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Board of Directors creates Commission on Strengthening Financial Discipline for Domestic Gas Supplies

By   /   July 17, 2017  /   Comments Off on Board of Directors creates Commission on Strengthening Financial Discipline for Domestic Gas Supplies

MIL OSI – Source: Gazprom – Press Release/Statement

Headline: Board of Directors creates Commission on Strengthening Financial Discipline for Domestic Gas Supplies

Background
The Gazprom Group fulfils all of its obligations to ensure uninterrupted gas supplies to all groups of consumers in the Russian Federation, including industrial and socially significant entities.
However, the large amount of outstanding debt for gas deliveries payable to Gazprom by Russian consumers remains an urgent problem. As of June 1, 2017, the aggregate arrears of consumers reached RUB 196 billion.
In light of the above, the amount of investments made by Gazprom into regional gasification programs depends on the financial discipline demonstrated by Russian regions.
The Company continues to cooperate with ministries, agencies, and non-governmental organizations to improve the national legislation related to gas payments.

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