Russia's Gazprom Plans to Slash Investments in 2026

Gazprom’s Executive Committee has approved the draft investment program and budget for 2026, with the company planning total investments of 1.1 trillion rubles ($13.8 billion).

This represents a nearly one-third reduction compared with the investment levels in 2025, according to the Russian energy giant, The Caspian Post reports, citing TASS.

"The Executive Committee of Gazprom approved draft investment program and budget for 2026," the company said. "The total volume of investment program financing is 1,100 bln rubles," Gazprom said.

Gazprom’s investments for 2026 provide for funds to finance development of gas production centers in East Russia and in the Yamal Peninsula, gas infrastructure development of Russian regions, capacity expansion of the Power of Siberia gas pipeline, the gas processing complex of Gazprom, the Eastern Gas Supply System of Trunk Gas Pipelines and projects supporting the peak balance of gas.

Draft investment program and budget for the next year and forecast indicators of the investment program and the budget for 2027-2028 will be presented to Gazprom Board of Directors for consideration.