Novak announced the growth of Gazprom’s dividends

MOSCOW, Sep 1 — PRIME. Gas production is falling, while Gazprom’s dividends are growing, Deputy Prime Minister Alexander Novak told reporters, describing the current situation with the reduction in gas production by the company and possible risks for it.

“Gas production is falling, while Gazprom’s dividends are growing. There is a directive, there is a decision of the board of directors. Only a meeting of shareholders is needed there,” Novak said, answering a question about whether a drop in gas production poses risks for the company.

This week on Tuesday, Gazprom announced that the board of directors recommended paying an interim dividend for the first half of 2022 of 51.03 rubles per share, shareholders will discuss this issue at an extraordinary meeting on September 30.

According to the latest data from Gazprom, gas production for 7.5 months decreased by 13.2%, to 274.8 billion cubic meters.