On December 24, 2012, the Gazprom board of directors addressed the preliminary results of the company’s performance in 2012, the forecast of the company’s investment program, the annual budget (or the financial plan), and the optimization program aimed at reduction for 2014-2015.

The board of directors approved the investment program, the budget, as well as the optimization program for 2013.

According to the investment program for 2013, the total volume of investments will be 705.41 billion roubles. The volume of capital investments will be 658.455 billion roubles, which includes construction expenses in the amount of 655.158 billion roubles. Gazprom also earmarked 3.297 billion roubles for asset acquisition. The volume of long-term investments will be 46.955 billion roubles.