has approved its investment program and budget for 2025, Gazprom highlighted that the RUB 1.52 trillion will be used to finance top-priority projects, such as further development of the gas production centers in eastern Russia and the Yamal Peninsula, gas infrastructure expansion in Russian regions, expansion of the capacities of the Power of Siberia gas trunkline and the firm’s gas processing complex, alongside the implementation of the Eastern Gas Supply System gas trunkline project and others aimed at securing gas balance in peak periods.

“The approved financial plan is well-balanced; it ensures the achievement of the company’s strategic goals and provides for a full coverage of its 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,” underlined the Russian gas giant.

Strong Performance in 2024

Famil Sadygov, Deputy Chairman of Gazprom Management Committee, describes Gazprom’s performance in 2024 as strong, with the proceeds from the sales of gas estimated to be RUB 4.6 trillion (about $46.1 billion), which is RUB 155 billion (around $1.6 billion) more than was envisaged in the initial financial plan. Sadygov also underlines that the firm’s EBITDA will become one of the highest in its entire history, with conservative estimates placing it at more than RUB 2.8 trillion (approximately $28.1 billion).