Rus News Journal

Gazprom has corrected the investment program on 2005.

Gazprom Board has the day before considered preliminary results of execution of the investment program of the company on 2004. Also has made decision to approve and submit for consideration board of directors the project of the investment program on 2005.
According to the project, look-ahead parametres of budgets on 2005., 2006. And 2007. Provide volume of the investment program accordingly 300 mlrd rbl., 286,5 mlrd rbl. and 298,8 mlrd rbl.
At formation of the investment program of Gazprom on 2005. The most priority investment projects were considered. In particular, projects in the field of gas production (arrangement Polar, Pestsovogo, Jamburgsky, Bovanenkovsky, Harasavejsky and other deposits); buildings and reconstruction of gas-transport capacities ( SRTO - Torzhok Yamal - Europe Polar - Urengoj Expansion of Urengojsky gas-transport knot); creations of capacities of underground storage of gas. In capital investments the basic priority are projects in transportation of gas which make more than 67 % from total amount, it is marked in the company message.
the investment program also is aimed at realisation of following basic perspective projects: complex development of deposits of Eastern Siberia and the Far East; building of Severo - the European gas pipeline; increase in throughput of the Ukrainian transit gas-transport system at a site of Bogorodchany - Uzhgorod; expansion of gas-transport system Central Asia - the Center in territory of Uzbekistan, Kazakhstan and Turkmenistan; acquisition of actives.
volume of investments of Gazprom on 2005. It is defined in the sum 300 mlrd rbl., including kapvlozhenija - 150 mlrd rbl., long-term financial investments - 150 mlrd rbl.
Gazprom Net profit in 2005. It is planned at a rate of 160 mlrd rbl., a gain - 1,3 trln rbl. Thus, net profit and Gazprom gain in 2005. In comparison with look-ahead indicators 2004. Will grow almost on 20 %. As it was informed earlier, a predicted gain of Gazprom from all kinds of activity in 2004. Should on 38,7 mlrd rbl. exceed a planned target and make 1 trln 86,3 mlrd rbl. the Total sum of incomes and receipts Open Society Authorized capital stock " is expected at a rate of 1 trln 238,2 mlrd rbl.
; Gazprom makes 118 mlrd 367 million 564,5 thousand rbl., it is divided on 23 mlrd by 673 million 512,9 thousand ordinary actions face value 5 rbl. to the State in Gazprom share capital 38,7 % of actions, to the Russian legal bodies - 36,1 % of actions, to the Russian physical persons - 14,03 %, to foreign investors - 11,5 % belong.
Besides, in the company have informed that according to look-ahead parametres of budgets on 2005., 2006. And 2007. Financial loans of the company will make accordingly 110 mlrd rbl., 90 mlrd rbl. and 90 mlrd rbl. we Will remind, financial loans of Gazprom in 2004. Have been planned in volume 150 mlrd rbl. the Program of reduction of expenses it is confirmed in volume 30 mlrd rbl.
we Will remind that yesterday a press - the holding service has informed that Open Society board of directors Gazprom has considered preliminary results of work and budget performance (the financial plan) in 2004. The Board of directors has made decision to specify plan indicators socially - economic development, the investment program and the budget (the financial plan) on 2004. And to confirm them at session of board of directors in the correspondence form.
Besides, the board of directors has transferred consideration of a question on the statement of the investment program and Gazprom budget on 2005. On following session.
Earlier it was informed that the investment program and the budget of Gazprom after approval by board of directors will be considered at session of the government of the Russian Federation on December, 2nd of this year However Gazprom board has considered the materials presented by Open Company Gazpromneft and the adviser for strategic development of an oil direction of business of the company - Deutsche Bank, concerning participation in auction on sale of 76,79 % of actions of Open Society Yuganskneftegaz . The board has approved Open Company giving Gazpromneft the definitive obliging offer for the sum defined proceeding from economic efficiency of acquisition. Besides, the board recognised as expedient attraction of extra means and their granting in the form of Open Company loan Gazpromneft for participation in auction on acquisition of actions of Open Society Yuganskneftegaz with entering of respective alterations into budgets of Gazprom 2004 - 2005.
Besides, the board of directors at session has co-ordinated carrying out of the transactions connected with participation of Open Company Urengojgazprom in the scheme of financing of the project on site working out 1 Achimovsky adjournment of the Urengojsky deposit.
in 2004. Gas production by Open Society organisations Gazprom it is expected in volume 545 mlrd cubic m that on 3 mlrd cubic m above a planned target and on 4,8 mlrd cubic m - extraction level in 2003. Extraction of a gas condensate and oil, according to preliminary data, also will increase and will make 11,9 million t. The given indicator exceeds the plan for 0,6 million t and extraction volume in 2003. - on 0,9 million t. In 2004. It will be processed 32,5 mlrd by cubic m of gas and 11,3 million t a gas condensate and oil. The volume of realisation of gas of the company to all groups of consumers will make 531,9 mlrd cubic m. Thus export of gaz in the far abroad it is expected in volume 143,4 mlrd cubic m, to the CIS and Baltic countries - 47,8 mlrd cubic m that accordingly on 3,4 mlrd cubic M and 6,8 mlrd cubic m above the plan and on 10,5 mlrd cubic m and 5,3 mlrd cubic m - an indicator for 2003. A gain of Gazprom from all kinds of activity in 2004. On 38,7 mlrd the rbl. will exceed a planned target and the Total sum of incomes and receipts will make 1 trln 86,3 mlrd rbl. it is expected at a rate of 1 trln 238,2 mlrd rbl.