Investment group “Gazprom” will be reduced by 5% in 2016 – to 1.5 trillion rubles – Russian Oil

«Oil of Russia», 28.04.16, Moscow, 19:12 The total amount of investments, according to the investment program for 2016, on gas , petroleum, power generating and heat-generating assets “Gazprom” group will be 1.528 trillion rubles, according to the materials of the gas holding.

in 2015 the figure was planned in the amount of 1.608 trillion rubles. Thus, the decrease in the current year will be 5%.

As noted in a conference call holding representative, “the expected volume of investments for 2016 is currently estimated at 1.5 trillion rubles”.

The head of the construction department of “Gazprom” Sergei Prozorov said that the program of construction of facilities for the pipeline “power of Siberia” and arrangement Chayandinskoye field for the preparation of raw materials for the transportation of gas in the current year includes a physical indicator of construction work in 400 km of gas pipeline, development of capital expenditure – about 90 billion rubles

The Board of Directors of PJSC “Gazprom” previously approved investment program, budget (financial plan) and cost optimization (reduction) program for 2016 costs.. The volume of investment development of the company will amount to 842 billion rubles, which corresponds to the original plan for 2015. The volume of capital investments will amount to 777.628 billion rubles, including capital construction costs – 767.327 billion rubles, to acquire ownership of PJSC “Gazprom” non-current assets – 10.301 billion rubles. The volume of long-term investments – 64.372 billion rubles

According to the PJSC “Gazprom” approved budget for 2016, the amount of external financial borrowings amount to 90 billion rubles

The investment program of “Gazprom”.. for 2015 it was approved at the level of 840.35 billion rubles. The size of external financial borrowings planned at 90 billion rubles

In 2015, the total amount of financing investment, “Gazprom” was envisaged at the level of 1 trillion 043.04 billion rubles, including the amount of long-term investments -. 363, 21 billion rubles, the amount of external financial borrowings -. 227.49 billion rubles

Thus, the investment program for 2016 will be 19% lower in comparison with the planned volume of investments in 2015, and financial borrowings – in 2.5.
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