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    GAZP   RU0007661625

PUBLIC JOINT STOCK COMPANY GAZPROM

(GAZP)
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Public Joint Stock Gazprom : Development of Gazprom's processing complex to enhance efficiency of Company's gas business

10/22/2021 | 02:04pm EST
Development of Gazprom's processing complex to enhance efficiency of Company's gas business

RELEASE

Release

October 22, 2021, 20:30

The Gazprom Management Committee took note of the information about the functioning and development of the operating facilities for gas, condensate and oil processing.

[Link]

Amur Gas Processing Plant

It was highlighted that the Company's gas processing plants (GPPs) based in Russia are integrated into the single process chain of gas supplies, from hydrocarbon feedstock production to consumer deliveries. Components extracted from gas are used to manufacture high-quality products that are sought after in many industries.

Gazprom is making comprehensive efforts for the development, re-equipment and reconstruction of the active capacities. Its main goals in this regard include increasing the recovery rate of valuable components, as well as the output and range of products.

Specifically, it is planned to launch ethane fraction production at the Astrakhan GPP to supply ethane fraction to the future gas chemical complex of Caspian Innovation Company. The Orenburg GPP is supposed to start the first-ever production of substances activating the desulfurization processes during the manufacturing of motor fuels.

Gazprom is building up its presence in the processing segment and pursuing ambitious projects to create new high-performing capacities. This will make it possible to optimize the Company's revenue mix and generate an additional steady cash flow to further improve the efficiency of the gas business.

In the east of Russia, the construction of the Amur GPP is in full swing. Among the GPP's main products is helium. In September 2021, the first of three helium separation, liquefaction and packaging units was brought into operation. Simultaneously with the launch of the helium unit, the world's biggest Logistics Center for the servicing of helium containers, which will be used to deliver liquid helium to the global market, came onstream in the Primorye Territory. The first shipments of this valuable product are already on their way to the buyers.

In the northwestern part of the country near the settlement of Ust-Luga, the construction of the Complex for processing ethane-containing gas began in May 2021. It will include Russia's largest gas processing complex. These facilities will produce, inter alia, considerable amounts of ethane, which is sought after in the production of polymers, and liquefied natural gas.

The Management Committee was tasked with continuing the work on developing the facilities for gas, condensate and oil processing.

Information Directorate, Gazprom


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Disclaimer

OAO Gazprom published this content on 22 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2021 18:03:06 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2021 138 B - -
Net income 2021 32 447 M - -
Net Debt 2021 42 783 M - -
P/E ratio 2021 3,29x
Yield 2021 14,4%
Capitalization 102 B 102 B -
EV / Sales 2021 1,05x
EV / Sales 2022 0,95x
Nbr of Employees 477 600
Free-Float 50,5%
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Last Close Price 4,33 $
Average target price 5,85 $
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Alexei Borisovich Miller Deputy Chairman & Chairman-Management Board
Viktor Alexeevich Zubkov Chairman
Denis Vladimirovich Fedorov Head-Marketing & Administration Department
Yuri Stanislavovich Nosov Head-Administration Department
Timur Askarovich Kulibayev Independent Director
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