Mission and Strategy
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 at PJSC Gazprom defines the development trajectories and management decisions for the entire Gazprom Group across business lines (gas, oil, power generation) and areas of operation in order to achieve the Gazprom Group’s strategic goals. Long-term planning relies on performance indicators established to serve as benchmarks for budgeting and implementing priority projects, thereby underpinning PJSC Gazprom’s investment planning process.
Operating, investment, and financial activities are planned for the medium and short term as part of the Group’s budgeting process, which involves detailing the plans and ensuring budgetary congruence for the Gazprom Group as a whole, by business lines, and areas of operations, including international ventures.
To quantify the targets aligned with the Gazprom Group’s principal goals, a planning system utilizing strategic target indicators (STIs) was established, with a set of STIs defined for the gas, oil, and power generation business lines. To consolidate indicators across all business lines, we designed corporate-level STIs reflecting Group-wide performance.
The achievement of STIs across all business lines is ensured through a Long-Term Development Programme of PJSC Gazprom (the Gazprom Group)Approved by resolution of the Board of Directors of PJSC Gazprom No. 3955 dated June 22, 2023., a comprehensive, integrated development plan drafted on annual basis.
The Gazprom Group’s first- and second-level STIs quantify and detail objectives aligned with strategic goals for each of the Group’s business lines.
Key Objectives of the Long-Term Development Program of PJSC Gazprom (the Gazprom Group)
- Identifying prospective growth areas based on trends in the global and Russian energy markets and competition analysis;
- devising growth scenarios for each Gazprom Group business line and making a list of PJSC Gazprom’s priority projects;
- conducting financial and economic analysis of scenarios;
- performing strategic risk and opportunity assessment of PJSC Gazprom (the Gazprom Group);
- developing recommendations and initiatives aimed at achieving STIs and fostering PJSC Gazprom’s sustainable development.
For more details on the Gazprom Group’s strategy regulations, see Appendix.