Gazprom to consider financial plan for 2005-2006

The Board of Directors of Gazprom will discuss a drafted financial plan and the company's investment program for 2005-2006 today, Gazprom's press service reported. Earlier it was also planned to discuss the question of the repayment of the SIBUR company's debts, but this issue will not be touched upon at this meeting.

Additionally, the Board of Directors will review the investment stage of the work of the international consortium for the development and management of Ukraine's gas transportation system and Gazprom's participation in investment projects in Central Asia.

The board will also discuss the work of the Gazprom's representatives in the managerial bodies of companies that Gazprom has invested money in and ways to improve the work with investors and shareholders.

During the meeting the directors are expected to approve an increase in the authorized capital of the Lithuanian gas company Lietuvos Dujos and the position of the representative of Gazprom at the regular general meeting of shareholders in the Lithuanian company.

Earlier it was reported that Gazprom's investments would reach RUR258.6bn ($8.92bn) in 2005 and RUR277bn ($9.55bn) in 2006.