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.

The Company’s strategic planning is based on strategic target indicators (STIs), which define the quantitative dimension of strategic goal setting for the Gazprom Group’s businesses and result from the estimation in the annually set Long-Term Development Program of PJSC Gazprom (the Gazprom Group).

The purpose of the Long-Term Development Program 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 the strategic risk and opportunity assessment of PJSC Gazprom (the Gazprom Group).

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;
  • strategic risk and opportunity assessment of PJSC Gazprom (the Gazprom Group);
  • 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.

The estimated STIcorp, STI1 and second-level STI (STI2) are set in the Long-Term Development Program.

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.