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Gazprom Board approves 7% investment cut in 2025

Total financing of the investment program will amount to 1.5237 bln rubles ($15.2 bln)

MOSCOW, December 24. /TASS/. The Gazprom Board of Directors approved the reduction of the investment program and the budget for 2025 by 7% annually to 1.524 trillion rubles ($15.2 bln), the gas giant said.

"The Board of Directors approved the investment program and the budget (financial plan) of Gazprom for 2025. Investment program indicators did not change as compared to the variant approved by the Executive Committee of Gazprom in November of this year. Total financing of the investment program will amount to 1.5237 bln rubles," the company said.

The approved financial plan will support coverage of Gazprom’s liabilities without deficit in full scope, it added.