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Gazprom Successfully Holds Investor Day in Singapore & Hong Kong

Source: www.gulfoilandgas.com 3/2/2017, Location: Asia

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Gazprom held the twelfth annual Investor Day in Singapore (February 28) and Hong Kong (March 2). Taking part in the events were Andrey Kruglov and Alexander Medvedev, Deputy Chairmen of the Gazprom Management Committee, Oleg Aksyutin, Member of the Management Committee, and management representatives of Gazprom's structural units and subsidiaries, such as Gazprom Neft, Gazprom Export, and Gazprom Energoholding.

It was the second time that the Investor Day was held in Asia-Pacific. The region is of strategic importance for Gazprom's development. The Company aims to foster an increased cooperation with its Asian partners and strives to diversify its investor pool and financing sources, with a primary focus on Asia-Pacific's potential. Specifically, 52 per cent of the Company's loans in 2016 were provided by Asian banks, which shows that they have a high level of confidence in Gazprom.

The investment community showed keen interest in the Investor Day. The events were attended by about 200 portfolio managers and analysts from major regional and international investment funds and credit organizations. In order to give investors from other regions an opportunity to take part in the proceedings, the events were also broadcast over the Internet.

Gazprom presented detailed information on its operational and financial results and the strategic development plans for its gas, oil and power businesses.

It was noted that, despite the challenging macroeconomic environment, Gazprom's positions in the global energy industry remained solid thanks to, inter alia, the Company's unique projects, cost of production that is among the lowest in the world, strong dynamics in gas export volumes, optimization of operating and capital costs, and a well-balanced dividend policy.

In the course of the Investor Day, Gazprom Group held about 30 individual meetings with the leading Asian and international investment funds.

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