3.2. Mission and Strategy

GRI102-16, 102-26

PJSC Gazprom’s mission is to ensure a reliable, efficient and balanced supply of natural gas, other energy resources and their derivatives to consumers.

The Gazprom Group’s strategic goal is to strengthen its leading position among global energy companies by diversifying sales markets, ensuring energy security and sustainable development, improving operating efficiency and fulfilling its scientific and technical potential.

The Company’s long-term strategic planning relies on a system of strategic target indicators (STI) coming in the shape of well-balanced targets that span the entire range of operations and define the quantitative dimension of strategic goal setting.

The Long-Term Development Program of PJSC Gazprom is the key tool for long-term planning. It is developed annually in accordance with the Company’s Planning Procedures based on the STIs and incorporating the Guidelines on Long-Term Development Programs for Strategic Open Joint Stock Companies and Federal State Unitary Enterprises, and Open Joint Stock Companies in which the Aggregate Share of the Russian Federation Exceeds 50% introduced by Russia’s Ministry of Economic Development. Once pre-approved by the Management Committee, the Program is submitted for approval to the PJSC Gazprom Board of Directors.

Strategic planning helps outline general development paths and management decisions that are set out in more detail at the stage of medium- and short-term planning in the budgeting and development of the Investment Program of PJSC Gazprom.

In 2020, the Planning Procedure Based on the Gazprom Group’s Strategic Target IndicatorsPursuant to resolution of the Management Committee of PJSC Gazprom No. 42 dated September 24, 2020, was updated, and the reference values of the strategic target indicators at the corporate and first levels across the business lines of the Gazprom GroupApproved by resolution of the Board of Directors of PJSC Gazprom No. 3523 dated December 22, 2020 were defined and approved.

The Long-Term Development Program of PJSC Gazprom (2021–2030) developed in 2020 has been approved by the Management Committee of PJSC GazpromResolution of the Management Committee of PJSC Gazprom No. 35 dated July 2, 2020 and the Board of Directors of PJSC GazpromResolution of the Board of Directors of PJSC Gazprom No. 3483 dated September 22, 2020.

For more details on the strategic planning system, see PJSC Gazprom Annual Report 2020