1.2. Mission and Strategy
PJSC Gazprom’s mission is to ensure a reliable, efficient and balanced supply of natural gas, other energy resources and their derivatives to consumers.
PJSC Gazprom’s (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.
Strategic planning underpins our growth and managerial decision-making enabling the Gazprom Group to achieve its strategic goals.
This process relies on 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. STIs are set forth in the Long-Term Development Program of PJSC Gazprom (the Gazprom Group)Approved by resolution of the Management Committee of PJSC Gazprom No. 35 dated July 2, 2020 and by resolution of the Board of Directors of PJSC Gazprom No. 3483 dated September 22, 2020.
The Long-Term Development Program of PJSC Gazprom (the Gazprom Group) is the key long-term planning tool.
Its purpose is to provide a comprehensive integrated plan ensuring the Company’s balanced and successful growth, achievement of STIs, and maximization of systemic economic benefits based on risk and opportunity analysis. The STI-driven Program is drafted annually pursuant to the Planning Procedures of PJSC Gazprom (the Gazprom Group)Approved by resolution of the Management Committee of PJSC Gazprom No. 42 dated September 24, 2020 and effective since January 1, 2021 (the “Planning Procedures”) and Russian Government’s Directives No. 4955p-P13 dated July 17, 2014.
Key objectives of the Long-Term Development Program:
- identifying prospective growth areas based on trends in the global and Russian energy markets and competition analysis;
- devising growth scenarios and making a list of PJSC Gazprom’s priority projects;
- financial and economic analysis of scenarios;
- assessing PJSC Gazprom’s strategic risks;
- developing recommendations and initiatives aimed at achieving STIs and fostering the Company’s sustainable development.
PJSC Gazprom’s Board of Directors determines reference values for the Gazprom Group and first-level STIs (STIcorp and STI1, respectively) of gas, oil and electric power businessesResolution of the Board of Directors of PJSC Gazprom No. 3523 dated December 22, 2020. These values are effective until the end of a ten-year planning period.
In accordance with the Planning Procedures, the LongTerm Development Program sets estimated STIcorp, which characterize the Gazprom Group’s activities as a whole, along with STI1 and STI2 (second-level STIs). STI1 quantify key objectives for achieving the strategic goals of the Gazprom Group’s businesses, whereas STI2 break STI1 down by area and type of operations, detailing objectives in production, marketing, economics, corporate processes, innovation, and HR management.
Once pre-approved by the Management Committee, the Long-Term Development Program is submitted for approval to the PJSC Gazprom’s Board of Directors. In 2021, the Long-Term Development Programme of PJSC Gazprom (the Gazprom Group) for 2022–2031 was approved by PJSC Gazprom’s Management CommitteeResolution of the Management Committee of PJSC Gazprom No. 34 dated June 17, 2021 and Board of DirectorsResolution of the Board of Directors of PJSC Gazprom No. 3652 dated September 28, 2021.
For more details on the strategic planning system, see PJSC Gazprom Annual Report 2021.
Alexey Sakharov
Head of Division at PJSC Gazprom PhD in Economics Honored Gas Industry Specialist
Alexey leads the effort to shape the Long-Term Development Program of PJSC Gazprom. He is one of the experts developing and updating strategic documents for the Russian fuel and energy industry.
1.2. Mission and Strategy "Strategic Planninig
