Gazprom tops Forbes Russia's investment ranking with $26 billion expenditure

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Gazprom tops Forbes Russia's investment ranking with $26 billion expenditure
Credit: © Reuters.

Gazprom (MCX: GAZP ) has maintained its position as the leading investor among Russia's largest companies, according to Forbes' capital expenditure ranking. The state-controlled gas giant invested a substantial $26 billion this year, up from $23 billion, reinforcing its dominance in the sector. Following Gazprom, Rosneft secured the second spot with a notable capital injection of $12.7 billion. Atomenergoprom, a subsidiary of nuclear powerhouse Rosatom, took third place with investments amounting to $8.8 billion.

These strategic financial commitments are indicative of the companies' roles in corporate strategies and economic development within Russia. Novatek and Norilsk Nickel also made significant contributions to the nation's economy through their investments in projects and capital expenditures, with Novatek's Arctic LNG 2 project receiving $3.8 billion and Norilsk Nickel dedicating $3.2 billion.

Forbes' rankings take into account various types of investments such as fixed assets and acquisitions, shedding light on the strategic priorities of Russia’s major investors and their impact on shaping the nation's economic landscape. This year's investments by Gazprom and others reflect not only their business strategies but also the influence of economic policies on their decision-making processes.

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